Answer:
Thinking on the margin will ensure that each pair of inserts produced is turning a profit. Once a profit is no longer being made on a pair of inserts, production must be cut back. Understanding these margins will also help me stay competitive in a market that is open to other producers. If additional producers enter the market, I know that I have the ability to lower prices or offer discounts while still maximizing profits.
Explanation:
Answer:
$13,296
Explanation:
Federal unemployment tax rate = 0.8% of 96,000 = 768
State unemployement tax rate = 5.4% of 96,000 = 5,184
Social security tax rate+medicare tax rate = 6.2%+1.45% = 7.65%
7.65% of 96,000 = 7,344
So total tax expense = 768+5,184+7,344 = $13,296
So answer is $13,296
Answer:
see explanations
Explanation:
First, for 80 room charged at $60 per room ,all rooms are occupied
Let the demand function, expressed by p , the price in dollars charged for each room per day, as a function of x as,
p(x)=$60x ------------where x in the number of rooms
When the price per room is increased by $3, the demand function will be;
p(x)=$63x
Maintenance per room after price increase will be;
p(x)=$16x
This means: $63x -$60x=$16x
3*80 p(x)=16*80
p(x)=(16*80)/(3*80) =5.33
Due to price increase the number of rooms occupied reduced by 5 rooms to 75 rooms. Because of unoccupied rooms bringing no revenue the maintenance cost increased. The demand for room decreased.
Answer:
$32,647
Explanation:
P=R(1-(1+i)^-n)/i
Where P=$140,000
R=?
i=14%
n=7 years
by putting above values in formula, we get
140,000=R (1-(1+.14)^-7)/.14
$140,000=R4.288
R=$140,000/4.288
R=$32,647
Answer:
a. Office Supplies Expense a/c Dr. $750
Explanation:
We are provided that office supplies are recorded as an expense, in that case entry will be:
Office Supplies Expense A/c Dr.
To Cash A/c
After this, there is a valuation of closing balance of supplies in hand.
As per books = $4,000
As per inventory of supplies in hand = $4,750
The difference = $4,750 - $4,000 = $750
This will be recorded in Office supplies expense as in this account only the supplies are recorded.
Therefore correct option is
a. Office Supplies Expense a/c Dr. $750
