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the cost of one muffin is m the cost of three cupcakes is m i write an algebraic expression

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s ago. The reduced book value now stands at \$60,000. A new model of the machine is currently available for \$139,350. The new machine has a useful life of five years, at which time it will be sold for \$20,000. Using the new machine, the expected unit sales of the car jacks would be 6,000 car jacks per annum. The estimated unit selling price is \$35 for the first year. As a result of the COVID-19 pandemic in Singapore, JJ is experiencing labour shortage. JJ will have to transfer workers from another department to the new project. These workers earn a contribution of \$2 per direct labour hour in their original department. The fixed overhead cost would be \$2.20 per hour and this is expected to remain unchanged. JJ’s products are being sold to a distributor. The sales agreement allows the selling price to rise at the rate of 10 percent per year after the first year. The unit cost price, except for fixed costs, is expected to increase at the same rate as the selling price. Working capital requirements are expected to be \$15,000 in the first and second years, increasing to \$18,000 in the third year and is expected to remain at this level till the end of the project. All the amounts of working capital will be recovered at the time of project termination. The new project uses cutting-edge technology and so enjoys a tax holiday from the authorities. The drawback of using this high-risk approach is that the new project requires a minimum return of 27 percent per annum. Required: Identify the relevant cash flows for the decision as to whether JJ should proceed to purchase the new machine. Note: To show all workings with accompanying explanations. Word count requirement: 800
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re generally worth it. She can paint as many as 100 per year. The total cost is
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of time, but are generally worth it. She can paint as many as 100 per year. The total cost is
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t income of \$93,500 and she contributed \$9,800 to her Registered Retirement Savings Plan. (Assuming she has the RRSP contribution room from working in 2019). She was awarded a year-end bonus of \$10,000, all of which was payable in February 2021. [The bonus was received on February 10, 2021 – consider if the bonus should be included in employment income in 2020 or 2021 (cash or accrual basis)]. For 2020, her employer withheld maximum CPP (\$2,898) and EI (\$856) contributions. Tanya lived with her family in Lethbridge, Alberta. Other information pertaining to 2020 is as follows: Tanya’s spouse is 47 years old and his employment income for the year totaled \$45,500. Bob and Tanya have a daughter, Tammy, who is 3years old in 2020. Tammy was taken care of while Bob and Tanya worked during 2020 by Bob’s mother who is currently unemployed and retired. The family’s medical expenses for the year, all of which were paid by Bob, totaled \$3,355. Of this amount, \$300 was reimbursed by Tanya’s employer. During the year, Tanya made cash donations to registered Canadian charities in the amount of \$3,500 and Bob made \$200. (Consider whether Bob will have higher donation credit if he transferred the \$200 donation credit to Tanya or if he should use the credit on his return) During the year, Bob made contributions to federal political parties totaling \$1,150. Both Tanya and Bob earned rent income from their house basement rented out during 2020. The details of the rent activities are as follows: Rent income \$7,500 Repairs (Bathroom and Kitchen) \$1,080 Utilities (100% for the basement) \$1,320 Advertising the basement \$150 No Capital Cost Allowance is planned as they would like to maintain the entire house as a principal residence in the future. The net rental income will be shared jointly (50%) on their tax return in 2020. Required: Use the above information to determine Tanya and Bob’s Net income for tax purposes Federal tax payable before tax credit (Gross tax) Tax credits available Federal tax payable for 2020. (Do not consider provincial tax payable) Federal Tax Bracket Tax Bracket 2020 Tax Rate 2020 Tax Bracket 2021 Tax Rate 2021 Up to \$48,535 15% Up to \$49,020 15% \$48,536 to \$97,069 20.50% \$49,021 to \$98,040 20.50% \$97,070 to \$150,473 26% \$98,041 to \$151,978 26% \$150,474 to \$214,368 29% \$151,979 to \$216,511 29% \$214,369 and over 33% \$216,512 and over 33%
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esent the cost would be y=46+0.25x , where x is the number of miles traveled. a. What is your cost if you travel 59 mi? The cost is \$ 43.26 . b. If your cost was \$66.25 , how many miles were you charged for traveling? You were charged for traveling 66.51 miles. c. Suppose you have a maximum of \$100 to spend for the car rental. What would be the maximum number of miles you could travel? The maximum number of miles you could travel is Number
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