Matt Enterprises issued $200,000 of ten percent, five-year bonds with interest payable semiannually. Determine the issue price i

Answer:

Which one of the following statements about competitive advantage sources is true?

It is feasible to enhance both quality and speed.

Explanation:

Enhancing quality while simultaneously increasing speed is achievable; competitive advantage leads to improvements in quality due to competition from other entities, as well as a faster pace to surpass rivals.

I would choose option C.

Answer:

A democratic leader

Explanation:

A democratic leader is characterized by a participative approach to leadership, representing a shared form of leadership where decisions are made collectively by all leaders.

In this scenario, everyone within the organization or company has the right to contribute and share new ideas or perspectives.

Therefore, in the context of the question, Grey is depicted as a democratic leader since he gathers all department heads to engage in the decision-making process.

Answer:

C) $88,000

Explanation:

A period cost refers to expenses that cannot be capitalized through inventory or other assets.

Under the variable costing method, fixed costs are classified as period costs.

Fixed costs:

Fixed manufacturing overhead: $60,000

Fixed selling and administrative expense: $28,000

Answer:

A) $76500

B) $72500

C) $24750

D) tax refund of $260

Explanation:

A) Determine the gross income for Marc and Michelle

Marc has a salary of $64000

Michelle earns $12000

from bonds, they gain an interest of $500

Consequently, total gross income = 64000 + 12000 + 500 = $76500

B) Now, calculate the adjusted gross income for Marc and Michelle

Gross income totals $76500

Moving expenses allowable = $2500

Alimony paid to ex-spouse = $1500

Adjusted gross income = 76500 - 2500 - 1500 = $72500

C) Compute the total deductions from AGI for Marc and Michelle

Standard deduction = $12600

itemized deductions = $6000

Personal and dependency allowances = $12150

To derive the Deductions from AGI, one needs to sum the personal and dependency allowance with the standard deduction (selecting the greater value between standard and itemized deductions).

= 12600 + 12150 = $24750

D) Now find Marc and Michelle's taxable income

Adjusted gross income is $72500

Deductions based on itemized amount = $24750

Thus, taxable income = 72500 - 24750 = $47750

E) Finally, ascertain if Marc and Michelle are due a tax refund or owe taxes for the year

Tax rate notes:

for income between $18451 to $79000: tax rate is $1845 plus 15% on income exceeding $18450

Taxable income is $47750

Tax obligation = 1845 + (47750 - 18450) * 15% = $6240

Child tax credit totals $1000

Taxes withheld amounts to $5500

Tax refund is calculated as tax obligation minus child tax credit minus withheld taxes

6240 - 1000 - 5500 = $260

thus, a tax return amounting to $260 will be issued