Answer:
The break-even point for the entire company is closest to 2 units
Explanation:
The Break even point is the point where a firm neither makes a profit nor a loss.
Break Even Point = Fixed Cost / Contribution per unit
= $45,940 /(($19,000-$10,030)+($32,000-$15,980))
= $45,940/$8,970+$16,020
= 2 units
<h2>Answer</h2>
Shifts outwards
<h3>Explanation</h3>
An outward shift in the economy's production possibilities curve reflects that a capital formation has been achieved or the economy has benefited from technological advancement. This results in increased resources available within the economy and hence positively impact the supply curve of the company allowing the aggregate supply to either elongate or shift outward, later of the option has higher probability to occur.
Answer:
net income $72,000
Explanation:
The computation of the amount that should be reported is shown below:
Revenue $600,000
less:
operating expense -$420,000
restructing costs -$100,000
interest expense -$20,000
Add: gain on sale of investments $30,000
EBIT $90,000
less income tax at 20% - $18,000
net income $72,000
Answer and Explanation:
The appropriate journal entry to record the income tax provision is shown below;
Income tax expense $4,031,000
To Deferred tax asset $31,000 ($76,000 - ($180,000 × $0.25)
To Income tax payable ($16,000,000 × 0.25) $4,000,000
(Being income tax expense is recorded)
Here the income tax expense is debited as it increased the expense, credited the deferred tax asset as it decreased the asset and credited the income tax payable as it increased the liabilities
Answer:
B. credit to Cash Short & Over for $15
Explanation:
