a landscape archetiect is hired to build a garden which is of the shape of a right traingle. suppose the architech wants to use a brick wall on the side of AC costing $9/ft and a metal fence on the side costing $3/ft suppose the architect has $1620 budget. what is the maxmum area the architect can build with he budget

Answers

Answer 1

Answer:

Maximum Ares architect can build is 36,450 [tex]ft^{2}[/tex]

Explanation:

Suppose

The Perpendicular of the triangle = l

The Base of the triangle = b

The hypotenuse of the triangle = h

The hypotenuse of the triangle can be calculated as follow

h = [tex]\sqrt{l^{2} b^{2} }[/tex]

Total Budget = $1,620

As the architect does not want to build anything on the hypotenuse of the triangle area.

So as per given condition

( $9 x l ) + ( $3 x b ) = $1,620

$3 ( 3l + b ) = $1,620

3l + b = $1,620 / $3

3l + b = 540

b = 540 - 3l ...........(1)

Area = 1/2 x l x b

using (1) we will have

Area = 1/2 x l x ($540 - 3l)

Now differentiating w.r.t l

[tex]\frac{d(area)}{dl}[/tex] = [tex]\frac{\frac{1}{2} [ 540l - 3l^{2}] }{dl}[/tex]

0 =  [tex]\frac{1}{2} [ 540 - 6l] }[/tex]

0 = 540 - 6l

6l = 540

l = 540/6

l = 90 ft

Placing value of l in (1)

b = 540 - 3(90)

b = 540 - 270

b = 270

So, Maximum area will be calculated as follow

Maximum Ares = [tex]\frac{1}{2}[/tex] x 270 x 270

Maximum Ares = 36,450 [tex]ft^{2}[/tex]


Related Questions

Computer equipment was acquired at the beginning of the year at a cost of $65,000 that has an estimated residual value of $3,800 and an estimated useful life of 8 years. (1)Determine the (a) depreciable cost for straight rate, (b) straight-line rate, and (c) annual depreciation for the straight line rate (d) double declining balance depreciation amount for 1st year (2) Journalize the sale of the equipment at the end of the 4th year for $20,000 cash, if using the straight line rate.

Answers

Answer:

a) Depreciable cost = $61,200

b) Straight-line rate = 12.5%

c) Annual depreciation for the straight-line rate is:

$7,650.

d) The double-declining balance depreciation amount for the 1st year is:

$15,300.

e) Journal Entry of sale of equipment at the end of the 4th year for $20,000, using the straight-line rate:

Debit Sale of Equipment $65,000

Credit Equipment $65,000

To record the transfer of the equipment account.

Debit Accumulated Depreciation $30,600

Credit Sale of Equipment $30,600

To record the transfer of accumulated depreciation to the account.

Debit Cash Account $20,000

Credit Sale of Equipment $20,000

To record the cash received from the sale.

Debit Profit and Loss Account $14,400

Credit Sales of Equipment $14,400

To record the loss on sale of equipment.

Explanation:

a) Data and Calculations:

Cost of computer equipment = $65,000

Estimated residual value =             3,800

Depreciable value =                   $61,200

Estimated useful life = 8 years

Annual depreciation expense = $7,650 ($61,200/8) or $61,200 * 12.5%

Depreciable cost = $61,200 ($65,000 - $3,800)

Straight-line rate = 12.5% (100%/8)

Double-declining rate = 12.5% x 2 = 25%

Depreciation amount for the 1st year = $15,300 ($61,200 * 25%)

Book value of asset at the end of the 4th year, straight-line method:

Cost of equipment = $65,000

Accumulated Depreciation = $30,600 ($7,650 * 4)

Book value = $34,400

Sales proceed = $20,000

Loss on sale of asset = $14,400 ($34,400 - $20,000)

Pfizer Inc., a pharmaceutical company, reported Net income for fiscal 2007 of $8,144 million, Retained earnings at the start of the year of $49,669 million and dividends of $8,153 million. If there were no other transactions during the year that affected retained earnings, what was the balance of retained earnings at the end of the year

Answers

Answer:

$49,660 million

Explanation:

The computation of retained earnings at the end of the year is shown below;

= Beginning retained earnings + Net income - Dividends

Given that;

Beginning retained earnings = $49,669 million

Net income = $8,144million

Dividend = $8,153

Balance of retained earnings at the end of the year

= $49,669 + $8,144 - $8,153

= $49,660 million

Yanita Company, an IFRS reporting firm, has three bank accounts. The respective account balances are as follows: Account 1: $50,000; Account 2: $70,000; Account 3: $(10,000). Consistent with IFRS, cash and cash equivalents are equal to:

Answers

Answer:

Consistent with IFRS, cash and cash equivalents are equal to:

$110,000.

