Identify the issues. Be clear about what the problem is. ...
Understand everyone's interests. ...
List the possible solutions (options) ...
Evaluate the options. ...
Select an option or options. ...
Document the agreement(s). ...
Agree on contingencies, monitoring, and evaluation.
Good luck
Answer:
Azure's taxable income is $544,000.
Explanation:
This can be calculated as follows:
Taxable income = Pretax book income - Excess depreciation + Prepaid rental income + Fines for pollution - Municipal interest income ………………… (1)
Substituting all the relevant values into equation (1), we have:
Taxable income = $543,000 - $20,000 + $36,000 + $10,000 - $25,000 = $544,000
Therefore, Azure's taxable income is $544,000.
Answer and Explanation:
The computation of the total incremental cost is shown below;
For making 53,500 units
<u>Particulars Relevant Relevant Total </u>
<u> Per Unit Fixed Costs Relevant Costs
</u>
Variable Cost
Per Unit $2.95 $157,825
(53,500 units × $2.95)
Fixed
Manufacturing
Costs $67,000 $67,000
Total Incremental Costs to Make $224,825
For making 53,500 units
<u>Particulars Relevant Relevant Total </u>
<u> Per Unit Fixed Costs Relevant Costs
</u>
Purchase
Price
Per Unit $3.50 $187,250
(53,500 units × $3.50)
Total Incremental Cost to Buy $187,250
The company should buy the component from the outside supplier as it saves the cost for ($224,825 - $187,250) = $37,575 plus the buying cost is less than the making cost
If it is a binding price floor, when the law is repealed, quantity demanded increases and quantity supplied decreases.
If it is a binding price ceiling, when the law is repealed, quantity demanded decreases and quantity supplied increases.
<h3>What is a price floor and a price ceiling?</h3>
A price floor is when the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Price ceiling is when the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
To learn more about price floor, please check: brainly.com/question/26551616