New Town Instruments is analyzing a proposed project. The company expects to sell 1,600 units, ±3 percent. The expected variable
cost per unit is $220 and the expected fixed costs are $438,000. Cost estimates are considered accurate within a ±2 percent range. The depreciation expense is $64,000. The sales price is estimated at $647 per unit, ±2 percent. What is the sales revenue under the worst-case scenario?
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During 2014, Jack and Mary Bronson paid the following taxes:
Taxes on residence (for period January 1 to September 30, 2014) $2,700
State motor vehicle tax on value of the car 360
The Bronsons sold their house on June 30, 2014, under an agreement in which the real estate taxes were not prorated between the buyer and sellers. What amount should the Bronsons deduct as taxes in calculating itemized deductions for 2014?
Note that for the estate taxes not to be prorated between the buyer and sellers implies that they were not allocated.
Under US tax law a deduction is allowed for state and local personal property taxes.
Based on facts, The Bronsons owned their property for 6 months of the 9-month period the taxes covered.
The Bronsons would pay $1,800 [$2,700 × (6 months ÷ 9 months)] for the residence tax. Plus the $360 tax on the motor vehicle tax.
Making a total of $2,160 ($1800 + $360) as taxes in calculating their itemized deductions.
(b) pay a $ 5 comma 000 down payment and finance the rest with a 0 % APR loan over 30 months.
In this case this is the best option to keep the lowest interests in your wallet, having to pay the whole thing for $18,000 that would start to generate interests in the credit card as for the day one, oaying just $5,000 and having the opportunity to finance the rest is the one that would let you generate the less interests in your credit card.
4. Estimates the decrease in the value of capital goods due to wear and tear over the year.
In accounting terms and in the business world, depreciation is defined as the systematic loss or reduction in value of a fixed asset or capital goods over time due to wear and tear. It is used in estimating the useful life or life expectancy of the asset. Examples of those fixed assets include, buildings, furniture, tractors, etc.