Answer:
Contribution margin ratio = 69.23%
Explanation:
We know,
Contribution margin ratio = (Contribution Margin per unit ÷ Sales per unit) × 100
Again, we know, Contribution margin per unit = Sales per unit - Variable cost per unit
Given,
Sales price per unit = $6.50
Variable cost per unit = $2.00
Therefore, Contribution margin per unit = $6.50 - $2.00 = $4.50
Putting the values into the above formula, we can get,
Contribution margin ratio = ($4.50 ÷ $6.50) × 100 = 69.23% (Rounded to two decimal places)
Answer: A change in demand describes a shift in consumer desire to purchase a particular good or service, irrespective of a variation in its price. The change could be triggered by a shift in income levels, consumer tastes, or a different price being charged for a related product.
Explanation: mark me brainly please
Answer:
This is called a <em>simple interest rate.</em> When the loan amount must be repaid to the lender at the maturity date, along with an additional payment for the interest.
To calculate <em>simple interest rate</em>, the interest rate payment is divided by the loan amount.
Explanation:
This is called a <em>simple interest rate.</em> When the loan amount must be repaid to the lender at the maturity date, along with an additional payment for the interest.
To calculate <em>simple interest rate</em>, the interest rate payment is divided by the loan amount.
Complete Question:
Jon is a cash-basis taxpayer and has adjusted gross income of $40,000 in 2018. During the year he incurred and paid the following medical expenses.
Drugs and medicines prescribed by doctors $300
Health insurance premiums $750
Doctors' fees $2,250
Eyeglasses $75
How much medical expense can he deduct as itemized deduction?
Answer:
Jon
Medical expense that Jon can deduct as itemized deduction:
= $375
Explanation:
a) Data and Calculations:
Adjusted gross income = $40,000
Incurred medical expenses:
Drugs and medicines prescribed by doctors $300
Health insurance premiums $750
Doctors' fees $2,250
Eyeglasses $75
Total = $3,375
Under Tax Cuts and Jobs Act (TCJA), the medical expenses which can be deducted as an itemized deduction on the federal income tax return are only to the extent that they exceed 7.5% of adjusted gross income (AGI).
7.5% of $40,000 = $3,000
Therefore, Jon can itemize deduction of $375 in medical expense.
Answer:
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