The economic freedom of the world measure indicates that the united states

Net income increases when: Group of answer choices fixed costs increase. depreciation increases. the average tax rate increases.

worty [1.4K]

Net income increases when "revenue" increases.

<h3>What is revenue?</h3>

The overall revenue generated by a business over a predetermined period of time. This can be done by-

The entire income generated by a specific source, such as a property with high predicted yearly returns.

The total income a financial investment generates.
The amount of revenue that a political entity, such as a country or state, collects and deposits into the treasury for use by the general public.

The simplest way to determine revenue is to multiply the total number of units sold by the selling price.
A company's earnings, or bottom line, will be lower than its sales because revenues do not take expenditures or expenses into account.

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5 0

2 years ago

Short Corp. reported net income of $63,000 for the year and had a tax rate of 30%. Net sales were $300,000 and Operating expense

Mekhanik [1.2K]

Answer:

Cost of goods sold : $ 120.000

Explanation:

income before taxes : 63000 / 0.7 = 90000

(+) expenses 90.000

Total 180.000

(-) net sales 300.000

= cost of goods 120.000

7 0

3 years ago

The management at ABC Computers believes that high sales will result in high profit. Together with the company sales force, mana

dimaraw [331]

Answer:

<u><em>Sales</em></u>-Oriented

Explanation:

A Sales-Oriented Company's main focus is on <em>producing a sales team to advertise and market their products or services.</em>

Generally, such strategies are made through door-to-door sales, telephone conversations, and other encounters with prospective customers or opportunities.

The sales team is typically the business's greatest resource and the <em>primary driver of its growth and productivity.</em>

7 0

2 years ago

Monica received an inheritance of $70,000. She invested part at 11% and deposited the remainder in tax-free bonds at 10%. Her to

erica [24]

Answer:

The correct answer is $50,000.

Explanation:

According to the scenario, the given data are as follows:

Amount = $70,000

Invested at rate = 11%

Tax free investment = 10%

Total income from investments = $7,500

So , we can calculate the invested at 11% by using following formula:

Let the amount invested at 11% = X

So,

= 11% × X + (70,000 - X) × 10% = $7,500

= 0.11 × X + (70,000 - X) × 0.1 = $7,500

= 0.11X + 7,000 - 0.1X = $7,500

= 0.11X -0.1X = $7,500 - $7,000

= 0.01X = $500

X = $500 / 0.01

= $50,000

Hence, the amount invested at 11% is $50,000.

5 0

3 years ago

Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated

AnnyKZ [126]

Answer:

$15.34

Explanation:

The formula and the computation of the predetermined overhead rate is shown be

Predeterminer overhead rate = Manufacturing overhead ÷ direct labor hours

where,

Manufacturing overhead is

= $359,860 + $8,300

= $368,160

And, the direct labor hours is 24,000

So, the predetermined overhead rate is

= $368,160 ÷ 24,000

= $15.34

4 0

3 years ago