Answer: $150,000
Explanation:
Seeing as the litigation expense will only be paid in 2018, it should be added back to income for 2015.
= 900,000 + 100,000
= $1,000,000
As the depreciation will reverse evenly over the next three years and with future income probable, it should be removed from income.;
= 1,000,000 - 300,000
= $700,000
Municipal Bonds have the advantage of being Tax-exempt so their interest income should be removed to calculate how much tax should be paid.
= 700,000 - 200,000
= $500,000
2015 Income Tax Payable = 500,000 * 30%
= $150,000
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The first step in making a choice is to define the issue at hand. When making judgments, related costs and benefits should be evaluated. When making judgments, extraneous costs and advantages should be overlooked.
Answer:
Name
Address
Contact Number
Objective
Work Experience
Extra Curricular Activities
School Graduated
Referral
Signature
Explanation:
Simple steps in making a Resume
Answer:
Contribution margin per unit = $18.55
Explanation:
Contribution margin = Net sales value - Variable cost per unit.
Variable cost per unit will be same as that of average variable cost, as is completely proportional to number of units.
Variable cost is 100% avoidable for the units not produced.
Thus,
Total Variable cost per unit shall be:
Direct material = $5.50
Direct Labor = $3.95
Variable manufacturing overhead = $1.95
Sales Commission = $1.20
Variable administrative expense = $0.85
Total variable cost = $13.45
Selling price per unit = $32.00
Therefore, contribution margin per unit = $32 - $13.45 = $18.55
