Brenda is not correct because the total value of her assets could be less than the liabilities.
<h3>
What are liabilities?</h3>
A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.
Liabilities on the balance sheet's right side are represented by debts like as loans, accounts payable, mortgages, deferred revenue, bonds, warranties, and accumulated costs.
Assets can be contrasted with liabilities. Assets are items you own or owe money to, whereas liabilities are debts or other obligations.
An obligation between two parties that has not yet been fulfilled or paid for is generally referred to as a liability.
Learn more about liabilities
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Answer: $252 Gain and $93.24 Tax.
Explanation:
To calculate her gain, the gain she accrued from selling the shares AFTER exercising the options shall be used to calculate,
= Sales Price - Price when exercised
= 23 - 20
= $3
Given that she received 12 NQOs with each giving her the right to purchase 7 shares we have,
= 3 * 12 * 7
= $252
Maren realized a gain of $252.
Subject to a tax rate of 37% we have,
= 252 * 0.37
= $93.24
$93.24 is Payable in tax by Maren.
Answer:
Money can easily be divided into smaller denominations is the correct answer.
Explanation:
1. Contribution Margin (in unit sales) = $18
Contribution Margin (in dollar sales) : $ 270,000 (given)
Fixed Cost = $216,000
Break even point (in unit sales) = Fixed Cost ÷ Contribution margin per unit
= $216,000 ÷ 18
= 12000
Break even point (in dollar sales) = Sales price per unit × Break even (in unit)
= $30 × 12000
= $360,000
2. Contribution Margin at the break even point is the total fixed cost ($216,000)
Answer:
Net operating income= 565,000
Explanation:
Giving the following information:
Krazy Kayaks sells its entry-level kayaks for $750 each. Its variable cost is $500 per kayak. Fixed costs are $25,000 per month for volumes up to 1,100 kayaks. Above 1,100 kayaks, monthly fixed costs are $60,000.
Sales= 2,500*750= 1,875,000
COGS= (500*2,500)= (1,250,000)
Gross profit= 625,000
Fixed costs= (60,000)
Net operating income= 565,000
