Answer: October 31
Explanation:
It is a 90 day Note so the maturity date will be:
= August 2 + the remaining 29 days in August + 30 days in September + 31 days in October
= October 31
The expiry date will be October 31 as this would be 90 days from August 2, when the note was received.
Answer:
The amounts of pretax and after-tax income can the company expect to earn from these predicted changes are $1,795,000 and $1,436,000 respectively.
Explanation:
The sales less the variable cost gives the contribution margin.
The contribution margin less the fixed cost gives the net operating income. Furthermore, net income is the difference between the total sales and the total costs (fixed and variable).
Both sales and variable cost are dependent on the number of units sold.
with these expected changes,
Pretax Income
= 40,500($205 - $145) - $635,000
= $1,795,000
After tax income
= 80% * $1,795,000
= $1,436,000
Answer:
Business activities may broadly be classified into two categories namely (A) Industry and (B) Commerce. Industry involves production of goods and services whereas commerce is concerned with the distribution of goods and services.
Explanation:
hope helps
Answer: $16,800
Explanation:
As regards them having two children, their individual taxes is $8,400 for a year. The total amount of their exemptions for tax of 2019 is $16,800
Answer:
- $89,000
Explanation:
The computation of the financial advantage or disadvantage is shown below:
= Contribution margin loss - fixed expense
where,
Contribution margin is - $246,000
And, the fixed expense would be
= Advertising (for the bilge pump product line) + Salary of product-line manager + Insurance on inventories
= $23,000 + $126,000 + $8,000
= $157,000
Now put these values to the above formula
So, the value would equal to
= - $246,000 - $157,000
= - $89,000
All other information which is given is not relevant. Hence, ignored it
