Answer:
(a) 242,500 units
(b) 267,500 units
Explanation:
(a) Break-even point in sales units:
= Fixed costs ÷ (Selling price per unit - Variable cost per unit)
= $4,850,000 ÷ ($80 - $60)
= 242,500 units
(b) Break even point in sales units if the company desires a target profit of $500,000:
= (Fixed cost + Target profit) ÷ (Selling price per unit - Variable cost per unit)
= ($4,850,000 + $500,000) ÷ ($80 - $60)
= $5,350,000 ÷ $20
= 267,500 units
Answer:
The answer is below
Explanation:
a)
Gross income = Marc salary + Michelle salary + corporate bond interest = $69200 + $13950 + $1150 = $84300
AGI deductions = contribution + alimony = $3150 + $2150 = $5300
Adjusted gross income = Gross income - AGI deductions = $84300 - $5300 =$79000
Let us assume married filing jointly = $24000
Itemized deductions = $7300
Greater of married filing jointly and Itemized deductions = married filing jointly = $24000
personal and dependency exemptions = $4050 per person
Therefore personal and dependency exemptions for Marc, Michelle and their child = 3 * $4050 = $12150
total amount of Marc and Michelle's deductions from AGI = Greater of married filing jointly and Itemized deductions + personal and dependency exemptions = $24000 + $12150 = $36150
b) Adjusted gross income = Gross income - AGI deductions = $84300 - $5300 =$79000
Two criminal justice careers with the same skillset would be corrections officer & police officer. The similar skillset I see being useful in job performance would be verbal communication skills to question, talk, listen to people they serve. The second skillset would be physical stamina to walk, bend, carry extra gear, drive long distances.
These are just two examples. There are others you might identify as being important too.
Answer:
- Yes it is.
- Ethical issue ⇒ Insider Trading.
Explanation:
Trading on the stock exchange is supposed to be as fair as possible so that every investor has a fair chance of making returns. If a person - like this supervisor - is using information that is material but not publicly disclosed yet to trade on markets, the fairness of the market is compromised because the person will have an edge over other investors which will enable them make unfair profits.
Information on quarterly returns is usually material so we can expect it to be material here as well which means that the supervisor is engaged in insider trading.
Insider trading is not only unethical but also highly illegal. Reporting your supervisor can get them sent to jail.
Answer:
Debit to Salaries and Wages Expense for $40,000
Explanation:
Based on the information given we were told that Salaries and wages was the amount of $40,000 which means that The Appropriate journal entry to record the monthly payroll on June 30 would include a DEBIT TO SALARIES AND WAGES EXPENSE FOR $40,000
Debit to Salaries and Wages Expense for $40,000
(To record monthly payroll)