Given that the mark up is 3 / 8, what would be the margin? 1 / 5 1 / 11 3 / 5 3 / 11
Q: What self-employment tax rate is applied to earnings that exceed $142,800 in a year and also do NOT…
A: Self-Employment Tax: Taxes for Social Security and Medicare are combined into a single payment…
Q: What is the total Medicare tax rate for an employee who is subject to both standard Medicare tax and…
A: 1. Normal medicare tax rate is 1.45% and additional medicare tax rate is 0.9% So total medicare tax…
Q: Budgeted sales are 1,400 sets for the first quarter and expected to increase by 150 sets per…
A: Sales- The amount of money received by a corporation during a given period from the sale of goods or…
Q: Sunspot Beverages, Limited, of Fiji uses the weighted-average method in its process costing system.…
A: "Since you have asked multiple questions, we will solve first three sub parts for you. To get…
Q: How to journalize entries from accounting for sales with frieght transaction
A: The journal entry is a way of recording business transactions. It is the event when business…
Q: IFRS11-1 On May 10, Romano Corporation issues 1,000 shares of $10 par value ordinary shares for cash…
A: A record is often kept in the accounting records, but it can also be kept in a single account,…
Q: The company purchased 550,000 merchandise for account and 220,000 for cash. transportation costs…
A: Net purchases = Gross purchases + transportation costs - purchase returns and allowance - purchase…
Q: Debt issuance costs are: Accounted for as a deduction from the equity balance on the balance sheet…
A: Debt Issuance costs Accounted for as a deduction from the equity balance on the balance sheet
Q: X applies overhead on the basis of direct labor hours (DLH). Datas are given: Budgeted overhead…
A: Applied overhead = Actual overhead - underapplied overhead = $200,000 - 50,000 = $150,000
Q: Native Wood Products Ltd sells hand-made coffee tables. The shop owner has divided sales into two…
A: The contribution margin is calculated as difference between sales and variable costs. The break even…
Q: decides which of three mutually exclusive products to make in its roducts is shown in the following…
A: Throughput return ratio refers to the form of ratio which reflects the comparison between the actual…
Q: A pair of shoes is been sold for $38.49. b) The following option represents the best tax estimation…
A: Disclaimer: "Since you asked multiple questions in a single question hence we solved the first…
Q: Problem 8 April, May and June decided to form a partnership on January 1, 2018 to operate a retail…
A: Partnership is one of the form of business organisation, under which two or more than two persons…
Q: Fellows and Marshall are partners in an accounting firm and share net income and loss equally.…
A: Return on equity: Return on equity for the partner is calculated by dividing the Net income by the…
Q: 2, 3) produces and sells custom parts for power The company uses a costing system based on actual…
A: Absorption costing is used according to GAAP requirement whereas variable costing system if used for…
Q: ne reason why corporations issue preferred stock is to raise money without giving up control, as…
A: Preferred stockholders does not have voting rights.p Preferred shares receive a fixed amount of…
Q: . What tax is used by the federal government to provide unemployment compensation to individuals who…
A: The Federal Unemployment Tax Act, more often referred to as FUTA, is a piece of law that levies a…
Q: [CLO-6] A company XYZ with a capital investment-$80,000, and the projected yearly savings are tabled…
A: The payback period is the amount of time an asset's takes to pay back the amount invested in it.…
Q: Part B Frodo Ltd owns 35% of Pippin Ltd, with the remaining shares owned by the Baggins family. The…
A: When one company has sufficient amount of voting rights in another company the said company is known…
Q: Malume Ltd manufactures and sells a special cellphone for $20. The summarized income statement from…
A: Breakeven point (BEP) refers to the level of sales (either in amount or units) to be made where the…
Q: QUESTION 3 Statement of Financial Position as at 31 December 2019 H S Ordinary Share Capital…
A: Working Calculation of Goodwill & NCI:
Q: Administrative Expenses $ 250,000 Building 1,025,000 Cash 97,000 Cost of Merchandise Sold 1,400,000…
A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…
Q: Q.1 Company offered 10,000 ordinary shares of Rs. 10 at Rs. 12. Company received 8,000 shares…
A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…
Q: 10 March Olga withdrew cash, $300 15 March Purchased goods on credit, $200 31 March Received cash…
A: The journal entries are prepared to keep the record of day to day transactions of the business on…
Q: A professional services firm has been analysing the cost of collecting management information by…
A: The cost of a firm's direct data capture is 5000$
Q: Question. What are Operating and non-operating expence?
