Liability insurance or legal liability
Answer:
It increases by 50 units.
Explanation:
Current break even point = 
Here, fixed cost = $4,500
Contribution per unit = Selling price - Variable Cost = $20 - $10 = $10
Current break even point = 
If variable cost increase by 10% then revised variable cost = $10 + 10% = $11
Contribution per unit = $20 - $11 = $9 per unit
Break even sales in units = 
Difference in original and revised break even = Revised - Original = 500 - 450 units = 50 units,
Thus original break even increases by 50 units, = 50/450 = 11.11% increase.
Final Answer
It increases by 50 units.
Answer:
$522,000
Explanation:
The computation of the Kendall Ford's total investment spending in 2018 is shown below:
= Dealership spent + repairing cost + unsold cars and trucks were valued i.e closing cost - unsold cars and trucks were valued i.e opening cost
= $20,000 + $2,000 + $900,000 - $400,000
= $522,000
The $600,000 would be ignored and the rest cost are taken for the computation
Answer:
both income from operations and gross profit.
Explanation:
As we know that
The income statement recognized the revenues earned and the expenses incurred for a particular period
And the multiple-step income statement refers to the classification of expenses like
The format is shown below:
Sales XXXXX
Less: Cost of goods sold XXXXX
Gross profit XXXXX
Less: Operating expenses
Administrative expenses XXXXX
Selling expenses XXXXX
Operating income XXXXX
Non operating income or others
Less: Interest expense XXXXX
Rent revenue XXXXX
Net income XXXXX
Therefore, the third option is correct
Answer is in the photo. I can only upload it to a file hosting service. link below!
tinyurl.com/wtjfavyw
