Answer:
The current BEP is 727 units
with the proposed change it will be 875 units
The change increase the break even point by 148 units
Explanation:
The BEP in units will be:
Where:
40 - 18 = 22 contribution margin
then we calcualte BEP
16,000 / 22 = 727,27 units
<u>with the proposed change:</u>
40 - 16 = 24 contribution margin
16,000 + 5,000 = 21,000 fixed cost
21,000 / 24 = 875
875 - 727 = 148
Estimated tax<span> is a method of paying </span>tax on income that is not subject to withholding tax<span>. This can include income from self-employment, business earnings, interest, rent, dividends and other sources.</span>
No, the estate of monique chablis does not required to file the income tax return.
Given that the income of monique chablis is $390.
We are required to find whether monique chablis is required to file the income tax return or not.
No, the estate of monique chablis is not required to file the income tax return because the income is less than $600.
Income tax is a direct tax paid by income earners to government.
Income tax return is nothing but the annual record of your income.
The person whose income exceeds the limit has to file income tax return and the limit is decided by the government.
Hence it is said that the estate of monique chablis not required to file income tax return.
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Answer:
It isn't a violation of the law of demand. It is as a result of the elasticity of demand.
A tax is a compulsory sum levied on a good or service. Taxes increases the price of products. In determining whom should bear the greater burden of the tax between the consumer and the seller, elasticities are usually considered. The party with either a relatively inelastic supply or demand bears the greater burden of tax while the party with the more elastic demand or supply bears less burden of tax.
Demand (supply) is elastic if a small change in price has a greater effect on the quantity demanded (supplied).
Demand (supply) is inelastic if a small change in price has little or no effect on the quantity demanded (supplied).
For good X, consumers have an inelastic demand so they bear more of the tax Burden. As a result of the tax, price increases, yet the quantity demanded doesn't change. Therefore, the total revenue would rise.
For good Y, consumers have an elastic demand. Therefore, they bear less burden of tax. As a result of the increase in price, the quantity demanded falls and total revenue falls.
Explanation:
