A case of delayed purchasing occurs when you're billed for a hot tub over 39 weeks while receiving the hot tub immediately. This resembles a car loan where you pay for the vehicle over time but can drive it home right after purchase. Therefore, the right answer is B.
Answer:
The available options are:
a. 4,800
b. 6,000
c. 5,400
d. 54,000
The correct option is D, $54,000.
Explanation:
The value of the award each year is calculated by multiplying the number of shares granted by the share's closing price at the year's end.
To clarify, the value of Collen's 900 shares awarded by her employer is $54,000 (900*$60).
Hence, option D, $54,000 is the right choice. The other options are incorrect as multiplying any closing price by 900 would yield an amount around $54,000, excluding figures like $4,800, $6,000, or even $5,400.
Answer:
The necessary tax reduction amounts to $13.33
Explanation:
The Tax Multiplier indicates the extent of change (decrease) in income resulting from a tax alteration (increase).
The formula for Tax Multiplier is Tax Multiplier = ΔY / ΔT = - MPC / (1- MPC)
Given: Required Change in Income [ΔY] = 40
The MPC is 0.75
Inserting into the formula;
40 / ΔT = - 0.75 / (1- 0.75)
40 / ΔT = - 0.75 / 0.25
40 / ΔT = - 3
Thus, ΔT = - 40/ 3
This leads to ΔT = - 13.33
Response:
Overall cost= $753.75
Details:
Given the following details:
The established overhead rates:
Assembly= $13 per direct labor-hour
Testing & Packaging= $9.00 per direct labor-hour.
The direct labor wage rate for the company is $16.00 per hour.
For Job N-60:
Assembly;
DM= 340
DL=180
Testing & Packaging:
DM= 25
DL= 40
To determine the applied overhead for each section, we first need to find the direct labor hours:
Assembly= 180/16= 11.25 hours
Testing= 40/16= 2.5 hours
Now, we can distribute the overhead:
Assembly= 11.25 hours*13= $146.25
Testing= 2.5 hours*9= $22.5
Overall cost= DM + DL + Allocated overhead
Overall cost= (340 + 25) + (180 + 40) + (146.25 + 22.5)= $753.75
