Answer:
getting car insurance is the correct answer.
Explanation:
Answer:
(a) $40
(b) $24,000
(c) 40%
Explanation:
Given that,
Selling price = $100 per unit
Variable costs = $60 per unit
Fixed costs = $2,500 per month
Contribution margin per unit:
= Selling price - Variable costs
= $100 per unit - $60 per unit
= $40
Total Contribution margin:
= Contribution margin per unit × No. of units sold
= $40 × 600 units
= $24,000
Contribution margin ratio:
= (Selling price - Variable costs) ÷ Selling price
= ($100 per unit - $60 per unit) ÷ $100 per unit
= 0.4 or 40 %
Answer: $88,400
Explanation:
My corporation Plc
Corporate tax for the year
Operating incom $250,000
Interest received $10,000
Interest paid ($45,000)
Dividends received $6,000
Taxable income $221,000
Since the tax rate is 40%
Tax= 0.4x($221,000) = $88,400.
NOTES
Taxable income is (250000+10000+6000-45000)
Interest paid is in bracket because it's a deduction.
70% of dividends received is excepted from tax
0.3x20000=$6000
Dividends paid out is after tax has been deducted.
The life insurance policy in which death benefits last a lifetime but premiums are all paid after a specified time period is a limited-pay whole life policy.
When a debtor offers to pay a lesser amount than the creditor originally claimed was owed, and a creditor accepts, the agreement is called <u>Accord and Satisfaction</u>
<u></u>
<h3>Who is a debtor?</h3>
A business or person that owes money is called a debtor. If the debt is in the form of a loan from a financial institution, the debtor is referred to as the borrower, and if the debt is in the form of securities, such bonds, the debtor is referred to as the issuer. A voluntarily petitioner for bankruptcy protection is likewise regarded as a debtor for legal purposes.
<h3>Who is a creditor?</h3>
Usually through a loan arrangement or contract, a creditor is a person or organization that offers credit to another party so they can borrow money. Creditors can be categorized as personal or actual.
Learn more about creditor
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