Answer:
the revised net operating income is $ 26,400
Explanation:
Effect the Changes on the Units, Selling Price and Fixed Cost as described on the Original Income Statement.
Revised Income Statement
Sales( (12,900 units x 2)× ($20 per unit×0.90)) $ 464,400
Variable expenses ( $10× (12,900 units x 2)) ($ 258,000)
Contribution margin $206,400
Fixed expenses (144,000 + $36,000 ) ($180,000)
Net operating loss $ 26,400
In 2022, Denise has two children who are qualifying persons for the child and dependent care credit, Ethan and Jeffrey. Ethan has $9,000 in dependent care expenses, and Jeffrey has none. assuming all other tests are met, up to $8,000 of expenses is credited based on.
A federal tax break known as the Child and Dependent Care Credit assists families in paying for childcare costs incurred while working or looking for jobs. Families that are required to pay for the care of an adult dependant or a spouse who is disabled may also be eligible for the credit.
The child and dependent care credit aid you in paying for the upkeep of any dependents that qualify (aka "qualifying persons").
Your income and a portion of the costs you expend for the care of a qualifying individual while you work or look for a job are used to determine how much of a credit you are eligible for.
You can deduct costs for babysitters, day camps, and before- and after-school activities in addition to childcare.
The credit became considerably more generous and may be refundable as a result of the American Rescue Plan Act of 2021.
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Answer:
$88,000
Explanation:
Calculation to determine What amount of compensation should Argon report in Logan's Form W-2 for year 2
First step is to determine the bargain element
Bargain Element=$25 per share-$10per share
Bargain Element=$15 per share
Now let determine the amount of compensation
Using this formula
Compensation=Salary earned+Taded stock+(Shares of publicly traded stock*Bargain element)
Let plug in the formula
Compensation=$60,000+$13,000+($100 shares*$15 per share)
Compensation=$60,000+$13,000+$15,000
Compensation=$88,000
Therefore the amount of compensation that Argon should report in Logan's Form W-2 for year 2 $88,000
It is likely that the increase in the price of hamburgers is related to the fact that demand is greater than supply.
<h3 /><h3>What is the law of supply and demand?</h3>
It is an economic approach to understanding the economic factors that influence the quantity of a product supplied in a market and its price.
Therefore, when there is more demand than supply for a good available in the economy, it means a situation of scarcity, which makes prices rise.
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