Answer:
net income = $100000
Explanation:
given data
sales = $900,000
cost of goods = $600,000
operating expenses = $200,000
variable = 70%
fixed = 30%
solution
CVP income statement
sales = $900,000
total variable cost = sales - ( cost of good sold ) - (operating expenses )
total variable cost = $900,000 - ( $600,000 × 70% ) - ($200,000 × 70% )
total variable cost = $560000
and
contribution is $340000
fixed cost = ( cost of good sold ) - (operating expenses )
fixed cost = ( $600,000 × 30% ) - ($200,000 × 30% )
fixed cost = $240000
so net income is = contribution - fixed cost
net income is = $340000 - $240000
net income = $100000
Answer:
get better off
get worse off
Explanation:
Import are goods or services produced in other countries that are brought into a country.
Import tariff is a form of tax imposed on imported goods. import tariff increases the price of import. the purpose of import is to discourage import
Intermediate good are goods used in the production of finished. An example of an intermediate good is raw materials
When an import tariff is imposed on an intermediate good, producers that use the intermediate goods would be worse off because the price of intermediate goods needed for production would increase as a result of the tariff. This would increase their cost of production and reduce their profit margins
While the producers of the intermediate good in the country would be better off because they would face less foreign competition. Also, they would benefit from the increased price of the intermediate good. This would increase their profit margins.
Answer:
Date - December 14, 2020
Debit : Dividend $16,000
Credit : Shareholders for dividends $16,000
Date - January 16, 2021
Debit : Shareholders for dividends $16,000
Credit : Cash $16,000
Date - December 12, 2021
Debit : Dividend $62,000
Credit : Shareholders for dividends $62,000
January 15, 2022
Debit : Shareholders for dividends $62,000
Credit : Cash $62,000
Explanation:
Dividends are initially declared before they are paid to the respective shareholders. So it is important to first record the journal at the <em>declaration date</em> of the dividend, then the <em>payment date</em> of the dividend as shown above.
Answer:
b. non-equity-based strategic alliance
Explanation:
In the case of the non-equity strategic alliance, the organizations develop the agreement for sharing the resources without developing the distinct entity or equity i.e. shared.
Non-equity alliances are considered to be loose and not formal as compared to the partnership involving equity.
So as per the given situation, the option b is correct
Answer:
D) $6,400
Explanation:
To calculate the points deducted by Marcia in the current year, we use the following method
Since she collected the loan in July of the current year, there is five (5) months remaining in the current year, for Marcia to deduct any point, the will need to divide the number of month(s) remaining by the money she borrowed while we have have as;
$320,000/ 5
= $64,000