A: Operating expenses are the expenses which incurred in normal course of business. Non operating…
Q: Suka Tenis Group manufactured 100,000 tennis rackets in 2022 and reported the following costs: RM RM…
A: Cost of goods sold means the cost incurred on the manufacturing or purchase of goods which has been…
Q: Problem 7 On March 1, 2018, X and Y formed a partnership. The partners contributed the following X Y…
A: Partnership is one of the form of business organisation. Under this, two or more than two persons…
Q: Native Wood Products Ltd sells hand-made coffee tables. The shop owner has divided sales into two…
A: Contribution margin is = Sales price less all variable cost of production and sales process. In…
Q: Novak Auto Suplies Balance Sheet December 31, 2020 Cash Prepaid Insurance Accounts Receivable…
A: The balance sheet represents the financial position of the business with assets, liabilities and…
Q: mr saeed started his business with cash Rs 130,000 Furniture rs 40000 and Building Rs 2,00,000 on…
A: Introduction: Transactions are recorded in a journal, are said to be the original journal, and are…
Q: On January 1, 2023, the stockholders’ equity section of Kay Corporation shows common stock ($7 par…
A: Introduction: Ownership of a company is represented by shares. When someone purchases stock in your…
Q: iarism please Q1. Limited liability is a we
A: Partnership refers to the legal form of agreement between two or more persons who decide to run the…
Q: vet income 9 Units sold = 8700 games units Selling price per unit = $ 69 Variable expenses = $ 49…
A: Net income is calculated by deducting all the variable costs and fixed costs from the sales. It is…
Q: A firm's stock has a beta of 1.75, Treasury bills yield 3.8%, and the market portfolio offers an…
A: Risk Premium: The rate of return on an investment that is in addition to the risk-free rate of…
Q: During the month of May 2022, Kingsway Ltd's employees earned total salaries and wages of $50,000.…
A: The following information given in the question: During May: 1. Total salaries and wages earn of…
Q: Lewis Corporation Lewis Corporation had traditionally used the FIFO method of inventory valuation.…
A: In case of increasing value of inventory purchase LIFO method of inventory give less profit and in…
Q: IFRS11-1 On May 10, Romano Corporation issues 1,000 shares of $10 par value ordinary shares for cash…
A: Introduction: Journals: All the business transactions are to be recorded in journals. Journals are…
Q: 1. Create and Income Statement with schedules for BLAZING ENTERPRISES for the Year Ended December…
A: Income statement is one of the type of financial statement, which is generated for reviewing…
Q: The first cost of a machine is P1,800,000 with a salvage value of P300,000 at the end of its life of…
A: Rate of depreciation under declining balance method = 1useful life ×100 = 15×100 = 20% Sum of useful…
Q: Famous detergents 2019 income statement showed pretax accounting income of 1,500,000. To compute…
A: Deferred tax can be future tax liability or asset for an organisation with respect to differences…
Q: Forecasted Statements and Ratios Upton Computers makes bulk purchases of small computers, stocks…
A: AFN=((A0S0)×(S1-S0))-((L0S0)×(S1-S0))-(M×S1×b) Where; A0=Current assets S0=Sales S1=New Sales…
Q: Production department records show the following: beginning work in process of 25,000 units (100%…
A: The equivalent units are calculated on the basis of percentage of the work completed during the…
Q: An item is originally priced to sell for $85 and is marked down 40%. A customer has a coupon for an…
A: Introduction: If any discount is given on the selling price then new selling price is derived after…
Q: Adams Company is a retail company that specializes in selling outdoor camping equipment. The company…
A: Hi student Since there are multiple subparts, we will answer only first three subparts. Budgets are…
Q: Business Solutions sells upscale modular desk units (60% of sales) and office chairs (40% of sales).…
A: Contribution margin per unit = Selling price per unit - Variable Cost per unit
Q: On January 1, Concord Corporation had 172000 shares of $10 par value common stock outstanding. On…
A: The process of recording business transactions in the books of accounts for the first time is…
Q: 5" Journal entry 1 March Olga started the business with $30,000 in cash 2 March Bought goods for…
A: Journal entries are record of business transactions of a company in a particular format by following…
Q: Key issues to consider when auditing a consolidated account
A:
Q: Humanics Ltd is considering a proposed investment to manufacture medical equipment for a large-scale…
A:
. Given that the mark up is 3 / 8, what would be the margin?
- 1 / 5
- 1 / 11
- 3 / 5
- 3 / 11
Step by step
Solved in 2 steps with 1 images
- • Use the below information to fill out the income statement and answer the questions 4-10 below: Selling Price per Unit Number of Units Total Dollars Sales Revenue $40.00 Variable Costs |600,000 Contribution Margin Fixed Costs 240,000 Net Income If OPEARATING LEVERAGE is 5 4. What is Net Income ?Given the following data, what is the coefficient of variation? t, R_t 1, 21.01% 2, -13.83% 3, 15.67% 4, 0.88% 5, -1.32% Express your answer in decimal format.Which of the following would be considered the weakest current ratio? A. 0.25 B. 1 C. 1.35 D. 1.9
- How do we calculate 14.3 B in this question.What is the value of (F/A, i, N) if (P/A, i, N) = 6.1343? O a. 3.0672 O b. 5.5209 O c. 6.1343 O d. 1.0000 O e. 36.3400what is the Fraction of the total value? I do not understand how do you get the number that divides example =b3/5153 where do you get 5153
