Answer:
1.5 years
Explanation:
The number of years for reaching the target value, it will be computed using the excel formula which is as:
=Nper(Rate,pmt,pv,fv,type)
where
nper is number of years
rate is 33%
Pmt is monthly payment which is $0
pv is present value which is -$11,000
fv is future value which is $17,200
type is 0
So, putting the values above:
=Nper(33%,0,-11000,17200,0)
=1.5 years
Therefore, the number of years it will take to reach the amount of $17,200 from investing $11,000 today is 1.5 years.
Answer:
The overhead for the year will be $245,000
Applied overheads in the year are $161,894 and Underapplied overheads are $83,106 total charged to cost of goods sold will be $245,000
Explanation:
Predetermined overhead rate = total estimated overhead / estimated direct labor-hours
Predetermined overhead rate = 244,200 / 9,200
Predetermined overhead rate = 26.54 per labor hour
Overhead for the year = Predetermined overhead rate X Actual Direct Labor hours
Overhead for the year = 26.54 x 6100
Overhead for the year = 161,894.00
Underapplied overheads = 245,000 - 161,894 = 83,106.00
The overhead for the year is $162,317.
To calculate the overhead for the year, we need to use the predetermined overhead rate based on direct labor-hours. The predetermined overhead rate is calculated by dividing the total estimated overhead by the estimated direct labor-hours. In this case, the predetermined overhead rate is $244,200 / 9,200 labor-hours, which is $26.57 per labor-hour.
To find the overhead for the year, we multiply the actual direct labor-hours by the predetermined overhead rate. In this case, the actual direct labor-hours are 6,100. So the overhead for the year is 6,100 labor-hours * $26.57 per labor-hour, which equals $162,317.
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Answer:
a. Taxable income/loss = (-$187500)
b. Current income tax benefit = $39780
Explanation:
Lets first understand the difference between reported income and taxable income. Reported income is the income earned by an entity during an accounting period which is calculated based on accounting rules and conventions whereas taxable income is calculated by tax authorities based on their own policies.
Now an important thing here to note is 'accounting concepts differ from tax policies (i.e permanent differences), so due to the differences in the policies two income figures are calculated separately by the entities following accounting conventions and tax authorities.
For example accounting follows the accruals concept which requires entities to record expenses and revenue in the period they are incurred whereas tax authorities might be following a cash basis of accounting so they wouldn't be allowing any expenses that are non-cash, such as accounting depreciation which is replaced by tax depreciation.
Now coming to the calculation, taxable income is calculated by adding back non-cash items, deducting items that are tax-exempt and adding back items that are dis-allowable under tax authorities.
The taxable income is calculated as follows;
Pretax book income = $752500
less: tax depreciation = (-$620000)
less: tax-exempt income = (-$320000)
Taxable income/loss = (-$187500)
Burhcham corporation has made a loss of (-$187500) which means Burcham has no tax liability this year.
Assuming a tax rate of 34% and that tax losses can be carried backward.
A tax relief could be claimed by Burhcam corporation as follows.
Burcham corporation's prior-year taxable income was $117000 so the tax relief is equal to $117000×34%=$39780
Current income tax benefit = $39780
The remaining $70500 ($187500 - 117000) net operating loss will be recorded as a deferred tax asset with the amount of tax (i.e $70500×34%) $23970.
Answer:
(A) Mastering nonverbal signals will allow you to "read someone like a book."
Explanation:
Nonverbal communication refers to all the ways peop`le can communicate without using language like:
It is more probably that people inccur into nonverbal language without know they do so. In most of the time is unconsciosly
Anyway, mastering will not allow you to fully understand people entirely, people are different and they can expresse something but think different. And this is also applicable to nonverbal communication.
Answer:
The false statement is Mastering nonverbal signals will allow you to "read someone like a book."
Explanation:
Nonverbal signals tell us a lot about a person and his behavior and personality, but we cannot say that triumphing can let us flip through someone like a book.
Most of the time, nonverbal signals are inadequate without verbal communication, and nonverbal signals don't tell us with assurance regarding anything.
Learn more about nonverbal communications refer:
Answer:
Instructions are below.
Explanation:
Giving the following information:
Direct material:
Standard= 7.40 pounds $ 2.60 per pound
Actual= 12,100 pounds of material were purchased for $2.50 per pound.
Direct labor:
Standard= 0.45 hours $ 8.00 per hour
Actual= 575 hours of direct labor time were recorded at a total labor cost of $5,750
Units produced= 1,500
To calculate the direct material price and quantity variance, we need to use the following formulas:
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (2.6 - 2.5)*12,100
Direct material price variance= $1,210 favorable
Direct material quantity variance= (standard quantity - actual quantity)*standard price
standard quantity= 1,500*7.4= 11,100
Direct material quantity variance= (11,100 - 12,100)*2.6
Direct material quantity variance= $2,600 unfavorable
To calculate the direct labor efficiency and rate variance, we need to use the following formulas:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Standard quantity= 1,500*0.45= 675
Direct labor time (efficiency) variance= (675 - 575)*8
Direct labor time (efficiency) variance= $800 favorable
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Actual rate= 5,750/575= $10
Direct labor rate variance= (8 - 10)*575
Direct labor rate variance= $1,150 unfavorable
b.backward integration.
c.forward integration.
d.horizontal acquisitions.
Answer:
a. unrelated diversification.
Explanation:
Unrelated diversification -
According to this concept , any company or any business , which can have very high financial condition and high revenues , is favorable for diversification , is referred to as unrelated diversification .
From the scenario of the question,
As there is significant reduction in the demand of watches , and therefore , the company is thinking to develop some products other than watches , to maintain the profit and demand of the product .
Hence , the correct option is a. unrelated diversification .