Answer:
Net income= $27,960
Explanation:
Giving the following information:
Fixed costs= $30,000
contribution margin ratio= 0.63
Sales= $92,000
<u>First, we need to calculate the total contribution margin:</u>
Total contribution margin= 92,000*0.63= 57,960
<u>Now, the net income:</u>
Net income= 57,960 - 30,000
Net income= $27,960
Answer: Son's argument should fail
Explanation:
The son's defense will fail because the location of the easement is not governed by reasonableness as it had been established at its current location by the neighbor.
It can not now be changed arbitrarily by the son because the original owner had allowed it to be built. The easement's location is therefore established by actions between the original owner and the neighbor and so it is a binding location.
Answer:
D) $21.6B
Explanation:
Market capitalization equals the total number of outstanding share multiplied by the sare price, therefore:
Market Capitalization = 360,000,000 shares x $60 price per share
= $21,600,000,000
Thus, the total market capitalization is $21.6 billion
Answer:
Sunset Corporation's taxable income is $3,000
Explanation:
Calculation of Sunset Corporation's taxable income is as worked below
Taxable Income = Operating Income - Operating Expenses + Capital Gains - Capital Losses
Taxable Income = $200,000 - $175,000 + $30,000 - $52,000
Taxable Income = $3,000. Hence, Sunset Corporation's taxable income is $3,000
Note that taxable income is the amount of income used to calculate how much tax an individual or a company owes or is going to pay the government in a particular tax year.
