In a transaction that qualifies under Section 351, Buster transfers an asset with a basis of $50,000 and a fair market value of

Response:

Net operating profit equals 102,000

Explanation:

Based on the following data:

Selling price per unit is $ 71

Manufacturing costs:

Direct materials cost $ 12

Direct labor cost $ 6

Variable manufacturing overhead is $ 3

Annual fixed manufacturing overhead totals $ 264,000

Selling and administrative expenses:

Variable selling/admin expenses per sold unit are $ 4

Annual fixed selling/admin expenses total $ 74,000

Year 1

Starting inventory numbers 0

Units produced throughout the year are 11,000

Sold units during the year total 8,000

Ending inventory numbers 3,000

Year 2

Beginning inventory equals 3,000

Units manufactured for the year total 12,000

Units sold throughout the year are 14,000

Ending inventory is 1,000

Unitary cost is calculated as: (12 + 6 + 3) + (264,000/11,000)= $45

Income statement details:

Sales total = (8,000*$71)= 568,000

COGS total = (8,000*45)= 360,000 (-)

Gross profit = 208,000

Variable selling/admin costs = (4*8000)= 32,000 (-)

Fixed selling/admin costs = 74,000 (-)

Net operating profit rounds to 102,000

Answer:

The overall expenditure for transporting the containers to the U.S. amounts to $2,594,930

Explanation:

Consider the following details about Company WWG:

Total Current volume (CBM) = 190,000

Percentage shipped directly = 0.89

Volume shipped directly (CBM) = 169,100

Volume at consolidation center = 190,000 - 169,100 = 20,900

To compute the shipping expenses for the company as outlined below:

Shipping Cost calculations

Direct shipping by Container type (in Feet) 20 40

Volume (%) 0.21 0.79

Volume (CBM) = 169,100*0.21 =169,100*0.79

= 35,511 =133,589

Container capacity utilized 85% 85%

Container center by container type

Volume (%) = 100

Volume (CBM) = 20,900

Container capacity used = 96%

Container capacity (CBM) (34)

Containers shipped = 35,511/ (34*0.85) = 1,229

Shipping Cost per container = $480

Shipping Costs by container size ($) = 1,229*480 = $589,920

Container capacity (CBM) (67)

Containers shipped = 133,589/ (0.85*67) + 20,900/ (0.96*67) = 2,671

Shipping Cost per container = $600

Shipping Costs by container size ($) = 2,671*600 = $1,602,600

Calculate the total shipping cost as follows:

Total shipping fees = $589,920 + $1,602,600 = $2,192,520

Determine the operating costs for the consolidation center as follows:

Number of centers = 4

Annual fixed cost per center = $75,000

Total annual fixed costs = $75,000*4 = $300,000

Variable cost per CBM = $4.9

Total annual variable cost = 20,900*$4.9 = $102,410

Total annual consolidation center expenses = $300,000+$102,410 = $402,410

Now compute the complete cost of moving containers to the U.S. as below:

Total Cost = Total Shipping Fees + Total Annual Consolidation center Expense

= $2,192,520 + $402,410

= $2,594,930

Thus, the entire cost involved in shipping the containers to the U.S. is $2,594,930.

Answer:

Shirly is a good fit for careers in law, public safety, and security.

Explanation:

The professions in law, public safety, and security align closely with the characteristics noted in Shirly's evaluation, reflecting her qualities of justice, security awareness, and physical fitness to handle risky situations, all of which benefit the community she serves.