Britney is a baseball fan and attends several games per season. Her expenses per seasonare listed in the table below:Year 15Year2Baseball $500 $560TicketsJersey$120 $150Food $150 $160Transport $60 $70▸Assuming that year 1 is the base year, calculate the price index for year 1 and for year 2.O100, 113.100, 8888. 113.88.100O00

Price Index for year 2 can be calculated as: = Price in Year 2 / Price in Year 1 * Price Index for…

Answered: Britney is a baseball fan and attends…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1.Susanna runs a hat shop in Melbourne, VIC. During the FY20, she bought 300 hats for $99 each (incl GST) and sold those hats for $220 each (incl GST). How much should Susanna remit to the ATO once all the hats are sold? Briefly explain your calculations.
Directions: Compute the Customer lifetime value (CLV) for the following situation. Follow/Use the guide provided below. (show computation) Mr. Blythe spends $5000.00 for every visit to the shoe store twice a year for an expected time of 5 years. Mike spends $1500.00 for every visit to a restaurant with his girlfriend once a month for an expected period of 2 years. PV RP RT CLV
An investor buys 550 NFR common at $10 in January Year 1 and 210 NFR common at $15 in June of Year 2. What is the investor’s cost base for NFR? Show your work
Noura was working at Perco. Noura starts saving 500 sh every three months (quarterly ) from 30/6/2000 until 1/1/2020. On 1/1/2022 Noura decide to start withdrawing 2000 sh quarterly until 1/1/2030. If the rate is J4-6% answer the following question 1. How many payments did Noura pay into her account 2. How much did Noura save by 1/1/2020 I 3. What is the total amount of money did Noura withdraw 4. What is the balance in her account by 1/1/30
to.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fperustatecollege.blackboard.com%252Fwebapps%25 Chapters 7-9) f Saved Maggie Vitteta, single, works 30 hours per week at $14.00 an hour. How much is taken out for federal income tax with one withholding exemption? (Use Table 9.1 and Table 9.2) (Round your answer to the nearest cent.) Amount Mc Graw Hill @ 2# $ 3 4. e
How is income defined by the IRC? For example, suppose you decided to hold a garage sale one fine summer weekend. The proceeds of such came out to $40. Do you report this? Why or why not?
Ruth (31) is your new client. She graduated from GBC five years ago. Since then, she has worked hard and progressed at her job. Two years ago, she bought a condo and now she finds that money is tight She is looking for your input on her financial position. Below is the financial data she provides for 2020. Incomes and expenses are annual, assets and liabilities are balances on Dec 31, 2020 Chequing Account $3000 RRSP $21000 Saving Account $6000 Condo $590000 Stock Portfolio $18000 Car. $ 39000 GIC (5-year term) $7000. Student loan $21000 Car Loan $25000. Line of credit(outstanding)$29000 Employment Income $ 88000. Mortgage debt $250000 Income Taxes $32000. Clothing $2500 Mortgage payments $17000. Heat $2000 Food expenses $5500. Entertainment $5000 Loan payments $11000. Transportation $4500 Insurance premiums $3000. Vacation $4000…
Shiloh is a sales representative for American Silk Mills who has a company car to visit customer sites. Shiloh drove 26,300 miles during 2022, of which 15 percent was reported as personal miles. Required: Using the cents-per-mile rule, what is the valuation of this benefit for 2022? Note: Round your final answer to 2 decimal places. Valuation of the benefit
Read and analyze the situation below then answers the question given. Your mom asked your opinion if she will be joining the cooperative in her office. She wants to know the amount of money she will be receiving after 6 months and wanted to buy something in December. The cooperative wants her to contribute P1,000 per month beginning in June 2020 which will earn 3% compounded monthly. How much will be the future value of your mom's contribution at the end of December 2020? Tasks: You need to prepare a report showing a cash flow diagram on the total amount of money your mother will earn at the end of December. At the end of your report, write a conclusion stating your opinion to help your mom to decide.
quilts during the coming year. Her average sales price per quilt is screenshot attache oiwnrg oinh 53hi35h3
Sharon sells authentic Amish quilts on her website. Suppose Sharon expects to sell 1,600 quilts during the coming year. Her average sales price per quilt is $325, and her average cost per quilt is $125. Her fixed expenses total $160,000. Compute her margin of safety a. in units (quilts). b. in sales dollars. c. as a percentage of expected sales.
Preparing Income and Expense Statement: Sara and Rahim are about to construct their income and expense statement for the year ending August 31, 2020. They have put together the following income and expense information for 2020: RAHIM's salary Sara's Salary OMR. 5200 OMR. 4000 Rent received OMR. 2000 Interest on: Fixed account 300 Bonds of Sama Corporation 500 Groceries 600 Rent paid Utilities Gas and auto expenses KIDS tuition, books, and supplies Books, magazines, and periodicals Clothing and other miscellaneous expenses Rahim's travel expenses Purchase of a used car (cost) Outstanding loan balance on car Purchase of bonds in Sama Corporation Using the information provided, prepare an income and expense statement for Sara and Rahim for the year ending August 31, 500 80 20 500 40 1600 400 6560 2780 678 2020

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