Bonus Obligation
Raymond Moss, vice president of Moss Auto Parts, gets an annual bonus of 16% of any income, before deducting bonus and income taxes, above $100,000. Income before bonus and income taxes is $304,000. The effective income tax rate is 30%.
Required:
1. Compute the amount of Raymond Moss's bonus.
Bonus = $____________
2. Compute the income tax expense.
Income tax expense = $____________

Answers

Answer 1

Raymond Moss, vice president of Moss Auto Parts, gets an annual bonus of 16% of any income, before deducting bonus and income taxes, above $100,000. Income before bonus and income taxes is $304,000. The effective income tax rate is 30%. Required: 1. Bonus = $32,640

Raymond Moss’s bonus is computed as the excess of $100,000 of income before bonus and income taxes. In other words, the income before bonus and income taxes of $304,000 minus $100,000 is the amount upon which the bonus is computed.

Bonus=excess of income before bonus and income taxes rate of bonus

Income before bonus and income

Taxes.=$304,000-$100,000

Income before bonus and income

Taxes.=$204,000

Bonus rate=16%

Bonus=$204,000×16%

Bonus=$32,640

Bonus, refer to something extra beyond stipulated payment. A bonus is a gift to reward performance, paid either by a private employer or by a government: a bonus based on salary; a soldiers’ bonus.

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Related Questions

Evaluate whether Min-Chul is right to focus more on non-financial motivators than financial
motivators to attempt to motivate employees.

Answers

The most prevalent financial motivations occur at work and entail monetary rewards. These are your extrinsic motives, often known as carrots and sticks, which are used to encourage and reward employees for specific achievement behaviors.

Financial incentives drive workers and make them aware of what they stand to gain or lose depending on their performance when they are effectively conveyed. The employee can more easily provide for their families and materially better their lives outside of work thanks to this kind of inducement. Financial incentives can also raise short-term morale and productivity.

Naturally, not everyone is driven by money, and Gallup has discovered that there is no connection between engagement and pay scale. In addition, because of their monetary character, financial motivators frequently have declining returns. Less frequent non-financial motivators are frequently intangible and do not explicitly involve money. These can take various forms, such as acknowledgment, increased accountability and faith in a position, involvement in decisions, adaptable schedules, mentoring, feedback, and others.

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Paying off your debts will most likely____ your credit score.

A. decrease
B. increase
C. ruin
D. not impact

Answers

Increase your credit score
Explanation: When you are on time with paying your bills, your credit score rises by paying off debts, taxes, car payments, house taxes and etc.

Answer:

increase

Explanation:

On the lines below, write an introductory paragraph about your topic of choice. Include a thesis statement, an introduction to at least three main points or arguments, a summary statement, and a transition statement. Make sure your work is well polished, neatly written, and free of grammar and spelling errors. If possible, create a rough draft first, edit your work, and then transfer the final introduction below.

Answers

Exercise business has several advantages for both physical and mental health, making it an essential part of a healthy lifestyle. Frequent physical activity can lower the chance of developing chronic diseases,

What makes exercise beneficial for business?

According to several studies, working out while at work may also improve output. Visiting the gym throughout work hours increased productivity, time management, and job satisfaction, according to a Leeds City University research.

How lucrative is a little gym?

A profitable gym can be one that attracts a diverse group of members and runs smoothly. A gym having 1,000 members who each pay $50 a month, for instance, could make $50,000 a month in revenue. The gym would make $30,000 per month if its monthly expenses were $20,000 and its monthly profit was $30,000.

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Who is most likely to be treated with deference, such as always getting the best seat in the conference room during meetings? vice president of sales sales rep sales assistant sales manager​

Answers

Answer: sales manager

Explanation:

Answer:

Vice PresPresident of sales

Explanation:

i took the test 100%

If the supply of a good increased, what would be the effect on the equilibrium price and quantity?

Answers

Answer:

An increase in supply, all other things unchanged, will cause the equilibrium price to fall; quantity demanded will increase. A decrease in supply will cause the equilibrium price to rise; quantity demanded will decrease.

If supply increases while all other factors remain constant, the equilibrium price will fall. The quantity demanded will rise. A decrease in supply raises the equilibrium price while decreasing the quantity demanded.

What is supply?

Supply is a fundamental economic concept that describes the total amount of a specific good or service that consumers have access to.

If displayed on a graph, supply can refer to the amount available at a specific price or the amount available across a range of prices. Changes in the supply curve shift the equilibrium price and quantity. If supply grows, equilibrium price falls and quantity grows.

Therefore, an increase in the supply will cause a reduction in equilibrium price and an increase in the quantity of a good.

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6. Blackberry announces that they are going bankrupt within the next 6 months. What happens to the demand for Blackberry
phones?

