The major reason for making this type of ownership change is liability protection. A sole proprietor is personally responsible for all the debts his company generates, he can lose everything he has if he generate a big debt. In corporations, there is corporate liability shield which protects the owners of the company from loosing their personal assets as a result of business liability.
Answer:
Yankee Zoro
Break-even units 47000 188000
Explanation:
Break even for multiple products = Total fixed costs/ (weighted average selling price- weighted average variable cost)
weighted average selling price = ($295 * 20%) + ( $215 *80%) = 59+172=$231
Weighted average variable cost = ($160 * 20%) +( $140*80%)=32+112=$144
weighted average contribution = $231-$144 = $87
breakeven = $20,445,000/$87= 235000 units
for Yankee = 235000*20%= 47000
for Zoro = 235000*80%= 188000
Answer:
Short 1 ABC Jan 30 Call
Explanation:
Investors create a "bear call spread" by first purchasing a call option at a certain price (in this case 40), and then selling an equal amount of calls with a lower price (in this case 30). Both call options expire must expire at the same date. The investors will do this because they believe that the price of an asset will decrease, that is why it is called a bear spread.
Answer:
$200
Explanation:
Data provided in the question:
Sally is single and age = 60
Amount contributed by Sally to her IRA = $2,000
AGI on her return = $26,000
Now,
For single and aged 60:
The maximum eligible contribution per taxpayer will be $2,000
The credit rate = 10%.
Therefore,
The maximum credit that Sally will get
= 10% of Amount contributed by Sally to her IRA
= 10% of $2000
= 0.10 × $2,000
= $200
The rate at which the currancy of other countries are brought
