Answer:
$11,230
Explanation:
The city of Springvale imposed a net income tax on all businesses
Each business will make a payment of 1% for any amount up to $100,000 and 1.5% for any amount above $100,000
The net income generated by Springvale Bar and Grill is
= $782,000- $100,000
= $682,000
Therefore, it's city income tax is calculated as follows
(1/100+100,000) + ( 1.5/100+682,000)
( 0.01+100,000) + ( 0.015+682,000)
= 1000 + 10,230
= $11,230
Hence, Springvale Bar and Grill will pay a net income tax of $11,230
Answer:
Demographic Segmentation
Explanation:
Demographic segmentation is a technique used to divide a large group of potential custoners in to groups depending on their gender, age, location, etnia, income, etc.
In this case AA is segmentating based on gender or location (zip Code)
Demographic segmentation is based on demographic information of the customer and it helps to target the message in order to reach the relevant audience.
Answer:
The correct answer is: 15 points on the History exam.
Explanation:
Opportunity Cost is what a person sacrifices when they choose one option over another. It is calculating by subtracting the return of the best forgone option with the return of the chosen option. The outcome could be beneficial or prejudicial, depending on the case.
In the example (<u>refer to the attached table</u>), if the student chooses to score 94 in the economics exam then the student will get 76 in the History test. Thus, The opportunity cost of getting 94 instead of 77 in the Economics test, implies getting 76 instead of 91 in the History exam. It implies:
- Opportunity cost of the History exam = 91-76
- Opportunity cost of the History exam = 15
<em>The opportunity cost of scoring 94 on the Economics exam rather than a 77 is 15 points on the History test.</em>
Answer:
Dr Accounts payable 1850
Cr Merchandise inventory $37
Cr Cash $1813
Explanation:
Preparation of the journal entry to record the payment on July 12 Using the gross method,
JOURNAL ENTRY
Jul-12
Dr Accounts payable ($2300-450) 1850
Cr Merchandise inventory ($1850*2%) $37
Cr Cash $1813
($1850-$37)
(Being entry recorded for payment to supplier)
Answer:
The company degree of operating leverage is 4
Explanation:
The computation of the degree of operating leverage is shown below:
= (Sales - Variable expense) ÷ (Sales - Variable expense - Fixed expense)
= ($660,000 - $360,000) ÷ ($660,000 - $360,000 - $225,000)
= $300,000 ÷ 75,000
= 4
where,
The (Sales - Variable costs) = Contribution margin
The (Sales - Variable costs - Fixed costs) = EBIT