6. Blackberry announces that they are going bankrupt within the next 6 months. What happens to the demand

Answers

Your mom lol yahahajahahahahahahj

Which of the following is true of F a c e b o o k advertisements?
Question 13 options:

They're expensive and not well targeted.

They're affordable and highly targeted.

They're free and highly targeted.

They're expensive and only available to national brands.

Answers

they’re affordable and highly targeted.

I took the test and its They're affordable and highly  targeted 100%

Cloud computing allows:

people to see information in cloud format.

people to access information and applications from a web browser.

computers to have cloud circuits.

information and applications to be on the computer that people use.

Answers

Cloud computing enables information and applications to be stored and accessed remotely, providing users with increased accessibility, scalability, cost-effectiveness, reliability, and security.

Cloud computing allows information and applications to be stored and accessed over the internet instead of being stored on a local computer. This enables users to access their files and applications from any device with an internet connection.
Here are the key benefits of cloud computing:
1. Accessibility: With cloud computing, information and applications are not tied to a specific computer. Users can access their files and applications from anywhere, using any device, such as a laptop, smartphone, or tablet. This provides flexibility and convenience, allowing users to work remotely or collaborate with others easily.
2. Scalability: Cloud computing offers scalability, meaning that resources can be easily scaled up or down based on demand. Organizations can quickly increase or decrease their storage or computing power, avoiding the need to invest in additional hardware or infrastructure.
3. Cost-effectiveness: Cloud computing can be cost-effective for organizations. Rather than purchasing and maintaining expensive hardware, software, and infrastructure, organizations can use cloud-based services on a pay-as-you-go basis. This allows them to only pay for the resources they actually use, reducing upfront costs and ongoing maintenance expenses.
4. Reliability and security: Cloud service providers typically have robust security measures and backup systems in place, ensuring the safety and availability of data. This can provide better protection against data loss or system failures compared to relying solely on local storage.
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Goods that are still in the production process would be in which account?
A. Raw Materials Inventory.
B. Work in Process Inventory.
C. Finished Goods Inventory.
D. Cost of Goods Sold.

Answers

Answer:

b

Explanation:

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what is investing (economics)
BRAINLIST 70 POINTS​

Answers

Investing is an economic principle that involves taking a risk to buy and trade goods, stocks and funds in in hopes of making a profit. The key to making a profitable and successful investment is buying low and selling high. Investors should conduct careful reasearch when choosing which goods or companies to invest in based on factors such as how much annual revenue is generated and how much the amount of income fluctuates given circumstances in the market within a given time period

Cost centers are evaluated primarily on the basis of their ability to control costs and:_______.
A) Their return on assets.
B) Residual income.
C) The quantity and quality of the services they provide.
D) Their contribution margin ratio.

Answers

Answer:

C.

The quality and quantity of the services they provide

Explanation:

When we talk of cost centers in an organization, we refer to such as departments that does not contribute to the overall profitability of the organization but still cost the organization some amount to operate.

What this means is that although, they give no profit to the organization, they add to the total bill of the organization.

So how do we evaluate them?

Since they are not here for profitability, the measure of how they are relevant to the company is measured on two basis.

They are evaluated on their ability to control costs and also the quality and quantity of the services these centers provide

Use the following information to prepare a bank reconciliation for Young Company at June 30:

1. Balance per Cash account, June 30. $7,761.38
2. Balance per bank statement, June 30. 8,030.28
3. Deposits not reflected on bank statement. 797.50
4. Outstanding checks, June 30. 1,386.50
5. Service charge on bank statement not recorded in books. 12.10
6. Error by bank-Yertel Company check charged on Young Company's bank statement. 605
7. Check for advertising expense 275 incorrectly recorded in books as 572

Answers

Answer:

See photo.

Explanation:

Use the following information to prepare a bank reconciliation for Young Company at June 30: 1. Balance

Who here watches black butler (the anime show) also what is 500 x 44 +56 - 4 -9 x 566

Answers

Answer: 16,958

(I don’t watch anime)

Explanation:

Answer 16958 arrhhhhh I love black butler

The Jehan Division of a company manufactures and sells Product A. The current selling price
is $73 per unit. Per-unit costs are as follows:
Direct materials $ 5.00
Direct labor 6.00
Manufacturing overhead:
Variable 7.00
Fixed 8.00
Selling costs:
Commissions 1.00
Shipping 1.50
Fixed 1.00
$ 29.50

The contribution margin per unit is: $____________

CONSIDER THE FOLLOWING QUESTIONS
1. A special one-time order to purchase 20,000 units was recently received at a price of $60 per unit. There is enough capacity to fill the order and filling this order will NOT disrupt current operations. If BLUE accepts this order, variable manufacturing costs will be reduced by $5 per unit and variable selling costs (both commission and shipping) will go down by 80%.
Is there an opportunity cost to BLUE, yes or no, and WHY?
________ (yes or no)

Answers

Answer: yes

Explanation: i dont understand what you said below but its yes

Answer:

$20.50 per unit

Explanation:

The minimum acceptable selling price is equal to the variable cost per unit

Variable Cost per unit =$5.00+6.00+7.00+1.00+1.50 =$20.50

So the Minimum Selling Price shall be $20.50 per unit

The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.

