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3 years ago

A single person making $20,000 would pay ________ per cent on $7,550 and 15% on the remainder..

Business

1 answer:

V125BC [204]3 years ago

8 0

Answer:

10 per cent.

Explanation:

$7,550 falls under 10% in the marginal tax rate for a single person.

The remainder is $20,000 - $7,550

= $12,450.

That falls under 15%.

Therefore a single person making $20,000 will pay 10% for $7,550.

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Endless Mountain Company manufactures a single product that is popular with outdoor recreation enthusiasts. The company sells it

elixir [45]

Answer:

1. a. Total Fixed Cost $468,000

b. Variable cost per unit sold $1.25

c. Contribution margin per unit $10.5

d. Break even point in unit sales 44,571 units

e. Margin of Safety 10.8%

f. Degree of operating Leverage 2.3%

Explanation:

Margin of Safety : Current sales in units - Break even Sales in units

Break even Point in unit sales = Fixed cost / contribution margin

Degree of operating leverage = % change in operating leverage / % change in sales

{[667088 - 525218 ] / 667,088]} / {[55,000 - 50,000] / 55,000}

21 / 9.09 = 2.3%

Contribution Margin : Selling price per unit - Variable cost per unit

$32 - $21.5

2. <u>Income Statement 2022</u>

Sales 2,848,000

Cost of goods sold 1,998,732

Gross Margin 849,268

Selling and administrative cost 579,250

Operating profit 270,018

Interest Expense 9,642

Net profit 260,376

4 0

3 years ago

Does the seller's agent represents the broker True or false?

Tpy6a [65]

False, because the answer is false false

4 0

2 years ago

The cost of a plant asset includes the following? depreciation expense disposal cost purchase price cost to prepare it for use

s344n2d4d5 [400]

TRUE, the cost of a plant asset includes depreciation expense disposal cost purchase price cost to prepare it for use.

The monetary value of an asset decreases over the years because of use, wear and tear or obsolescence. This lower is measured as depreciation. Description: Depreciation, i.e. a lower in an asset's cost, can be as a result of some of other factors as nicely including detrimental market conditions, and so on.

Depreciation represents the predicted discount in cost of a hard and fast property within a fiscal yr. Tangible belongings, along with homes, systems, cars and so forth, are purchased in massive lump sums.

An example of Depreciation – If a shipping truck is purchased by using a business enterprise with a fee of Rs. 100,000 and the expected usage of the truck are five years, the commercial enterprise may depreciate the asset under depreciation cost as Rs. 20,000 every 12 months for a duration of 5 years.

Learn more about depreciation here:brainly.com/question/1203926
#SPJ4

4 0

1 year ago

Need help asap!!!! pls

kap26 [50]

Answer:

I'm pretty sure it b, and if it's not I am so srry

6 0

3 years ago

Which of the following actions should the customer support manager take to best motivate these employees? Share trends in averag

Evgesh-ka [11]

Answer: Place a widget on employees’ computer screens that flashes a happy face every time the average customer wait is less than 2 minutes.

Explanation:

Good emotional display go a long way in encouraging people who work for an organization and it in turn reflects on how well they would treat the customer's. Employees are further encouraged when they are not under excessive pressure by either employer or the customer's but are rather given an environment void of worries, it helps them respond well and carefully. The customer support manager placing a widget on employees’ computer screens that flashes a happy face every time the average customer wait is less than 2 minutes sends a relief message to the employees to carry out their work with ease.

4 0

3 years ago