Answer:
A
Explanation:
Nonprofit corporation are corporations that do not earn profits. Revenue earned are usually used in the running of the business or for they are donated.
These type of corporations are usually tax exempt. Their activities usually range from religious, charitable or scientific activities
Renata and Danuta are running a charitable organisation that would be catering for homebound destitute
Answer:
c. $11,480
Explanation:
Given that
Cost recovery allowed Cost recovery allowable
Year 1 $16,000 $8,000
Year 2 $9,600 $12,800
Year 3 $5,760 $7,680
The computation of gain should Tara recognize is shown below:-
Cost $40,000
Less:
Greater cost of recovery
allowable or allowed
Year 1 $16,000
Year 2 $12,800
Year 3 $7,680 $36,480
Adjusted basis $3,520
Gain to be recognized = Residual value - Adjusted basis
= $15,000 - $3,520
= $11,480
So, for computing the gain to be recognized we simply deduct the adjust basis from residual value.
Answer:
Financial disadvantage of 138,600
Explanation:
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The allocate cost and teh depreciation cost will be unavoidable, so should be considered as a cost for the purchase option
Also the inocme from teh additional segment is only considered for the purchase option
<u>The avoidable cost will be:</u>
Direct Materials
Direct Labors
Variable overhead
Supervisor
Thse cost are zero in the purchase escenario
Answer:
The correct answers are:
1. Actor, writer, musician : entertainment.
2. Dietician, optician : health care.
3. Litigator, paralegal, attorney : legal industry
Explanation:
Industries dedicated to consumer service are those whose product is directed directly to a consumer, and not to a company.
The product they offer is a service, and not a material good.
These industries will have professionals or people specialized in the subject who will be in charge of offering and selling this product.
That is what we see in the examples.
The health industry will offer services dedicated to health, therefore it will have professionals dedicated to this field.
The legal industry will have services dedicated to legal issues such as a lawyer, a litigator, etc.
And the entertainment industry will be dedicated to shows, this is where actors, musicians or writers come in.
Answer:
The break-even point in economics, business—and specifically cost accounting—is the point at which total cost and total revenue are equal, i.e. "even". There is no net loss or gain, and one has "broken even", though opportunity costs have been paid and capital has received the risk-adjusted, expected return.
Explanation:
