Answer:
C. Can be produced only if there is less production of other products.
Explanation:
When a nation's human and material resources are fully employed, then there has to be less production of other products because resources would have to be shifted away from such production and concentrated im producing more of any one item or product.
The above shows a scenario where economizing problem is in force i.e scarcity, which requires proper allocation of resources. It is a major problem faced by many societies and must be solved when there is less production of other products inorder to produce more of any one product.
I believe the answer is: it gives a special tax break to employees who are saving primarily for retirement.
This make the taxpayers able to maxmize their purchasing power prior to their retirement. Which allow them to do things such as putting more money down on their mortrage, improve their standard of living, increasing their life saving, or putting of some of their income in various type of investments.
Answer:
$47439.50
Explanation:
For a single tax payer if your taxable income range is $200,000 - $500,000 then your income tax is $45,689.50 + 35% of amount over $200,000 of taxable income.
Income tax liability = $45689.50+{ 205000-200000)×35%}
$45689.50+(5000×35/100)
$45689.50+(5000×0.35)
$45689.50+1750
= $47439.50
The income tax liability will be $47439.50
Answer:
20,500
Explanation:
The minimum price at split off is the benefit of further processing less the cost of this processing.
product X further process sales value: 35,000
cost of further processing: (15,000)
minimum accepted price at split-off point: 20,500
The reasoning is as follow: the company will sale at leat to break even.
so the product at split off will be sold at cost.
to get 35,500 worth of goods we must add up to 15,000 dollars
so the initial cost is 35,500 - 15,000 = 20,500
Answer:
(A) $731,250
Explanation:
The formula to compute the break-even point in sales dollars is shown below:
= (Fixed expenses or Fixed cost) ÷ (Contribution ratio)
where,
Contribution ratio = Contribution margin ÷ sales
= $208,000 ÷ $650,000
= 0.32 or 32%
And, the fixed expense is $234,000
Now put the values to the above formula
So, the value would equal to
= $234,000 ÷ 32%
= $731,250
