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1 year ago

Mr. Williams is employed by BDF Inc. Compute BDF’s 2017 employer payroll tax with respect to Mr. Williams assuming that:

Business

1 answer:

Paraphin [41]1 year ago

7 0

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.

Explanation

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

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Carla Vista Corporation is a lessee with a finance lease. The asset is recorded at $1040000 and has an economic life of 8 years.

julsineya [31]

Answer:

The amount of amortization expense the lessee would record for the first year of the lease is $131,125.

Explanation:

Since the lease agreement provides for the transfer of title of the asset to the lessee at the end of the lease term, this implies that the calculation of the amount of amortization expense the lessee would record will be based on the economic life of the asset. Therefore, we have:

First year amortization expense = (Amount at which the asset is recorded - Fair value at the end of 8 years) / Economic life of the asset = ($1,040,000 - $135,000) / 8 = $131,125

8 0

1 year ago

The following transactions occurred during the month of June 2021 for the Stridewell Corporation. The company owns and operates

daser333 [38]

Your answer will be D

8 0

1 year ago

A perfectly elastic demand curve implies that the firm: A) must lower price to sell more output. B) can sell as much output as i

dsp73

Answer:

A perfectly elastic demand curve means that the firm can sell as much output as it chooses at the current price.

Explanation:

The perfectly elastic demand implies that the demand curve is horizontal line parallel to the X axis. The price is fixed at a point and the firm can sell any amount of output at this point. The demand is infinite at the given price level. If the firm makes any changes in this price level, the demand will become zero.

4 0

1 year ago

RajDee Furniture Company (RFC) buys and sells office furniture. The company buys chairs from a manufacturer for $40 per unit. Or

skad [1K]

Answer:

(1) 2,28 units

(ii) 1,414 units

(iii) Minimum stock is less than EOQ.

Explanation:

(1) Units Ordered each time

$Economic\ order\ Quantity=\sqrt{\frac{2\times A\times O}{C} }$

where,

A = Annual Requirement =40,000 Units

O = Ordering Cost = $200 Per unit

Minimum Stock for lead time:

= (40,000 Units × 10) ÷ 365

= 1096 (Approximately)

C=Annual Carrying cost per unit = $40 × 10% × 1/2

= 2

$Economic\ order\ Quantity=\sqrt{\frac{2\times 40,000\times 200}{2} }$

= 2828 Units

(2) Average Inventory = EOQ ÷ 2

= 2828 Units ÷ 2

= 1,414 Units

(3) If the Lead time Increase 10 to 15 days:

Minimum Stock Need to be Maintained:

= Avg Daily Demand × Lead time

= (40,000 Units ÷ 365) × 15

= 1,644 Units

Minimum Stock is Less the EOQ , then Increasing Lead time to 15 Days Does not Have effect on EOQ.

8 0

1 year ago

Read 2 more answers

Reck Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to

madreJ [45]

Answer:

$17,867

Explanation:

The computation of the overhead cost assigned to Product V8 is shown below:

(a) (b) (a × b) c (a × b × c)

Overhead Activity Overhead Driver ABC V8 V8

driver amount quantity Rate Driver Overhead

Maching

Costs Machine

Hours $11,700 10000 1.17 3100 3627

Order

filling No of orders $17,800 1000 17.8 800 14240

Total V8 overhead cost assigned is

= $3,627 + $14,240

= $17,867

7 0

2 years ago