Answer:
Break-even point (in units) 1300 units
Break-even point (in dollar) $650,000
Explanation:
The break-even point is the level of sales that is required to cover all fixed costs of the firm and the break-even point in units can be computed thus:
break-even point in units=fixed costs/contribution margin per unit
fixed costs=$260,000
contribution margin per unit=selling price-variable cost
contribution margin per unit=$500-$300
contribution margin per unit=$200
break-even point in units=$260,000/$200
break-even point in units=1,300 units
units Break-even point (in dollar) $=break-even point in units*selling price
break-even point in units=1300*$500
break-even point in units=$650,000
Answer:
I think "A & B are correct."
Explanation:
Risk*
Answer:
D) $2,200
Explanation:
The IRS does not allow individuals to deduct time spent as a volunteer from their gross income, volunteers can only deduct certain expenses related to the activity.
The only things that Emily can deduct for this charitable activity are transportation costs, lodging costs and meals:
Emily's deduction = $600 + $1,200 + $400 = $2,200
