Answer:
Effect on income= -$22,000 decrease
Explanation:
Giving the following information:
Contribution margin $30,000
Fixed expenses ($40,000)
Net operating loss ($10,000)
<u>If a product line provides a positive contribution margin, generally it is convenient to continue production, at least in the short term.</u>
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Effect on income= avoidable fixed costs - contribution margin
Effect on income= 8,000 - 30,000
Effect on income= -$22,000 decrease
Answer:
16.7 percentage
Explanation:
bond price = $1000 - $100 = $900
fixed amount / bond price * 100 = IR
(150/900) * 100 = 16.7%
The reason for this equation is that interest rate is the amount a lender charges for the use of assets expressed as a percentage of the principal.
originally the price if the bond is $1000 which later falls by $100, so that leaves us to a $900 bond rate.
The interest rate is typically noted on a annual basis known as the annual percentage rate (APR).
Answer:
The E.E.O.C: Equal Employment Opportunity Commission
Explanation:
Hope This Helps!!
42,750 = gross income standard deduction reduces your taxable income - 5700.00 exemption acts like a tax deduction, reducing taxable income - 3650.00 IRA contributions are tax deductible - 537.56 donating to charity is tax deductible - 918 mortgage interest payments are tax deductible - 1351.35 income NOT taxable - 5700 + 3650 + 537.56 + 918 + 1351.35 = 12,156.91. 42,750.00 - 12,156.91 = 30,593.09 <---taxable income I think I did this correctly, but just in case, you might want to get a second opinion :)
Answer:
A) True
Explanation:
The internal control structure deals with the rules, laws, procedures, practices that vary from company to company that are necessary to attain an organization's goals and objectives.
The substantive testing is an audit process aimed at checking the accuracy and reliability of the financial statements. To check if the financial statements are free from any errors, mistakes, fraud, etc. that can change users' decisions.
The financial statements should be relevant, reliable and finalize in all respects.
Therefore, a strong internal system will reduce the quantity of substantive testing required.
