Answer:
(a) $9; 30%
(b) $21,000; 700 units
Explanation:
Given that,
Units sold = 800
Average sales price = $30
Fixed costs = $6,300
Variable costs = 70% of sales
(a) Contribution margin per unit:
= Selling price per unit - Variable cost per unit
= $30 - (70% × $30)
= $30 - $21
= $9
Contribution margin ratio:
= Contribution margin per unit ÷ Selling price
= $9 ÷ $30
= 30%
(b) Break-even sales (in dollars):
= Fixed costs ÷ Contribution margin ratio
= $6,300 ÷ 30%
= $21,000
Break-even sales (in units):
= Fixed costs ÷ Contribution margin per unit
= $6,300 ÷ $9
= 700 units
I think United airline offer large airplanes
Answer:
The answer is B.
Explanation:
Available-for-sale is an equity or debt instrument that is not held to maturity. They are held for the purposes of trading or selling before its maturity. Businesses look for active buyers. They are being reported at their fair value.
If the fair value of this security (available-for-sale instrument) increases, the carrying amount is debited and changes in fair value in shareholders' equity is credited. If the fair value of the investments decreases, the carrying amount is debited and changes in fair value in shareholders' equity is debited.
Therefore, the loss of $2,000 is an adjustment in stockholders' equity on the balance sheet.
Answer:
correct answer is d . $6,778
Explanation:
we get here total federal income tax that will be
as we know that
federal income tax withholding barbara = $2784
federal income tax withholding mark =$2253
form SSA 1099 = $1721
and form 1099 interest income = $20
we get total federal income tax that is sum of all four
total federal income tax = $2784 + $2253 + $1721 + $20
total federal income tax = $6,778
so correct answer is d . $6,778
Answer:
Reason : To ensure constant flow of cash
Explanation:
<u>Accrual Basis of accounting</u> records transactions when they meet definition and recognition criteria of Assets, Liabilities,Equity, Expense and Incomes.
This is different from<u> cash-basis accounting</u> which records transactions at the receipt or payment of cash.
Because of <em>timing</em> difference, the cash transactions (cash basis) can happen a late than the day of recognition of the elements (accrual basis).
Hence Revenue services demand that income tax be calculated on accrual basis to ensure a constant flow of cash whenever an entity transact.
