Baden Company manufactures a product with a unit variable cost of $100 and a unit sales price of $176. Fixed manufacturing costs were $480000 when 10000 units were produced and sold. The company has a one-time opportunity to sell an additional 1000 units at $140 each in a foreign market which would not affect its present sales. If the company has sufficient capacity to produce the additional units, acceptance of the special order would affect net income as follows:

a. Income would decrease by $8,000.
b. Income would increase by $8,000.
c. Income would increase by $140,000.
d. Income would increase by $40,000.

Answer:

d. Income would increase by $40,000

Explanation:

Calculation to determine what the acceptance of the special order would affect net the income

Net income=(Additional unit price*Additional units)-(Variable cost *Additional units

Let plug in the formula

Net income = ($140× 1,000)-($100×1,000)

Net income= $140,000-$100,000

Net income=$40,000 Increase

Therefore If the company has sufficient capacity to produce the additional units, acceptance of the special order would affect net income as follows Income would increase by $40,000

Pamelia (21) is a full-time undergraduate student pursuing an accounting degree at her state university. During the year, she received a $6,500, unrestricted scholarship, reported to her on Form 1098-T rather than Form W-2. She spent $5,500 of the scholarship funds on her current-year tuition, and she applied the rest to room and board. Pamelia also had income from a part-time job, and she is required to file a 2020 tax return. How does she report the scholarship on her Form 1040

Gloria works as a freelance software developer with Ticki-Tacker Limited, a social media firm based in the city of London. She has two options for the purpose of personal income tax assessment. She may be added to the payroll of Ticki-Tacker Limited under the PAYE system or allowed to be treated as a self-employed individual. OPTION 1: Gloria under the PAYE system She will be placed on an annual salary of £50,000, and she would be required travel to work from Mondays to Fridays throughout the year via train, except for four weeks in a year when she will be on annual leave. The annual train ticket costs £2,400. OPTION 2: Gloria as a self-employed Gloria is allowed to invoice Ticki-Tacker Limited, an annual fee of £50,000. This work involves travelling to clients’ offices for a total of 5,200 miles annually in her own car. This is estimated to cost 39p/mile. Assume that Gloria’s annual accounts cover April 2020 to March 2021. REQUIRED: a. Calculate the relevant income tax and National Insurance Contribution liability under each of the two options identified. b. Calculate the disposable income (after all deductions) under the two options identified. c. Apart from (a) and (b) above, analyse any other factors that you think Gloria may take into consideration (from a taxation perspective) in arriving at the best option.

Rent payments that are processed through a third-party network after March 11, 2021, should be reported to the taxpayer on:

Jessie's car broke down, and she needs to borrow money to pay for repairs. She wants to use her car as collateral for a short-term loan. This type of loan is called a ____.

A. title loan
B. line of credit
C. mortgage
D. payday loan

Arguments against industrial policy include all of the following except Select one: a. foreign industrial policy success has been variable. b. The need to rescue "sunset" industries. c. the need to promote "sunrise" industries. d. reduces market efficiency

Question 4
4-1) Consider any organization you are aware of from work, study, or the
media. How do they manage people? Do people in those organizations
feel important?

What were results of the federal government deregulating the airline industry in 1978, known as the Airline Deregulation Act?
(Select all that apply.)
A- Many small airlines went out of business.
B-Consumers gained better (lower) prices for airfare.
C- Large airlines were able to improve productivity.
D-Many small airlines were able to penetrate the market.

Spontaneous financing refers

Select the correct answer. Read this excerpt from a policy document that informs employees about payroll procedures: A) Each employee will submit a completed time sheet that shows the number of hours worked, sick time, and any vacation time taken. B) Managers must review each time sheet for accuracy and then sign it. The project director will then approve and sign each time sheet. C) If the company can’t directly deposit pay into employees’ bank accounts, the company will distribute payroll checks by 5 p.m. on the first Monday after the two-week pay period has ended. (D) The company will deduct taxes and benefits from pay. In which scenario would the company need to refer to the policy document?

