Answer:
$740,200
Explanation:
Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.
It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset
Mathematically,
Depreciation = (Cost - Salvage value)/Estimated useful life
Depreciation = (900,000 - 101,000)/5
= $159,800
Book value is the cost net accumulated depreciation
= $900,000 - $159,800
= $740,200
Compared to commercial banks, finance companies usually signal solvency and safety concerns by holding higher capital-asset ratio
a. revenue tariff----------------a 6% tariff on oranges to provide money for the government.
Revenue tariff alludes to a set of rates planned for expanding public revenue. It can likewise be said as a tax exacted on import and fare to fund-raise for the government. Revenue tariff is any schedule or arrangement of rates or changes that are proposed to create income for the government.
b. protective tariff---------a 50% tariff on oranges to shield domestic orange growers from international competition.
Protective tariffs are tariffs that are established with the point of ensuring a domestic industry. Tariffs are likewise forced keeping in mind the end goal to raise government income, or to decrease a bothersome action. In spite of the fact that a tariff can all the while secure household industry and procure government income, the objectives of assurance and income augmentation recommend distinctive duty rates, involving a trade off between the two points.
c. retaliatory tariff-----------a 200% tariff on oranges to reply to a high tariff imposed by another country.
Retaliatory tariff refers to a tariff imposed as a methods for constraining a foreign government and expected to urge the give of correspondence benefits.
Retaliatory tariff is a tariff imposed to pressure another nation into evacuating its own tariffs or making exchange concessions.
Answer:
Results are below.
Explanation:
<u>First, we need to calculate the total fixed costs:</u>
Total fixed costs= 3,500 + (120*2*15)
Total fixed costs= $7100
<u>Now, using the following formula, we can determine the break-even point in units:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 7,100 / (100 - 40)
Break-even point in units= 118.33 = 119 units
<u>Finally, the number of units to earn $10,000 in profit:</u>
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (7,100 + 10,000) / 60
Break-even point in units= 285