Explanation:

a) Data and Calculations:

Account 1:  $50,000

Account 2: $70,000

Account 3: $(10,000)

Total          $110,000

b) Yanita's cash and cash equivalents are the assets that are cash or can be converted into cash immediately, which include bank accounts and marketable securities such as commercial paper and short-term government bonds. Under IFRS, cash and cash equivalents also include bank overdrafts, which are recorded under current liabilities on the Balance Sheet.  However, under US GAAP, bank overdrafts are not treated as part of the cash and cash equivalents.  This implies that under US GAAP, Yanita's cash and cash equivalents would be totaling $120,000.

Suppose labour is available to a firm at a cost of ​$ 15per hour.​ Also, suppose that employing another hour of labour adds 3 units to​ output, and any amount of output can be sold for ​$10 per unit.
To the nearest​ dollar, an additional hour of labour would add ​$___
nothing in additional revenue to the firm. Your answer should be a whole number.

Answers

Answer:

$30

Explanation:

Additional hour gives 3 units of output. Each is sold for $10. The total revenue for the additional labour hour would be 3 units x $10 for each.

=$10 x 3

=$30

he Tattle Teller has a printing press sitting idly in its back room. The press has no market value to another printer because the machine utilizes old technology. The firm could get $250 for the press as scrap metal. The press is six years old and originally cost $148,000. The current book value is $2,570. The president of the firm is considering a new project and feels he can use this press for that project. What value, if any, should be assigned to the press as an initial cost of the new project

Answers

Answer: $250

Explanation:

The value that should be assigned to the press as an initial cost of the new project will simply be the relevant cost which has to.do with the opportunity cost that's what is forgone for something else to happen.

In this scenario, the value that should be assigned to the press as an initial cost of the new project will be $250 which is the value that the firm could get for the press as scrap metal.

**ECONOMICS**A high level of productivity means that a worker:

A. creates a lot of something quickly.

B. has skills that are worth a lot of money.

C. is a member of a worker organization.

D. works in a career with a lot of competition.

Answers

Answer:A

Explanation:creates a lot of something quickly/just took the test

Answer: A. Creates a lot of something quickly

Explanation: I just took the test on Ap ex

International trade is the subject of much debate. Many economist favor encouraging international trade, citing the benefits gained by trade. However, there are economic arguments for limiting international trade with protectionism. Classify the given statements into the appropriate category. Arguments for promoting international trade Arguments for limiting international trade with protectionism

Answers

Answer:

the arguments are missing, so I looked for similar questions and found:

The ability of a nation to consume more than it can produce domestically. ⇒ ARGUMENT FOR PROMOTING INTERNATIONAL TRADE. Excess production should be exported. The infant industry argument. ⇒ ARGUMENT FOR LIMITING INTERNATIONAL TRADE WITH PROTECTIONISM. Certain new industries should be protected until they mature and become leaders. Changes in productivity associated with specialization. ⇒ ARGUMENT FOR PROMOTING INTERNATIONAL TRADE. As specialization occurs, production output increases allowing for trade benefits. The potential for other governments to subsidize firms, enabling them to charge lower prices than domestic firms can. ⇒ ARGUMENT FOR LIMITING INTERNATIONAL TRADE WITH PROTECTIONISM. Since other countries subsidize their exports, we should impose tariffs to level the market. The national defense/interest argument. ⇒ ARGUMENT FOR LIMITING INTERNATIONAL TRADE WITH PROTECTIONISM. Some sectors are important and should be protected. Job loss in some labor markets. / Worries about domestic labor markets. ⇒ ARGUMENT FOR LIMITING INTERNATIONAL TRADE WITH PROTECTIONISM. Imported goods result in people losing their jobs.

Dorman Company reported the following data: Net income $225,000 Depreciation expense 25,000 Gain on disposal of equipment 20,500 Decrease in accounts receivable 14,000 Decrease in account payable 3,600 Prepare the Cash Flows from Operating Activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.

