Answer:
The net book value of the company = $3,415,000
Explanation:
<em>The historical cost concept states that assets should be stated at their historical cost. Under this concept, the value of a company is the the net-book value of its assets. The net book value of an asset is its historical cost less the accumulated depreciation to date.</em>
The book value of the delivery company
Net fixed assets $3, 200,000
Net working capital <u> $215,000</u>
Total book value <u> $3,415,000</u>
The net book value of the company = $3,415,000
Fixed Costs: 420,000
Variable Costs: 65%
Your BREAK-EVEN Point is: $1,200,000 USD or 600 Units @ $200 Each
Market condition is the correct answer.
Answer: d.$1,800 – $1,150 = $650
Explanation:
In 2019, the IRS listed that a Dependent who is claimed by another tax payer ( Tony's Grandmother) can have a tax deduction of $1,100, or their earned income plus $350 depending on which is higher.
Tony's earned income is $800 from his part-time job so his deduction is $1,150 (800 + 350) as this is higher than $1,150.
His tax is therefore,
= Unearned Income + Earned Income - Deduction
= 1,000 + 800 - 1,150
= 1,800 - 1,150
= $650
