Answer:
B
Explanation:
The cyclically adjusted budget balance is what the budget balance of an economy would be if the GDP was at its potential. It is also known as the known as the full employment budget balance
Answer:
net income $72,000
Explanation:
The computation of the amount that should be reported is shown below:
Revenue $600,000
less:
operating expense -$420,000
restructing costs -$100,000
interest expense -$20,000
Add: gain on sale of investments $30,000
EBIT $90,000
less income tax at 20% - $18,000
net income $72,000
Answer:
Assets= 15,000
Liabilities= 10,000
Owner's equity= 5,000
Explanation:
When he invests 5,000 of his own money that 5,000 is an asset as it is cash and the 10,000 he borrows is also an asset as it is cash. The liabilities are 10,000 as he has to pay 10,000 back and it is a loan so it is a liability also.
The owners equity is 5,000 as he invested 5,000 of his own money in the business and that is owners equity.
Answer:
Corporation.
Explanation:
A corporation is an organization, often made up of a group of people or a company, authorized by the state to act as a single entity (a legal entity, a legal person in legal context) and recognized by law for certain/specific purposes. Early incorporated entities were established by charter (i.e. by an ad hoc act passed by a parliament or legislature), not registration. Although most jurisdictions now allow the creation of new corporations through registration.
Answer: 5,000 units
Explanation:
Break-even points in units is calculated by;
= Fixed Costs / Contribution Margin per unit
Contribution Margin
= Sales - Variable Costs
= $40 - ( 40 * 40%)
= 40 - 16
= $24 per unit
Breakeven point
= 120,000/24
= 5,000 units
