Answer:
Vaughn must sell 1588 Units in 2020 to maintain the same income level as 2019
Explanation:
Selling price for 2020 = 500 per unit
Variable cost for 2020 = 300 x 10% + 300
= 300 x 0.1 + 300
= 30 + 300
= 330 per unit
Fixed cost for 2020 = 240000-10000
= 230000
Required unit = (Fixed cost+Net income)/Contribution margin per unit
= (230000+40000) / (500-330)
= 270000 / 170
= 1588.24
Required unit = 1588 Units
The financial statement called the Statement of Financial Position is also known as the Balance Sheet.
The three accounting elements that are included on this statement are the Assets, Liabilities and Owner’s Equity.
Answer:
E) bait and switch
Explanation:
BAIT AND SWITCH can be defined as a way in which a seller use advert of a low price to deceive and attract customers to their shop in which the products or item advert by seller is not available in order to sell similar or separate product to the customer at a higher price instead of selling the same product with a low price advertised by the seller.
Example a seller may advert a quality Italian shoe with a low price of $50 in order to deceive a buyer or customers to their place of business by then selling a similar product of shoe that looks like the one advertise by them to the customer at a higher price of $300.
Answer:
1. below;
2. the last dollars taxed but not to all income
Explanation:
Given that the average tax rate for individuals is the percentage of income that individuals pay in taxes. While the marginal tax rate applies to a certain part of taxable income, which is usually the last dollar of the income
Hence, Typically, the average tax rate for a person is BELOW his or her marginal tax rate, because the marginal tax rate applies to THE LAST DOLLARS TAXED BUT NOT TO ALL INCOME.