You have a great idea for a business and are excited to get to work. You come across a similar business when doing searches online. Which of the following is the only thing you should NOT do at this information?
A. Learn what they did well and integrate aspects of it
B. Learn ways they haven’t been doing well to know what to avoid
C. Understand how to differentiate your business
D. Change your idea since it’s already being done

The value proposition is____

Following year five, you estimate that CCM's free cash flows will grow at 5% per year and that CCM's weighted average cost of capital is 13%. If CCM has $200 million of debt and 8 million shares of stock outstanding, then the share price for CCM is closest to:

The best life insurance policy for the payment of federal estate taxes for a 55-year-old couple with illiquid assets is:__________ A. AN individual whole life policy on each spouse on a cross-ownership basis B. A joint first to die life insurance policy owned jointly C. A jount last to die insurance policy owned by the spouse with the larger estate D. A joint and last to die insurance policy owned be an irrevocable life insurance trust

James is employed by a large corporation with 400 employees. The corporation provides its employees with a no-cost gym membership at the local public YMCA. The cost of the membership is $60/month, which is completely paid for by James' employer for all employees. How much, if any, must James include in his yearly gross income related to this fringe benefit

Fabian (16), will be claimed as a dependent on his parents' tax return. His only income during the year consisted of $10,000, which was his net profit from a lawn mowing business. What is Fabian's self-employment tax

Gene is looking for a loan so that he can buy a car. There are a few different banks where he can apply for a loan. What should he be looking for in a loan?
OA. a low interest rate
OB. a good credit score
OC. an open line of credit
OD. a differed payment plan

Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Beginning 10,000 Purchases 45,000 Available for use 55,000 Direct materials used 46,500 Ending 8,500 Work in Process Inventory Debit Credit Beginning 14,000 Direct materials used 46,500 Direct labor 27,500 Overhead 55,000 143,000 Cost of goods manufactured 131,000 Ending 12,000 Finished Goods Inventory Debit Credit Beginning 16,000 Cost of goods manufactured 131,000 Available for sale 147,000 Cost of goods sold 129,000 Ending 18,000 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year.

When buyers in a competitive market take the selling price as given, they are said to be a. monopolists. b. free riders. c. price takers. d. market entrants.

Using your credit card more means your debt will
A. stay the same
B. decrease
C. disappear
D. increase

Crane Company estimates that unit sales will be 8,000 in quarter 1, 11,200 in quarter 2, 12,000 in quarter 3, and 14,400 in quarter 4. Using a unit selling price of $68 per unit. Prepare the sales budget by quarters for the year ending December 31, 2022.

According to the figure, which point(s) would see tax revenues increase if the tax rate decreased?
O a. only c
O b.only B
O c. A and C
O d. B and C
O e. only A

