Answer:
The correct answer is letter "B": Explain to Aurora that she must report all her business income and expenses.
Explanation:
The Internal Revenue Service (IRS) offers tax credits to taxpayers in different situations to benefit them with discounts and promote the proper filing of their yearly income. In front of a possibility on a tax credit for Earned Income, the taxpayer must <em>include all the information on revenues and expenses incurred during the period</em>. This typically applies to self-employed taxpayers.
This would be job order production because it’s the each customized product that is manufactured separately!
Hope this helps.
Answer:
The break-even level of sales is equal to 3372.64 pounds.
Explanation:
The quantity of fish sold per month is 3,200 pounds.
The price of fish is $2.90/pound.
The variable cost per pound is $2.22.
The monthly required return is 1.2%.
Contribution per unit will be
=Selling Price-Variable Cost
=$2.9-$2.22
=$0.68 per unit
Loss on account of changing to net 30 policy
=Quantity*Selling Price*required return
=Quantity*$2.9*1.2%
To break even, excess Contribution should be equal to loss on policy change
or,
Here, we assume quantity to be X
(X-3200)*$0.68 = X*$2.9*1.2%
(X-3200)*19.54= X
18.54X=$62,528.74
X=
X=3372.64 pounds