A typical transition moment one could use to implement a new savings plan is when we get an increment in salary or wages.
<h3>What is a Transition moment?</h3>
A transition moment is used to described a moment between an initial state and a final state.
<h3>What is
savings plan?</h3>
A saving plan is any type of financial plan which aims to encourage saving of money or value for future use.
Hence, a typical transition moment one could use to implement a new savings plan is when we get an increment in salary or wages.
Read more about saving plan
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Answer:
50%
Explanation:
Contribution margin is used to determine the profitability of a product. it is price less variable cost
Contribution margin ratio = (price - variable costs) / price
variable cost = 80 - 20 = 60
price = 120
(120 - 60) / 120 = 50%
A fund formed by periodically setting aside money for the gradual repayment of a debt or replacement of a wasting asset.
Answer:
$900,000
Explanation:
Depreciation for the year $600,000
Employee Bonuses $1,200,000
Total expense for the year $1,800,000
Expense to be reported in interim income statement 1,800,000/2=$900,000
