Answer:
A) $450.
Explanation:
The computation of the total deductible amount of the expenses is as follows:
In the case of the deduction with respect to the meal cost and entertainment. Only the half of the expense would be deducted i.e. for the business meeting
As in the question the opera tickets is $900 so the half of $900 i.e. $450 would be allowed as a deduction
Therefore the correct option is A.
Answer:
The numbers of product A must be sold to break-even are 800 units
Explanation:
The break-even point is calculated by using following formula:
Break-even point in units = Fixed expense/(Selling price per unit-Variable expense per unit) = Fixed expense/weighted-average contribution margin per unit = $400,000/$100 = $4,000 units
Elise Corporation has the following sales mix for its three products: A, 20%; B, 35%; and C, 45%.
The numbers of product A must be sold to break-even = $4,000 x 20% = 800 units
Well it is a graph or diagram that can show a lot of information and It may convey a point better then just a piece of writing
Answer:
The maximum amount of money First National Bank can create is $50,000
Explanation:
The computation of the maximum amount of money is calculated by applying the formula which is shown below:
The Maximum amount of money = Reserve amount × (1 ÷ required reserve ratio)
= $10,000 × (1 ÷ 20%)
= $10,000 × 5
= $50,000