Following a budget will help you keep you out of debt if you are currently in debt.
Answer:
Operating income $28,500
Explanation:
The budgeted income is the difference between the budgeted sales revenue and budgeted costs
$
Budgeted revenue ( 12× 500) 54,000
Variable cost (3× 4500) (1,500)
Contribution 52500
Budgeted fixed cost <u>(12,000)</u>
operating income <u> 28,500</u><u>
</u>
Operating income $28,500
Answer:
Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
Answer:
Explanation:
a)
Calculate the tax rate
Tax rate = U.S federal Income tax rate + Effective state income tax rate
= 35.0% +3.5%
=38.5%
b)
Here,
net operating profit=sales - cost of sales-selling,general and administrative expenses
=$30,944,938 -$22,034,523 - $5,205,715
=$3,704,700
calculate the NOPAT.
NOPAT=Net operating profit -provision for income taxes -Tax on intrest
=$3,704,700 - $1,380,642 - (38.5% × 46,400)
=2,306,194.00
Answer:
<u>rate of capital gain</u>
<u>rate of capital gain</u>
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