Answer:
The computations are as follows
Explanation:
a) Before tax income is
= After Tax Income ÷ (1 - Tax Rate)
= $58,500 ÷ (1 - 0.35)
= $90,000
b) Total Contribution Margin
Contribution Margin = Fixed Costs + Before Tax Income
= $190,000 + $90,000
= $280,000
c) Calculation of Total Sales
Variable Cost is 75% of Sales
SO, Contribution Margin 25% of Sales
Contribution Margin = $280,000
25% of Sales = $280,000
Sales = $280,000 ÷ 25%
= $1,120,000
d) Break Even Point in dollars
Break Even Point in dollar = Total Fixed Costs ÷ Contribution Margin percentage
= $190,000 ÷ 25%
= $760,000
We simply applied the above formula
Suppose you buy clothes at Mimi's Clothng Shop. Your spending is Mimi's profit.
Answer:
True
Explanation:
Yes, it is true that physical boundaries are the most effective way to uphold the culture system within the boundary. This is because physical boundaries define some set of rules that adhere to specific boundaries only and it is the duty of the native of that boundary to obey that set of rules.
Physical boundaries aside the one legal system within the boundary from the other legal system.
Answer:
$5,000
Explanation:
New total reserve = Existing reserve + Increase in reserve = $20,000 + $5,000 = $25,000
Required reserve still remains at $20,000 because the sale of securities does not change the checkable deposits,
Therefore, we have
Excess reserves = Actual reserve - Required reserve = $25,000 - $20,000 = $5,000
.
Therefore, level of excess reserves the bank now have is $5,000.
Answer:
$27,400 and $59,600
Explanation:
The computation of the depreciation expense and the book value using the sum of-the-years'-digits method is shown below:
Depreciation expense is
= (Purchase cost - residual value) × useful life ÷ sum of years
= ($87,000 - $4,800) × 5 years ÷ (5 + 4 + 3 + 2 + 1)
= $27,400
And, the book value is
= Purchase cost - depreciation expense
= $87,000 - $27,400
= $59,600
