Variable costs include only variable manufacturing costs, such as direct materials, direct labor, and variable manufacturing overhead in a unit of a product. “Variable costing income statement is one where all variable expenses are sub.
Hypothetical tax:
Is a reduction in salary which estimates the amount of tax that you would have to pay if you had not gone on assignment. This amount is only an estimate. You will still need to file your tax return and settle the final liability with your employer on a tax equalization.
Hypothetical Income Tax means the product of (i) the sum of the highest federal, state, local and foreign tax rates (taking into consideration special rates, e.g., capital gains) applicable to partners of the Blackstone Partners on the last day of the fiscal year to which the distribution under Section 19(b) relates and (ii) the amount of taxable income or gain of the Partnership, and the Manager on behalf of the Partnership, shall not make a distribution to any Partner on account of its interest in the Partnership if such distribution would violate the Act or other applicable law.
Variable costs:
A variable cost is a corporate expense that changes in proportion to how much a company produces or sells. Variable costs increase or decrease depending on a company's production or sales volume—they rise as production increases and fall as production decreases
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Answer:
It will be used to determine the balance of inventory accounts
Explanation:
A production cost detail shows in detail the total cost of producing a product. It includes raw materials as well as operating costs. Product costs would be recorded as a current asset on the balance sheet until the goods have been sold. As an asset, it can either be:
- raw materials inventory,
- work-in-progress inventory,
- finished goods inventory, which would be dependent on how far towards completion the product is.
Answer:
Private property and protection of property rights are important because it helps the economy deal with the issue of resource scarcity by ensuring its use is controlled through ownership. The private owner of a resource is expected to act in their self-interest to develop products
Answer: The World Bank aims to improve living standards
Explanation:
According to this excerpt, one major way that the World Bank differs from a regular bank is that The World Bank aims to improve living standards.
Unlike the other banks such as commercial banks that give out loans or help customers keep valuables, the World Bank is a source of financial and technical assistance to developing countries around the world. They seek to improve the living standards of the people and bring about economic growth.
C. Line
Because the stock prices rise and fall and a line graph best depicts the fluctuation of said prices