Answer:
a) net income will increase
Explanation:
According to my research on different financial processes, I can say that based on the information provided within the question in this situation net income will increase. This is because at the time the sales invoice is issued, the client has not paid. Therefore once he pays in the future the business will receive that money and in term cause the net income to increase. Net income is what remains of a company's revenue after subtracting all costs, in other words the earnings of the business.
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Answer:
<em> 334 units </em><em>sales increase during the month must be required to justify the contemplated expenditure</em>
Explanation:
If management proposes an increase in monthly promotional costs (which is a fixed cost), then the units required to at least cover these extra fixed costs (break -even) must be determined.
<em>Break -even (units) = Fixed Cost / Contribution per unit</em>
<em> </em><em>= $1,600 / ($8.00 - $3.20)</em>
<em> = $1,600 / $4.80</em>
<em> = 333.333</em>
<em> = 334</em>
<em>Therefore, 334 units must contemplate this expenditure</em>
Answer:
Usually, passive loss cannot be taken without passive gain.
but when that passive activity interest has been sold in that year, the loss in that activity can be taken
Explanation:
Answer:
opportunity cost
Explanation:
opportunity cost means the cost a person must pay for chosing one of two alternatives.