Answers

The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.

1. The US Senate passed the 2022 Defense Authorization Act.

2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.

3. The total amount allocated for the Defense Authorization Act is $768 billion.

4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.

5. The Act represents a 5% increase in the US defense budget when compared to the previous year.

6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.

7. The Act was passed overwhelmingly, indicating strong support from the Senate.

8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.

9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.

10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.

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. Bursar
What the meaning of this word

Answers

Answer:

1.

BRITTISH

a person who manages the financial affairs of a college or university.

2.

SCOTTISH

a student attending a college or university on a scholarship.

Requirement 2. How much is the owner's equity of the property management company? Irene Chan has $ of equity in the property management company?



Answers

The information provided is incomplete as the amount of equity or any specific details about Irene Chan's investment in the property management company are not given. Therefore, without knowing the specific amount or percentage of equity Irene Chan holds in the company.

it is not possible to determine the exact value of the owner's equity or Irene Chan's equity in the property management company.Equity represents the ownership interest in a company and is calculated by subtracting the company's liabilities from its assets. However, since no information is provided regarding the company's liabilities, assets, or Irene Chan's investment.

We cannot calculate the owner's equity or determine Irene Chan's specific equity in the property management company.To accurately determine the owner's equity or Irene Chan's equity, it would be necessary to have additional information about the company's financial statements, investments, and any other relevant details regarding ownership stakes or capital contributions.

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What is a reason for corporations to use debt in capital financing?

Answers


Preserve company ownership

The main reason that companies choose to finance through debt rather than equity is to preserve company ownership. In equity financing, such as selling common and preferred shares, the investor retains an equity position in the business.

What is a difference between a cover letter and an introduction statement?

You only need to use formal language in an introduction statement.

A cover letter is typically submitted with a resume. An introduction statement is used with online applications.

Introduction statement are more detailed than cover letters.

A cover letter is much shorter than an introduction statement.

Answers

The difference between a cover letter and an introduction statement is that C. A cover letter is typically submitted with a resume. An introduction statement is used with online applications.

What is a cover letter?

Although they have a similar format, a cover letter and an introduction letter serve very different purposes. A letter of introduction informs a potential employer of your qualifications and expresses your desire to be considered for a position. In response to a recent job posting, a cover letter is written.

The main distinction is that a supporting statement is included in the application form and responds to questions like "Please explain why you are perfect for this role," whereas a cover letter is typically sent separately from your CV.

In a cover letter for a job application, you can introduce yourself personally and argue why hiring you would be wise. Include specific examples from your prior experience that show you are qualified for the position in your cover letter, which should be three paragraphs or less long.

Therefore, based on the information illustrated, the correct option is C.

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What is a bushiness opportunity?

Answers

Answer: You said it yourself, an opportunity.

Explanation:

A business opportunity is often used to describe a way for a business to make more money. It can also mean many other things such as hiring more employees, creating more roles, partnering with another company, etcetera.

But mainly used to make more money.

Write the quadratic equation in standard form that corresponds to the graph shown below.

Write the quadratic equation in standard form that corresponds to the graph shown below.

Answers

The quadratic equation of the graph in standard form is y = x² + 2x - 8

What is a quadratic equation in standard form?

A quadratic equation in standard form is given by y = ax² + bx + c

Given the graph below, to write the quadratic equation for the graph in s tandard form, we notice that the graph has two x - intercepts at

(-4, 0) and(2, 0)

The x - intercepts are the roots of the quadratic equation.

So, we have that

x = -4 andx = 2

So,

x + 4 = 0 andx - 2 = 0

So, the factors of the quadratic equation are

x + 4  andx - 2

So, multiplying the factors, we have that the equation is

y = (x + 4)(x - 2)

= x² - 2x + 4x + 4 × (-2)

= x² - 2x + 4x - 8

= x² + 2x - 8

So, the quadratic equation is y = x² + 2x - 8

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What are the three main factors that search engines look for when
delivering results on the search engine results page?
1.
2.
3.

Answers

Three main factors that search engine look for are Relevance, Distance, Prominence.

