Answer:
Thiru Sandeep Saxena, IAS, Additional Chief Secretary to Government, Environment and Forests Department, Government of Tamil Nadu.
Answer:
The break-even point in dollar sales for the Retail segment equals to $175,000
Explanation:
Break-even point is the point of sales where the business incur no profit and no loss. Business fulfills all the variable and fixed cost requirements at this point.
Retail segment
Contribution margin ratio = 40%
Fixed Expense = $70,000
Break even sales revenue = Fixed cost / Contribution margin ratio
Break even sales revenue = $70,000 / 40%
Break even sales revenue = $175,000
This is because a loss would be recorded (debit) and liability established (credit) in advance of the settlement.
Responsibility is the responsibility of the individual or company and is usually the amount. Debts are settled over time by the transfer of economic interests, including money, goods, or services. The liabilities shown on the right side of the balance sheet include loans, liabilities, mortgages, income receivable, borrowings, guarantees, and accrued expenses.
Liability can be compared to assets. Debt is what you owe or owe. An asset is something you own or owe.
Main findings
Responsibility (generally) is something that owes someone else.
Liability may also mean legal or regulatory risk or obligation. In
accounting, companies compare liabilities to assets.
Current liabilities are short-term financial liabilities of companies that are due within a year or within the normal business cycle (such as accounts payable).
Long-term (long-term) liabilities are liabilities that are recorded on the balance sheet and are due within one year.
Learn more about Liability here: brainly.com/question/24534918
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Compared to commercial banks, finance companies usually signal solvency and safety concerns by holding higher capital-asset ratio
Answer: $3,500
Explanation:
The American Opportunity Tax Credit is a credit offered by the IRS for educational expenses paid on qualified students in their first 4 years of tertiary education.
The credit offered stands at a 100% of the first $2,000 paid per student. Afterwards this drops to 25% for the next $2,000.
To be able to claim the full credit however, some income conditions must be met. The most relevant to this question is that your Modified Adjusted Gross Income (MAGI) should be $80,000 or less if filing singularly or $160,000 or less if jointly signing as a married couple.
That means that Kyle and Alyssa qualified for 100% of this credit.
They get to claim $1,000 on Jane.
For Jill they get to claim the first $2,000 and then 25% of the next $2,000,
= 25% * 2,000
= $500
= 500 + 2,000
= $2,500
They get to claim $2,500 on Jill.
Total of $3,500 for both Jane and Jill.
