Answer:
$6450
Explanation:
Given that
Monthly gross income = 3500
Monthly operating expenses = 1100
Tax rate = 25%
Annual cost recovery expenses = 3000
Recall that, taxable income is income less expenses.
Therefore,
Annual gross income = 3500 × 12
= 42000
Annual operating expense = 1100 × 12
= 13200
Thus,
Taxable income = 42000 - 13200 - 3000
= 25800
Tax liability = tax rate × taxable income
= 0.25 × 25800
= $6450
Answer:
B: $12,000
Explanation:
Sarah will pay $ 12,000 as the invoice has a term that indicates a cash discount (2/10) of 2% if payment is made with in 10 days from the date of invoice and (n/30) no discount is given if payment is made after 30 days.
As Sarah paid the invoice after 15 days of invoice assuming the invoice date was 1st June then no discount is received by Sarah.
No interest of late payment has also been charged as it pays the invoice with in the normal 30 days credit limit.
Answer:
The correct word that fills the gap is: sales.
Explanation:
Initially, the Marketing approach was productive, towards production: Marketing aims to achieve greater efficiency in the financial and productive areas of the company.
Subsequently, the emphasis was on the product, but the growing competition and the difficulty of selling production, changed the focus towards sales, the goal was to sell above all and reduce inventories.
Subsequently, the focus is increasingly shifted to the consumer: consumers do not acquire production plants, products or services, buy benefits and utilities, the "expectations of meeting their different needs." The current approach is market-oriented, where the consumer and their needs remain the key, and therefore the competition must also be analyzed, which tries to satisfy the same customer as us. Likewise, the environment that conditions this process and any other critical factor must also be analyzed.
Answer:
The correct answer is (a) $41,800.
Explanation:
Solution:
Given that:
The first step taken is to calculate for depreciation on sold equipment:
Amount($)
Accumulated depreciation in Year -1 (a) = 540000
Depreciation for the year 2 (b) = 48000
Accumulated depreciation to be in year 2 c=(a+b)=588000
Reported accumulated depreciation in year 2(d)=460000
Thus,
Depreciation on sold Equipment e= (c-d) = 128000
Now,
The second step is to calculate sale proceeds:
Cost (a)= 164000
Depreciation(b) =128000
The written dawn value c=(a-b) = 36000
Gain on sale of equipment (d)=5800
The Sale Price (c+d)=41800
Therefore, the sale of the equipment is $41,800
Answer:
A) Lily, must sell a total of 800 plants to break even.
B) If Lily sells 480 units of both A and B she will have a net profit.
D) If Lily’s sales mix changes, her break-even point will stay the same.
Explanation:
break even point = total fixed costs / contribution margin
- total fixed costs = $24,000
- average contribution margin = $30 (same for both plants)
break even point in units = $24,000 / $30 = 800 units
current sales mix:
plants A = 800 units x 60% = 480 units
plants B = 800 units x 40% = 320 units