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 rootage $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 mod lodgement facility on this land is the best gone(p) opportunity of selling the land today for $500,000 net of appraise. property Flow merchandising price$500,000 $500,000 salute 100,000 Gain on sale 400,000 Incr. tax rate 0.3 -120,000 Net cash menstruate $380,000 Problem 3: Solution 1.The account expenses of the rooms segment good $21,450. These expenses accept the paysheet and related expenses of $20,000 and other expenses of $1,450. 2.Overhead e xpenses total $77,356. These expenses include both expense other than the direct expenses of the usefulness centers. Therefore, the overhead expenses include the undistributed operating expenses, fixed charges, and income taxes. 3.

be controllable by the GM and by those under his/her supervising 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 f urther investigation would be required. 5.T! he cost of sales is considered to be a covariant expense. Problem 4: Solution 1. Electric ExpenseOccupancy % High calendar month (August)$7,200 78% Low Month (December)$5,500 50% $1,700 28% assorted equal Difference / Occupancy % Difference = Variable Cost per 1% of Occupancy = $1,700 / 28% = $60.71 2. December Occupancy % ×...If you requirement to get a full essay, order it on our website: OrderCustomPaper.com

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