Answers

Answer:

$239,900

Explanation:

    Cash Flows from Operating Activities section

Particulars                                                      Amount

Net income                                                    $225,000

Add Depreciation expenses                        $25,000

Less Gain on disposal of equipment           $20,500

Add Decrease in accounts receivables       $14,000

Less Decrease in accounts payable            $3,600    

Net cash flow from operating activities    $239,900

If a preferred stock from Pfizer Inc. (PFE) pays $4.00 in annual dividends, and the required return on the preferred stock is 8.00 percent, what's the value of the stock?

a. $50.00
b. $0.32
c. $32.00
d. $0.50

Answers

Answer:

Option a ($50.00) seems to be the right approach.

Explanation:

The given values are:

Annual dividend is,

= $4.00

Required return is,

= 8.00% i.e., 0.08

By using the formula, we get

⇒ [tex]Value \ of \ the \ stock=\frac{Annula \ Dividend}{Required \ return}[/tex]

On putting the above given values, we get

⇒                              [tex]=\frac{4.00}{0.08 }[/tex]

⇒                              [tex]=50[/tex] ($)

Balance Sheet October 31 Assets Cash $ 36,500 Accounts receivable 87,000 Merchandise inventory 195,300 Property, plant and equipment, net of $624,000 accumulated depreciation 925,000 Total assets $ 1,243,800 Liabilities and Stockholders' Equity Accounts payable $ 259,000 Common stock 760,000 Retained earnings 224,800 Total liabilities and stockholders' equity $ 1,243,800 Q: What is the cost of December merchandise purchases

Answers

Answer:

so hard so hard i cant do this omgod so hard thos is your mom can answer this lol its funny

make this simple and not hard i cant answer this

A manager must decide how many machines of a certain type to buy. The machines will be used to manufacture a new gear for which there is increased demand. The manager has narrowed the decision to two alternatives: buy one machine or buy two. If only one machine is purchased and demand is more than it can handle, a second machine can be purchased at a later time. However, the cost per machine would be lower if the two machines were purchased at the same time. The estimated probability of low demand is .30, and the estimated probability of high demand is .70. The net present value associated with the purchase of two machines initially is $75,000 if demand is low and $130,000 if demand is high. The net present value for one machine and low demand is $90,000. If demand is high, there are three options. One option is to do nothing, which would have a net present value of $90,000. A second option is to subcontract; that would have a net present value of $110,000. The third option is to purchase a second machine. This option would have a net present value of $100,000. How many machines should the manager purchase initially

Answers

Answer:

BUY TWO MACHINES

Explanation:

Calculation for how many machines should the manager purchase initially

BUY ONE MACHINE =(High demand 0.7*100,000)+(Low demand 0.3*90,000)

BUY ONE MACHINE =70,000+27,000

BUY ONE MACHINE=97,000

Note :High demand 100,000 is the Average of Do nothing ,Tomorrow Sub-contract and Buy second machine

High demand=90,000+110,000+100,000

High demand=300,000/3

High demand=100,000

BUY TWO MACHINES

High demand =(0.7 x 130000)

High demand= 91,000

Low demand= (0.3 x 75000)

Low demand=22,500

Hence,

BUY TWO MACHINES= (91,000 + 22,500)

BUY TWO MACHINES=113,500

Based on the above calculation we can see that

the expected payoff from BUY ONE MACHINE is 97,000 while that of BUY TWO MACHINES is 113,500 which means that BUY TWO MACHINES is higher hence, the manager should BUY TWO MACHINES today.

Bothell Construction, LLC, Ballard Remodel, Inc., and Tim's House Painting Company agreed that on three upcoming projects, Ballard Remodel would bid lowest on one, Bothell Construction would submit the lowest bid on the second project, and Tim's House Painting would submit the lowest bid on the third project. All three discussed this and agreed that this would be the best way that each would be assured of work for the upcoming season. This behavior:

Answers

Answer:

violates ethical, but not legal, standards.

Explanation:

Sherman act was created to prohibit restrains on trade of any collusion by different parties to form a monopoly or control price.

The act does not however prohibit all restraints of trade, bit rather those that are very unreasonable and harmful to competition.

In the given scenario the three companies only agreed to bid lowest for the 3 project under consideration.