5 year plan example for high school seniors

Dan and Lori Cole operated a Curves franchise exercise facility in Angola, Indiana, as a partnership. The firm leased commercial space from Flying Cat, LLC, for a renewable three-year term. The Coles renewed the lease for a second three-year term. Two years later, however, the Coles divorced and the partnership was dissolved. By the end of the second term, the Coles owed Flying Cat more than $21,000 on the lease. Without telling the landlord about the divorce, Lori signed another extension. More rent went unpaid. Flying Cat obtained a judgment in an Indiana state court against the partnership for almost $50,000. Can Dan be held liable? Why or why not?
1. In order to form a partnership, Dan and Lori were required to:____.
A. form an agreement between themselves to become a partnership
B. rewrite bylaws
C. conform to federal regulations
D. file minutes with the appropriate office in their state (e.g., secretary of state)
2. What is an important reason for Dan and Lori to form a partnership?
A. to be taxed at the entity level
B. to be considered a corporation under state law
C. to establish joint ownership and share profits and losses
D. to file articles of organization with the secretary of state.)
3. Dan and Lori are _____.
A. members
B. partners
C. shareholders of the partnership.
4. Limited liability companies are creatures of ___.
A. state constitutions
B. statute
C. case law
D. secondary sources
5. In order to form a limited liability company, Flying Cat would be required to file ____.
A. articles of organization
B. bylaws
C. regulations
D. minutes with the appropriate office in their state (e.g., secretary of state))
6. Generally, are limited liability companies required to include words or initials such as "limited liability company" or "LLC" as part of the company name?
7. What is an important reason for Flying Cat to form as a limited liability company?
A. to be taxed at the entity level
B. to be considered a corporation under state law
C. to protect the members from personal liability
D. to file articles of organization with the secretary of state)
8. Generally, the liability of members of Flying Cat, LLC, would be limited to their respective?
A. ownership interests in the company
B. investments in the company
C. personal assets
9. Did both Dan and Lori operate the Curves franchise as a partnership?
10. When Dan and Lori renewed their commercial lease for a second three-year term, were they still a partnership?
11. Dan and Lori divorced ____.
A. before
B. after the end of the second three-year term.
12. When Lori signed for another extension, did Lori or Dan tell Flying Cat about the divorce?
13. At the time of signing of the extension, it was ___.
A. reasonable
B. unreasonable for Flying Cat to believe that Dan and Lori remained partners in the Curves franchise.
14. A court would likely find Dan ____.
A. liable
B. not liable for $21,000 of debt that accrued before the end of the second term.
15. Would a court likely hold Dan responsible for the remaining debt that accrued after the extension signed by Lori?
16. Why? Flying Cat would have _____.
A. reasonably
B. reasonably believed that both Dan and Lori were partners at the time the extension was signed.
17. Therefore, would Dan likely be held liable by the court for the nearly $50,000 debt the partnership accrued?
18. What if the facts were different? Assume that Dan notified Flying Cat that he was no longer a partner in the partnership at the time Lori signed the extension. Would Dan likely be held liable for any debts after Lori signed the extension agreement?
19. Why? Flying Cat _____.
A. would
B.would not have been reasonably notified that Dan was no longer a partner in the partnership.

If a process only has random variations, then 95.5% of the time the sample averages will fall within approximately

1 standard deviation of the population mean

2 standard deviation of the population mean

3 standard deviation of the population mean

4 standard deviation of the population mean

In the long-run, the supply of high-skill is perfectly elastic.

Select one:
True
False

A company has sales of $375,000. Its gross profit is $157,500, and total expenses of $75,000. Its cost of goods sold equals

HELP

A supply curve is opposite of a demand curve. From which point -of -view does a supply curve make the most sense?

responsible for the overall performance of an organization or one of its
major self-contained subunits or divisions.*
General Manager
Functional Manager
Front-line Manager
СЕО

Discuss how brainstorming can be used in developing new enterprise ideas.

Kennedy, Inc. reported the following data: Net income $128,451 Depreciation expense 12,655 Loss on disposal of equipment (8,582) Gain on sale of building 20,190 Increase in accounts receivable 9,009 Decrease in accounts payable (3,174) Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash outflows, a decrease in cash, cash payments, or any negative adjustments. Kennedy, Inc. Statement of Cash Flow Cash flows from operating activities: $- Select - Adjustments to reconcile net income to net cash flow from operating activities: - Select - - Select - - Select - Changes in current operating assets and liabilities: - Select - - Select - Net cash flow from operating activitiesomPrepare the cash flows from operating activities section of the statement of cash flows using the indirect method. Refer to the list of Amount Descriptions for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.
Statement of Cash Flows (partial)
1 Cash flows from operating activities:
2
3 Adjustments to reconcile net income to net cash flow from operating activities:
4
5
6
7 Changes in current operating assets and liabilities:
8
9
10