Answer:
Manufacturing overhead for July will be $55000
Explanation:
We have given budgeted labor hour in month of July = 20000
Variable overhead rate = $5
So variable manufacturing overhead = 20000×$5 = $100000
Fixed manufacturing overhead = $25000
Now total manufacturing overhead = $100000+$25000 = $125000
Depreciation expense = $7000
So manufacturing overhead for July = $125000 - $7000 = $55000
Answer:
The demand for money falls and the interest rate falls.
Explanation:
Price level can be described as the evaluation of the amount in which goods and services are sold in the market. A change in the price level can greatly affect the demand of a customer either positively or negatively.
A decrease in the price level enables a customer to purchase more products and at the same time save some amount of money, this results in the reduction of interest rates.
When the price level reduces, individuals will need less amount of money to buy the same quantity and type of product.
Answer:
I took some work home because I had to meet an important deadline the next morning. If I am able to finish the work on time and do it correctly, then there is a chance of getting either a promotion or a pay raise. If I cannot complete it on time, I will not get fired, but any chances of a promotion or pay raise in the near will vanish.
Since I was working at home, I couldn't prepare anything for dinner, so I decided to buy food on a website and get it delivered home. I spent $20 on my dinner, even though I could have prepared a similar dinner for $5.
I was willing to pay for the expensive meal because the opportunity cost of preparing dinner instead was too high. I can afford to pay $15 more for eating, but I cannot afford to lose the opportunity of a promotion or a pay raise. Even if I do not get them immediately, not completing my job would have made it much harder to get it in the future.
My decision is rational because I was sacrificing a small amount of money in order to preserve something that is really valuable for me (promotion or pay raise).
All resources are scarce, and in this case, time was scarce. So I had to decide which action was more valuable and which action could yield a higher benefit.
Answer:
The correct option is A,$8.10
Explanation:
The post merger earnings per share of the combined business is the post merger earnings divided by the post merger weighted average number of shares .
Post merger earnings is $43,740,000
Post merger number of shares is combination of Essex shares before merger plus the equivalent shares given to Twinsburg shareholders in the new company.
Essex shares 5,000,000
Twinsburg(0.4/1*1,000,000) 400,000
Total post merger shares 5,400,000
Earnings per share post merger= $43,740,000/5,400,000=$8.10
The correct option is A.
The tax laibility as calculated is $1036.
<u>Explanation:</u>
a.) Carson earnings $14000
Less: the Standard deduction $12000
Taxable income $2000
Tax liability $200
b.) Carson earnings $14000
Qualified dividend income $5000
Gross income $19000
less: Standard deduction $12000
Taxable income $7000
Taxable income taxed at carson rate $2000
($7000 minus $5000)
Ordinary Tax $200
Kiddie Tax is calculated as follows:
Gross unearned income
unearned income $5000
Kiddie tax up to 2600 $260
Kiddie tax for over and above 2600 $576
$836
Total tax liability ($200 plus $836) $1036
