Question 2
2.1
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Anisha is a partially exempt trader running a large shop based in a city centre which supplies food, cleaning products, newspapers and postal services. In the quarter ended 28 February 2019 the business records show the following: £ |
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Input VAT relating to standard rated supplies Input VAT relating to zero-rated supplies Input VAT relating to exempt supplies Non-attributable VAT TOTAL |
6,785 3,580 7,295 3,065 20,725 |
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Standard-rated supplies (net) Zero-rated supplies Exempt supplies TOTAL |
60,129 32,258 133,500 225,887 |
During the quarter, Anisha also purchased a car for use by an employee at a VAT inclusive cost of £13,500.
Requirement
Calculate the amount of input tax payable / repayable by Anisha for the quarter ended 28 February 2019 using the standard method for partial exemption.
In: Accounting
Atlanta Company is preparing its manufacturing overhead budget
for 2020. Relevant data consist of the following.
| Units to be produced (by quarters): 10,500, 12,400, 14,700, 16,700. |
| Direct labor: Time is 1.5 hours per unit. |
| Variable overhead costs per direct labor hour: indirect materials $0.80; indirect labor $1.30; and maintenance $0.60. |
| Fixed overhead costs per quarter: supervisory salaries $36,820; depreciation $18,270; and maintenance $14,100. |
Prepare the manufacturing overhead budget for the year, showing
quarterly data. (Round overhead rate to 2 decimal
places, e.g. 1.25. List variable expenses before fixed
expense.)
| ATLANTA COMPANY Manufacturing Overhead Budget For the Quarter Ending December 31, 2020For the Year Ending December 31, 2020December 31, 2020 |
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| Quarter | ||||||||||
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1 |
2 |
3 |
4 |
Year |
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In: Accounting
Leasing is advantageous for companies that need to upgrade their equipment regularly to reduce obsolescence risk.
Select one:
True
False
Wolf Inc. has estimated sales (in millions $) for the next 4 quarters as follows:
|
Q1 |
Q2 |
Q3 |
Q4 |
|
|
Sales |
210 |
180 |
244 |
280 |
Wolf’s purchases from suppliers in a quarter are equal to 50% of the next quarter’s forecast sales, and suppliers are normally paid after 90 days (one quarter is 90 days). Given this information the expected payment to suppliers in quarter one (Q1) is ______.
Select one:
a. $90 million
b. $195 million
c. $105 million
d. $180 million
A potential profitable strategy when markets overreact to companies’ negative announcements is buying the stock and sell it later, when it reaches its fair value.
Select one:
True
False
In: Finance
Degregorio Corporation makes a product that uses a material with the following direct material standards: Standard Quantity is 3.8 kilos per unit; Standard price is $7.00 per kilo. The company produced 5,600 units in November using 21,750 kilos of the material. During the month, the company purchased 24,800 kilos of the direct material at a total cost of $168,640. The direct materials purchases variance is computed when the direct materials are purchased. The direct materials purchase price variance for November is:
|
|
$4,256 F | |
|
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$4,256 U | |
|
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$4,350 F | |
|
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$4,960 F |
In: Accounting
Health insurers and the federal government are both putting
pressure on hospitals to shorten the average length of stay (LOS)
of their patients. In 2003, the average LOS for non-heart patients
was 4.6 days. A random sample of 20 hospitals in one state had a
mean LOS for non-heart patients in 2008 of 3.8 days and a standard
deviation of 1.2 days. Calculate a 95 percent confidence interval
for the population mean LOS for non-heart patients in these
hospitals in 2008. 41) ______
A) [3.24, 4.36] B) [3.27, 4.33] C) [3.34, 4.26] D) [3.38, 4.22]
In: Statistics and Probability
The mean number of daily surgeries at a local hospital is 6.2.
Assume that surgeries are random, independent events.
(a) The count of daily surgeries follows approximately:
A Poisson distribution with mean 6.2 and standard deviation 2.49.
A binomial distribution with mean 6.2 and standard deviation 3.8.
A binomial distribution with mean 6.2 and standard deviation 1.76.
A Poisson distribution with mean 6.2 and standard deviation 6.2.
A binomial distribution with mean 6.2 and standard deviation 3.1.
(b) The probability that there would be only 2 or fewer surgeries
in a given day is approximately (round to 4 decimal places):
In: Statistics and Probability
There are 13000 units of productive capacity in the Eldorado.
Let Y = 0 + 0.07 X be the cotton production function.
Let Y = 0 + 0.35 X be the iron production function.
There are 10000 units of productive capacity in the Noplacia.
Let Y = 0 + 0.05 X be the cotton production function.
Let Y = 0 + 0.026 X be the iron production function.
The two countries will engage in international trade, if the international terms of trade are ________ tons of cotton per ton of iron
a. 3.8 b .1.8 c. 2.8 d. 2.5 e.3.5
In: Economics
A 200 g hockey puck is launched up a metal ramp that is inclined at a 30° angle. The coefficients of static and kinetic friction between the puck and the ramp are μs = 0.40 and μk = 0.30, and the puck's initial velocity at the base is 3.8 m/s parallel to the sloping surface of the ramp. What speed does the puck have when it slides back down to its starting point?
I know that the answer is 2.1 m/s. If you could please show what equations you're using and a free body diagram if needed that would be fantastic, thank you.
In: Physics
A rechargeable battery is constructed based on a concentration cell constructed of two Ag/Ag+ half-cells. The volume of each half-cell is 1.8 L and the concentrations of Ag+ in the half-cells are 1.35 M and 1.0×10−3 M .
a) For how long can this battery deliver 2.8 A of current before it goes dead?
b) What mass of silver is plated onto the cathode by running at 3.8 A for 5.7 h ?
c) Upon recharging, how long would it take to redissolve 110 g of silver at a charging current of 10.0 amps?
In: Chemistry
Evaporation of sweat requires energy and thus take excess heat away from the body. Some of the water that you drink may eventually be converted into sweat and evaporate. If you drink a 20-ounce bottle of water that had been in the refrigerator at 3.8 °C, how much heat is needed to convert all of that water into sweat and then to vapor?? (Note: Your body temperature is 36.6 °C. For the purpose of solving this problem, assume that the thermal properties of sweat are the sameas for water). Look up any constants you may need, Show all steps
In: Chemistry