Answer:
The computations are as follows
Explanation:
a) Before tax income is
= After Tax Income ÷ (1 - Tax Rate)
= $58,500 ÷ (1 - 0.35)
= $90,000
b) Total Contribution Margin
Contribution Margin = Fixed Costs + Before Tax Income
= $190,000 + $90,000
= $280,000
c) Calculation of Total Sales
Variable Cost is 75% of Sales
SO, Contribution Margin 25% of Sales
Contribution Margin = $280,000
25% of Sales = $280,000
Sales = $280,000 ÷ 25%
= $1,120,000
d) Break Even Point in dollars
Break Even Point in dollar = Total Fixed Costs ÷ Contribution Margin percentage
= $190,000 ÷ 25%
= $760,000
We simply applied the above formula
Answer:
The annual payment is $3,758.72
Explanation:
Amount borrowed = $20,000
Annual Interest Rate = 8%
Number of payments = 8
Let annual payment be $R
$20,000 = $R/1.08^2 + $R/1.08^3 + $R/1.08^4 + $R/1.08^9
$20,000 = (1/1.08) ×[$R/1.08 + $R/1.08^2 + $R/1.08^3 + $R/1.08^8]
$20,000 = (1/1.08)×$R×(1 - (1/1.08)^8) / 0.08
$20,000 = $R×5.32096
$R = $ 3,758.72
Therefore, the annual payment is $3,758.72
Answer:This violates no federal law
Explanation:
Federal laws are bills that have passed both houses of Congress, been signed by the president, passed over the president's veto, or allowed to become law without the president's signature. Individual laws, also called acts, are arranged by subject in the United States Code.
Answer:
$12.78
Explanation:
If you use I=PrT plug in 175,000 for I and then 13600 for P and then for time (T) plug in 1 year. The rate would be 12.92 which is closer to 12.78.
Answer:
The answer is B. buy and sell from their own inventory
Explanation:
A dealer is someone who buys and sells from its own account or inventory.
A dealer is a seller to an investor that wants to buy securities and he is also a buyer to an investor that wants to sell his securities.
A broker is different from a dealer in that it transacts(sells or buys securities) on behalf of his or her clients.