The answer to this is MEDICAL and DENTAL EXPENSES. This is already a fixed law in terms of expenses deduction which would be based on the adjusted gross income. For individuals below 65 years old, they only have 10%. 65 years old is the temporary threshold and this is an exemption making it 7.5% of their AGI or the adjusted gross income.
Answer:
Total labor cost= $70,000
Explanation:
<u>The supervisor salary is a fixed labor cost, it is unlikely that would change with production.</u>
<u>First, we need to calculate the unitary variable direct labor hour:</u>
Unitary variable direct labor hour= 30,000 / 3,000
Unitary labor hour= $10
<u>Now, the flexible budget for 5,000 hours:</u>
Fixed cost= 20,000
Variable cost= 10*5,000= 50,000
Total labor cost= $70,000
C. Restate the objection. Exchanging "price" for "value".
Answer:
b. revenues minus accounting and opportunity costs.
Explanation:
A normal profit occurs when the amount of profit generated by a company in a given period is equal to the amount of its costs, that is, in this situation the company's profit is sufficient to cover its costs and it manages to continue operating in a market in a way competitive, for this reason the normal profit
The opportunity cost refers to normal profit due to the fact that this is the amount that is equal to zero with respect to economic profit, which is what is necessary for the company to operate when considering the investment made.
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