Henry inc, a manufacturing firm is able to produce 1,000 pairs of sneakers per hour at maximum efficiency. there are three eight-hour shifts each day. due to unavoidable operating interruptions, production averages 800 units per hour. the plant actually operates only 27 days per month. based on the current budget henry estimates that it will be able to sell only 500,000 units due to the entry of a competitor with aggressive marketing capabilities but the demand is unlikely to be affected m future and will be around 515.000. assume the month has 30 days. what is the master-budget capacity utilization level for this budget period? what is the theoretical capacity for the month? what is the practical capacity for the month?

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u.s. parent on bank deposits held in london d. interest received by a u.s. parent on a loan to a subsidiary in mexico e. principal repayment received by u.s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u.s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation

Sam and diane are completing their federal income taxes for the year and have identified the amounts listed here. how much can they rightfully deduct? • agi: $80,000 • medical and dental expenses: $9,000 • state income taxes: $3,500 • mortgage interest: $9,500 • charitable contributions: $1,000.

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