Chapter 6

Problem 1: Solution 1. valueable IncomeTax Rate $0 - $20,00010% $20,000 - $50,000$2,000 + 20% of the amount everyplace $20,000 > $50,000$8,000 + 30% of the amount over $50,000 basic $20,000 × .10 = $ 2,000 Next$30,000 × .20 = $ 6,000 Next$10,000 × .30 = $ 3,000 Total$60,000 $11,000 = Total Tax obligation 2.Federal Income Taxes / Taxable Income = Average Tax Rate = $11,000 / $60,000 = 18.33% Problem 2: Solution The luck terms of building a stark naked lodgement facility on this land is the best gone(a) opportunity of selling the land today for $500,000 net of appraise. hard currency Flow merchandising price$500,000 $500,000 salute 100,000 Gain on sale 400,000 Incr. tax rate 0.3 -120,000 Net cash campaign $380,000 Problem 3: Solution 1.The account expenses of the rooms section numerate $21,450. These expenses accept the paysheet and related expenses of $20,000 and other expenses of $1,450. 2.Overhead expenses total $77,356. These expenses include both expense other than the direct expenses of the pull in centers. Therefore, the overhead expenses include the undistributed operating expenses, fixed charges, and income taxes. 3.

cost governable by the GM and by those under his/her oversight include both expenses prior to gross operating profit. Thus, the undistributed operating expenses and direct be of the profit centers are the controllable expenses. 4.The fixed costs are the fixed charges of rent, property taxes, insurance, interest, and depreciation. separate expenses also whitethorn be fixed, but further investigation would be required! . 5.The cost of sales is considered to be a variable quantity expense. Problem 4: Solution 1. Electric ExpenseOccupancy % High calendar month (August)$7,200 78% Low Month (December)$5,500 50% $1,700 28% mixed cost Difference / Occupancy % Difference = Variable Cost per 1% of Occupancy = $1,700 / 28% = $60.71 2. December Occupancy % ×...If you neediness to get a full essay, order it on our website: OrderCustomPaper.com

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