Their action does not give them unfair advantage over other firms and may even lead to a loss on their part.

They do not have a strategy that will guarantee an edge over other firms.

So this is an ethical violation but not a legal one.

Recently, Galaxy Corporation lowered its allowance for doubtful accounts by reducing bad debt expense from 2% of sales to 1% of sales. Ignore taxes. What are the immediate effects on operating income

Answers

Answer:

Lower bad debt expenses will result in higher operating income. The corporation operating cash flow is actually not affected until Galaxy actually collects the receivables.

In this case:

- The effect on Operating income would be High

- The effect on Operating cash flows is No effect

18. A company's flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and fixed costs, $16,000. The sales expected if the company produces and sells 16,000 units is: a. $24,000. b. $18,000. c. $48,000. d. $40,000. e. $64,000.

Answers

Answer:

e. $64,000.

Explanation:

The computation of the sales expected in the case of 16,000 units

Sales on 16,000 units is

= Budgeted sales ÷ Budgeted volume × Actual volume

= $48,000 ÷ 12,000 units × 16,000 units

= $64,000

hence, the sales expected in the case of 16,000 units is $64,000

Therefore the correct option is e

Hence, the same is to be considered

Sheridan Company purchased a depreciable asset for $567000. The estimated salvage value is $29000, and the estimated useful life is 10000 hours. Carson used the asset for 1700 hours in the current year. The activity method will be used for depreciation. What is the depreciation expense on this asset in the current year

Answers

Answer:

Annual depreciation= $91,460

Explanation:

Giving the following information:

Purchase price= $567,000

Salvage value= $29,000

Useful life in hours= 10,000

To calculate the depreciation per year using the activity method, we need to use the following formula:

Annual depreciation= [(original cost - salvage value)/useful life of production in hours]*hours operated

Annual depreciation= [(567,000 - 29,000) / 10,000]*1,700

Annual depreciation=  53.8*1,700

Annual depreciation= $91,460

A company used the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable $ 445,000 Debit Allowance for Doubtful Accounts 1,350 Debit Net Sales 2,200,000 Credit All sales are made on credit. Based on past experience, the company estimates 2.0% of its net sales to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

Answers

Answer:

Dr Bad Debt Expense $44,000

Cr Allowance for Doubtful Accounts $44,000

Explanation:

Preparation of What adjusting Journal entry should the company make at the end of the current year to record its estimated bad debts expense

Based on the information given the adjusting Journal entry that the company should make at the end of the current year to record its estimated bad debts expense will be:

Dr Bad Debt Expense $44,000

Cr Allowance for Doubtful Accounts $44,000

(Net Sales 2,200,000*Estimated 2.0% of net sales)

(Being to record estimated bad debts expense)

In one hour of labor input, South Korea can produce either 100 computer chips or 50 bed linens. In the U.S., in one hour of labor input, either 150 computer chips or 100 bed linens can be made. Select the correct response below. Group of answer choices S. Korea has a comparative advantage in computer chip manufacturing. The U.S. has an absolute advantage in bed linen manufacturing. All of these are correct The U.S. has a comparative advantage in bed linen manufacturing. The U.S. has an absolute advantage in computer chips manufacturing.

Answers

Answer: All of these are correct

Explanation:

South Korea

Opportunity cost of Computer chips = 50/100 = 0.2 bed linens

Opportunity cost of bed linens = 100/50 = 2 computer chips

USA

Opportunity cost of Computer chips = 100/150 = 0.67 bed linens

Opportunity cost of bed linens = 150/100 = 1.5 computer chips

Country with Comparative advantage in the production of a good is one that incurs the lower opportunity cost.

Country with Absolute advantage is county that produces the most quantity of a good or service.

Therefore;

US has Absolute advantage in both Computer chips and Bed linens.

South Korea has comparative advantage in Computer chips.

US has comparative advantage in bed linen manufacturing.

Use the following information for Jake Company: Sales Revenue .......................................... $2,000,000 Interest/Dividend Revenue .................. 50,000 Cost-of-Goods- Sold ............................ 1,000,000 Selling and Administrative Expenses.. 200,000 Loss on Discontinued Operations ..... 100,000 Unearned Revenue .............................. 100,000 What is Net Income for the Year Ended December 31, 2020 (ignore taxes)

Answers

Answer: $750,000

Explanation:

Net Income

Sales Revenue                                 2,000,000

Interest/ Dividend Revenue                50,000

                                                         2,050,000

Cost of Goods sold                         (1,000,000)

Selling and Admin expenses            (200,000)

Loss on Discontinued                       (100,000)

Net Income                                        $750,000

The average wage of workers increases in a purely competitive industry. This change will result in (I) increase in marginal cost for the firms in the industry (II) increase in average variable cost for firms in the industry (III) increase in average fixed cost for firms in the industry (IV) increase in the industry supply curve

Answers

Answer:

The correct option is (I) increase in marginal cost for the firms in the industry

Explanation:

According to the given scenario, when there is a rise in increase in the workers wages in a purely competitive industry so the production cost would also rise that results in an increment in the marginal cost also the maximize profit arises  when the marginal cost is equivalent to the marginal revenue

Therefore as per the given scenario, the correct option is (I)

In terms of dividend payment procedures, the payment date refers to the date: Group of answer choices upon which the stock pays an extra dividend. on which the firm actually sends the dividend to investors. on which the right to the current dividend no longer accompanies the stock. on which a firm's board of directors issues a statement declaring the dividend.

Answers

Answer:

In terms of dividend payment procedures, the payment date refers to the date:

on which the firm actually sends the dividend to investors.

Explanation:

There are three dates with regard to the payment of dividends.  The first date is the declaration date when the board of directors of the company decides to pay the dividends to stockholders.  The second date is the date of record when the records are checked to establish the stockholders entitled to receive dividends.  The last is the payment date when actual payment of the dividend is made to the investors through the issue of dividend warrants or certificates.

At the beginning of its fiscal year, the Town of Harmon estimates that its revenues for street maintenance activities are $100,000, and it appropriates $90,000 forstreet maintenance supplies. It currently has outstanding encumbrances for street maintenance supplies of $40,000 and has incurred expenditures for street maintenance supplies of $30,000. How much does the Town of Harmon currently have available to spend for street maintenance supplies

Answers

Answer:

The amount that the Town of Harmon currently have available to spend for street maintenance supplies is $20,000.

Explanation:

From the question, we can obtain the following:

Amount appropriated for street maintenance supplies = $90,000

Outstanding encumbrances for street maintenance supplies = $40,000

Expenditures incurred for street maintenance supplies = $30,000

Therefore, we have:

Amount currently available to spend for street maintenance supplies = Amount appropriated for street maintenance supplies - Outstanding encumbrances for street maintenance supplies - Expenditures incurred for street maintenance supplies = $90,000 - $40,000 - $30,000 = $20,000

Therefore, the amount that the Town of Harmon currently have available to spend for street maintenance supplies is $20,000.

The ship Audie Murphy leaves the New York Port with a ship load of GMC pick-up trucks bound for the Port of Istanbul, Turkey. A fire breaks out aboard the ship and destroys more than thirty GMC pick-up trucks. After an investigation it has been unable to determine the cause. Who is financially responsible for the damage

Answers

Answer: c. The Owner of the ship - Jack Palace

Explanation:

The investigation was unable to determine the cause of the fire. While this does not clear any party, it does not lay the blame on any party either.

In such a case the financial responsibility will fall on the company operating the transport company which in this case is Jack Palace who is the owner of the ship.

Famtrk153 Corp. is a popular car-wash operation that measures its activity in terms of number of cars washed. Last month, the budgeted level of activity was 1,140 cars washed and the actual level of activity was 1,130 cars washed. The cost formula for the washing expenses is $3.80 per car washed plus $21,000 per month. (ID#11659) The actual Famtrk153's washing expense was $21,700. Q) What was the Famtrk153's spending variance for the washing expenses last month?

Answers

Answer:

the spending variance is $3,594 favorable

Explanation:

The computation of the spending variance is as follows

Budgeted Expense is

= 1,130 cars × $3.80 per car + $21,000

=  $4,294 + $21,000

= $25,294

And, the actual expese is $21,700

So, the spending variance is

= $25,294 - $21,700

= $3,594

Hence, the spending variance is $3,594 favorable

The standard costs and actual costs for direct materials for the manufacture of 3,000 actual units of product are as follows: Standard Costs Direct materials 1,040 kilograms at $8.75 Actual Costs Direct materials 2,000 kilograms at $8.00 The direct materials price variance is a.$2,750 favorable b.$2,750 unfavorable c.$1,500 unfavorable d.$1,500 favorable

Answers

Answer:

$2,250 favorable

Explanation:

The direct material price variance is computed as;

= ( Standard price - Actual price ) × Actual quantity

Given that;

Standard price = $8.75

Actual price = $8

Actual quantity = 3,000 units

Direct material price variance

= ( $8.75 - $8 ) × 3,000

= ( $0.75 ) × 3,000

= $2,250 favorable

A small producer of machine tools wants to move to a larger building, and has identified two alternatives. Location A has annual fixed costs of $150,000 and variable costs of $20,000 per unit; location B has annual fixed costs of $350,000 and variable costs of $18,000 per unit. The finished items sell for $22,000 each. a. At what volume of output would the two locations have the same total cost

Answers

Answer: 100 units

Explanation:

Assume the volume of output where the two locations have the same total cost is x.

Volume is;

150,000 + 20,000x = 350,000 + 18,000x

20,000x - 18,000x = 350,000 - 150,000

2,000x = 200,000

x = 200,000 / 2,000

x = 100 units

Question 4 of 10
Charging a lower price per unit for purchases of more units is called a
A. seasonal discount
B. quantity discount
C. sale price
D. stocking allowance

Answers

Hi! The answer would be B. Quantity discount.

The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 10,319 Accounts receivable 79,922 Merchandise inventories 69,862 Prepaid expenses 6,000 Accounts payable $ 16,850 Notes payable 96,138 Other current liabilities 11,400 If net credit sales for the current year were $602,000, the firm's days' sales uncollected for the year is: (Use 365 days a year.)

Answers

Answer:

49 days

Explanation:

Account receivable turnover ratio = Net credit sales / Accounts receivable

Account receivable turnover ratio = $602,000 / $79,922

Account receivable turnover ratio = 7.53

Average collection period = 365/7.53

Average collection period = 48.47277556440903

Average collection period = 49

Thus, firm’s sales uncollected for year is 49 days.

Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $14 per share 10 years from today and will increase the dividend by 8 percent per year thereafter. If the required return on this stock is 14 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

Answer:

the current price of the stock is $71.75

Explanation:

The computation of the current stock price is shown below:

Price at year 9 is

= Dividend ÷ (required rate of return - growth rate)

= $14 ÷ (14 - 8%)

= $233.33

Now the current price of the stock is

= Price at year 9 ÷ (1 + required rate of return)^number of years

= $233.33 ÷ (1 + 0.14)^9

= $71.75

Hence, the current price of the stock is $71.75

Assume that President Trump develops an executive agreement with Russia this month, which will reduce taxes on imports from the country as way to promote cordial international business interests. This executive agreement is directly in conflict with a foreign tax treaty issued by Congress in May of last year. Assuming the president has the power to develop this agreement what is the likely outcome? A. The congressional treaty is discriminatory on its face and will be deemed unconstitutional B. The President's order will supercede the congressional treaty C. The President's order is in direct conflict with Congress' enumerated powers to tax and therefore will be struck down D. The congressional treaty will be upheld

Answers

Answer:

C. The President's order is in direct conflict with Congress' enumerated powers to tax and therefore will be struck down

Explanation:

An executive agreement supersedes state's law, but it cannot supersede federal laws or treaties enacted by congress. The president does not need the senate's approval for an executive agreement, but it cannot go against a treaty that was established by congress. The foreign tax treaty that was approved by congress is legally binding.

Dean has earned $75,000 annually for the past seven years working as an architect for WCC Incorporated Under WCC's defined benefit plan (which uses a seven-year graded vesting schedule) employees earn a benefit equal to 4.5 percent of the average of their three highest annual salaries for every full year of service with WCC. Dean has worked for seven full years for WCC and his vesting percentage is 99 percent. What is Dean's vested benefit (or annual retirement benefit he has earned so far)

Answers

Answer:

$23,388.75

Explanation:

Calculation for Dean's vested benefit

Dean's vested benefit =$75,000 x (4.5% x 7 years) x 99%

Dean's vested benefit =$75,000×0.315×99%

Dean's vested benefit =$23,388.75

Therefore Dean's vested benefit will be $23,388.75

Other Questions
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