Relevance- The term refers to how well a website's information corresponds to a search query. Relevance criteria include visible text, images, and videos as well as content elements. Furthermore, meta elements such as title, meta description, and alt tags can be used to generate relevance.
Distance- Based on the user's browser information, distance determines how close the search user is to local businesses. The greater the distance between the search user and a local business, the more likely that business will appear in the local maps results.
Prominence- The location of a keyword on a page is said to influence search rankings. SEO experts recommend using the target keyword of a page early in order to benefit from a ranking signal known as keyword prominence.

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describe how commerce relate with industry and direct services​

Answers

industry provides the goods and services for distribution and thereby gives rise to commerce. As industry develops, trade and commerce also grow. Industry, commerce and trade are closely related to each other. For example, industry provides goods and services which are distributed through commerce.

Pat Jones is a college student who is planning some networking opportunities for the current l semester. Pat wanted to look
professional for these events and felt a new suit would be a real benefit; however, the cost for the first event ended up being $75 which was a strain on the budget. Pat did not want to attend the remaining three events in the same outfit, so a new strategy was developed. Instead of paying for new suits in cash, Pat decided to charge the suits on a credit card, wear them to the events, and then return them the next day for full credit.

1. Do you feel Pat's new strategy is ethical? Why or why not? Could there be any consequences with this strategy?
2. How will this new strategy impact the company/companies where the suits are purchased?
3. What journal entry/entries would the company have to record related to the return of the suit?

Answers

Answer:

1. I feel like Pat's new strategy isn't ethical. Pat doesn't pay for the suits; he just buys them and then returns them. Pat benefits, but the store he gets the suits from doesn't. In fact, they are harmed from this transaction because they are unable to have the suit for others to buy while Pat has it. There could be consequences with this strategy. For example, the suit might be damaged, and Pat won't be able to return it. Another problem is that others might find out about Pat's strategy, and they might view them as unprofessional. This is a problem for Pat since the reason Pat wore those suits was to look professional.

2. The stores are harmed from this transaction. They are unable to sell the suits to other buyers. The stores lose potential customers, so the stores lose potential money.

3. The companies should record that Pat had bought the suit only to return it the next day, so that they can act accordingly when Pat or someone else comes back to "buy" a suit.

Explanation:

The total cost of producing 15 tons of butter is $35000. If average variable cost is $530, then what is the firm's average fixed cost? (enter answer as just a number, no commas, dollar signs, or the like)

Answers

Answer:

$1803.33

Explanation:

average total cost = average variable cost + average fixed cost

average total cost = total cost / quantity = $35000  / 15 = $2,333.33

average fixed cost = $2,333.33 -  $530 = $1803.33

at the beginning of the year, a firm has current assets of 315 and current liabilities of 219. At the end of the year, the current assets are 467 and the current liabilities are 259. What is the change in net working capital

Answers

Answer:

at the beginning of the year, a firm has current assets of 315 and current liabilities of 219. At the end of the year, the current assets are 467 and the current liabilities are 259. What is the change in net working capital

Based on the current assets and liabilities at the beginning of the year and the end, the change in net working capital is $152

How did net working capital change?

Net working capital can be found as:

= Current assets - Current liabilities

Beginning of year net working capital:

= 315 - 219

= $96

End of year net working capital:

= 467 - 259

= $248

The change in net working capital is:

= 248 - 96

= $152

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What should you include on an income statement?

Select all correct answers.


1. income
2. expenses
3. net profit
4. all assets

Answers

All of the factors that have to be included in the income statement are:

1. income2. expenses3. net profit

What is meant by the income statement?

This is the term that is used to refer to the financial statement that would be made to show the revenue, the expenses and the profits that are made by a given company over a period of time. This is also called the earnings statement. It shows the revenue that is made from business.

Hence we can say that All of the factors that have to be included in the income statement are:

1. income2. expenses3. net profit

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What kind of business can you start without start up capital?​

Answers

Answer:

Blog or Vlog

Explanation:

you can start a daily life Blog in social media.

explain the importance of financial planning​

Answers

Answer:

Financial planning is a step-by-step approach to meet one's life goals. A financial plan acts as a guide as you go through life's journey. Essentially, it helps you be in control of your income, expenses and investments such that you can manage your money and achieve your goals.

Using the information from the table below, answer the following questions.

Production ⇔ Total cost
0 ⇔ 80
1 ⇔ 140
2 ⇔ 180
3 ⇔ 200
4 ⇔ 240
5 ⇔ 320
6 ⇔ 420
7 ⇔ 540
8 ⇔ 680

a. Total average costs for the production of 4 products.
b. Marginal cost for the production of the 6th product.
c. If its price is 100$, find the maximum profit for a perfectly competitive firm (MR=MC).

Answers

Answer:

this is the only thing i remember till now and im gonna use . for + okay

a. 80.140.180.200.240.320.420.540.680 ÷ 1.2.3.4.5.6.7.8

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