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Venkata Adithya Godishala

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Flagstaff Company has budgeted production units of 7,900 for July and 8,100 for August.The direct materials requirement per unit is 2 ounces (oz.) .The company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 20% of the units of budgeted production in the following month.There was 3,160 ounces of direct material in inventory at the start of July.The total cost of direct materials purchases for the July direct materials budget,assuming the materials cost $1.15 per ounce,is:

A) $18,262.
B) $21,896.
C) $14,536.
D) $18,078.
E) $18,170.

On Jul 18, 2024


A
VA

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The Dupont family paid $28,750,000 in federal income tax.How much is their average tax rate and their marginal tax rate?

On Jul 17, 2024


ATR = almost 35%;MTR = 35%
VA

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What is the definition of a proportional tax?

On Jun 18, 2024


A proportional tax is a tax where the tax rate remains the same regardless of the tax base.
VA

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The essence of finance is the process of raising capital (money), exclusively through the sale of bonds.

On Jun 17, 2024


False
VA

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A cost center is a responsibility center.

On May 19, 2024


True
VA

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Consideration can be a promise for another promise.

On May 18, 2024


True