Flaherty accounting services pays

Assignment Help Accounting Basics
Reference no: EM131130166

(Cost behavior) Flaherty Accounting Services pays $2,000 per month for a tax software license. In addition, variable charges incurred average $9 for every tax return the firm prepares.

a. Determine the total cost and the cost per unit if the firm expects to prepare the following number of tax returns in March 2010: 1. 200 2. 500 3. 800

b. Why does the cost per unit change in (1), (2), and (3) of part (a)?

c. The owner of Flaherty Accounting Services wants to earn a margin (excluding any other direct costs) on tax returns of $15,000 during March. If 200 returns are prepared, what tax return preparation fee should be charged? If that fee is charged and 800 returns are prepared, what is the margin in March?

Reference no: EM131130166

Questions Cloud

Spirit company produces baseball caps : c. The company expects to produce 10,000 caps this month. Would you expect each type of cost to increase or decrease? Why? Can the total cost of 10,000 caps be determined? Explain.
Write the paper in essay form and the art objects : You must write the paper in essay form and the art objects must be from the time period we study in this course. prehistory to early renaissance, 14th C.
Find the utility maximizing combination of rides and games : Then draw the budget line and find the utilitymaximizing combination of rides and games.
Four situations where accounting control systems : To identify and discuss four situations where accounting control systems might not motivate desirable behaviour?To briefly discuss the improvements you would suggest in order ensuring that some of the dysfunctional behavioural consequences of acco..
Flaherty accounting services pays : (Cost behavior) Flaherty Accounting Services pays $2,000 per month for a tax software license. In addition, variable charges incurred average $9 for every tax return the firm prepares.
Agile project management frameworks-methodologies : Write a summary for three Agile project management frameworks/methodologies (e.g. Scrum, Lean, XP, Crystal, Hybrid). What is the key tenant for each? What are the key roles for team members in each of those frameworks/methodologies?
Think back over conversations you have had with friends : Think back over conversations you have had with friends, family members, coworkers, or classmates in the past week. Select a conversation in which the other person wanted to talk about something that was troubling him or her - a bad situation at work..
Is online communication a poor substitute or a rich medium : Is online communication - a poor substitute for face-to-face contact or a rich medium for developing a close personal relationship?
How will the consumer respond : Suppose the government imposes a tax of $4 on beverage B, and the price increases by the amount of the tax. How will the consumer respond?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd