Suppose that an airport is built right next to an apartment complex. The airport causes an externality to the apartment renters/owners because the airport is very loud. The airport could purchase a noise canceling device in order to eliminate the noise. The device costs $1,000,000. Suppose the apartment renters /owners have the right, by law, to compensation for the disturbance. Suppose there are 1000 renters/owners living in that apartment complex and the cost for the noise to each person is $100,000. Assume that there are no transaction costs. What is the purpose of assuming there are no transaction costs?

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.

When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is

Jacob is a member of wcc (an llc taxed as a partnership). jacob was allocated $155,000 of business income from wcc for the year. jacob’s marginal income tax rate is 37 percent. the business allocation is subject to 2.9 percent of self-employment tax and 0.9 percent additional medicare tax. (round your intermediate calculations to the nearest whole dollar a) what is the amount of tax jacob will owe on the income allocation if the income is not qualified business income? b) what is the amount of tax jacob will owe on the income allocation if the income is qualified business income (qbi) and jacob qualifies for the full qbi duduction?