Answer:
If we use the data of january then the quation of line is
y=mx+c
3500=40000m+2000
3500 is the value on Y axis, 40000 is the value on x axis, m is the slope of the line, 2000 is the Y intersect
the slope of the line will be 3/80 or 0.0375 and this tells the line is positive sloping.
Answer:
Comer's tax liability for 2018 = $33300
Explanation:
Before determining Comer's tax liability for 2018, we need to understand what gross income is and what forms part of gross income. Gross income is total amount of income from various sources minus/plus and additions and deductions. Income from salary is earned in the ordinary course of work/business which is definitely part of gross income. Capital gain is refers to gain/profit/income from sale of capital assets such as property, shares, stocks, piece of land. Any gains and losses form part of gross income and capital losses are reported as deductions meant to reduce investors tax liability just as capital gains should be taxed.
Lets first calculate gross income and then apply tax rate to determine tax liability.
Gross income = salary + Short-term & long-term capital gains - short-term & long-term capital losses
GI = $64000 + $31000 + $9000+$15000 -$2000 -$6000
GI = $111000
Assuming the tax rate is 30%, the tax liability for the year is as follows:
Tax liability = $111000×30%
Tax liability = $33300
<span>If the form of a will is made orally, and written down by a witness, it is called </span>nuncupative (non-culpatory) - meaning oral or dictated; often limited to sailors or military personnel.
Answer:
a. $28 per unit
b. 6,500 units
c. 25,000 units
Explanation:
a. The computation of the contribution margin per unit is shown below:
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $40.50 - $12.50
= $28 per unit
b. The formula to compute the break even point in units is shown below:
= (Fixed expenses ) ÷ (Contribution margin per unit)
= ($182,000) ÷ ($28)
= 6,500 units
c. The formula is shown below:
= (Fixed expenses + target operating income) ÷ (Contribution margin per unit)
= ($182,000 + $518,000) ÷ ($28)
= 25,000 units
Question:
When performing capital budgeting, __________ incurred by a project are irrelevant to future investment decisions.
A) Opportunity costs
B) Depreciation
C) Sunk costs
D) Taxes
Answer:
The correct answer is C) Sunk Costs
Explanation:
Capital Budgeting is the art (most applicable to corporate persons) of planning expenditure that will be incurred in the future, especially on long term assets.
The reason you cannot factor Sunk Cost into a Capital Budget is because of its very nature.
Sunk Costs refer to monies for items that have already been expended and can never be recovered. If it can never be recovered and has <u>already</u> been incurred, it has no role to play in future considerations especially when the purpose of Capital Budgetting is considered.
The primary purpose of a Capital Budget is that it helps to further evaluate the inflow against the outflow of an investment to check whether or not the return is acceptable.
Every other option given in the question above are items that have futuristic qualities.
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