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3 years ago

Given the following information, the total contribution margin is:

Business

1 answer:

blsea [12.9K]3 years ago

7 0

Answer:

The correct answer is A.

Explanation:

Given the following information, the total contribution margin is:

Sales Revenue $5,000

Variable cost of goods sold 2,700

Full cost of goods sold 2,900

Fixed selling and admin. expenses 1,100

Variable selling and admin. expenses 800

Contribution margin= Sales revenue - total variable cost

CM= 5,000 - 2,700 - 800= 1,500

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Jamie is single. In 2020, she reported $108,000 of taxable income, including a long-term capital gain of $5,800. What is her gro

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Answer:Jamie's gross tax liability is $19,572.50

Explanation:

Since Jamie is single with taxable income of $108,000 which includes $5,800 long term capital gain.

Therefore $102,200 (108,000 -5,800) will be taxed under normal tax rates and $5,800 would be under long term capital gain tax rate.

With regards the 2020 tax schedule, Since her ordinary income is $102,200, Jamie falls under 24% rate tax bracket under filing for single status.

Tax liability on ordinary income =$14,382.50 plus 24% of any income you made above $84,200

14,382.50 + 0.24 (102,200 - 84,200)

14,382.50 + 0.24 x 18000

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Also, according to her income, longterm capital gain tax applicable in 2020 is 15%

Tax on long term capital gain = 5,800 × 0.15

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Jamie's gross tax liability is $18,702.50 + 870 = $19,572.50

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3 years ago

Daphne contracts with speedy builders inc. To construct a six-foot fence around her yard. Daphne’s neighbor rando is delighted b

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If previously there was a letter of agreement, then Daphne can sue the builder quickly for violating the agreement. but if there is no written agreement then Daphne cannot sue the builder quickly.

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A valid employment contract must meet the following criteria and requirements.
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Work Implementation Information
Specific Time Information
Number of Wages Received
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You can learn more about employment agreement here brainly.com/question/28387425

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Cruella Inc. owns 85% of Horace Co. During 20X9, Cruella sells goods to Horace with a 25% gross profit. Horace sold all of these

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Answer:

Option A is the correct answer,no adjustment is needed.

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The same concept is applicable to subsidiaries and parent,the sales recorded from a group perspective is when they sold to external third parties.

When sales happen between related companies, a provision for unrealized profits has to be made to the tune of inventory purchased from related companies not yet sold externally,as the whole of the goods have been to third parties, no such provision or adjustment is required.

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