<span>An increase in the marginal income tax rate is likely to decrease the quantity of labor supplied. because the increase in the tax automatically reduces the profit of the firm. the management will always try to compensate their loss by taking necessary reforms or measures. the first and simplest method to reduce the loss is to cut down the expense by reducing the labour involved.</span>
Answer and Explanation:
a. The computation of the weighted average contribution margin ratio is shown below:
The Contribution margin ratio is
= (Combined contribution ) ÷ (Sales)
= ($60,000 + $180,000) ÷ ($1,000,000)
= ($240,000) ÷ ($1,000,000)
= 0.24
b. Now the break even point in dollars is
= Fixed cost ÷ contribution margin ratio
= $300,000 ÷ 0.24
= $1,250,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
B. Depletion will be $950,000 during 2018
Explanation:
Cost $10,000,000
Residual Value ($500,000)
Cost to be depleted $9,500,000
No. of Carats to be extracted over the life of mine 500,000
Per carat depletion (9,500,000/500,000) $19
Depletion for the year 2018 $19*50,000=$950,000
This will be deducted from revenue as depletion for the year.So option B is correct.
Answer:
Private security guards provide security for people and facilities. They typically deal with issues related to trespassing, burglary, theft, or threats to their clients.
Explanation:
Answer: 0.78 pound mark exchange rate
Explanation:
The Purchasing power parity (PPP) is typically used to make comparison between the currencies of different countries' currencies and also used in comparing their standards of living.
According to PPP, the pound-mark exchange rate in 2003 will be calculated as:
= 280/360
= 0.78
