Answer and Explanation:
The computation is shown below:
But before reaching to the final answers, first determine the contribution margin per unit which is
a. Contribution margin per unit =Sales-Variable cost
= $80 - $43
= $37 per unit
Now
Breakeven = Fixed expenses ÷ Contribution margin
= $340,400 ÷ $37
= 9,200 units
b.Contribution margin = Sales - Variable cost
= $80 - $46
= $34 per unit
Now
New Breakeven = Fixed expenses ÷ Contribution margin
= $270,000 ÷ 34
= 7,941 units
Tax that you pay when making a profit from selling a house is an example of: <span>A. Capital Gains Tax
Every time you sell an asset that is not under investment category, The difference between your selling price with the initial cost when you buy that asset should be recorded as a Capital Gain.
In United states, you're inclined to pay around 28 % from the total capital gain as Capital Gain Tax</span>
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
On a day to day bases, as well with non harmful cleanser
Answer:
Adjusted Bank Balance = $85,000
Explanation:
Adjustment of bank balance is a bank reconciliation procedure, that is used to match the amount in the bank statement with the amount in the company's balance sheet.
To adjust the bank balance, particulars that need to be subtracted or added to the bank statement balance has to be identified and treated accordingly.
For this example, the adjusted balance is calculated thus:
Adjusted bank balance = (Bank statement balance) - (outstanding checks) +(deposit in transit)
Adjusted Bank Balance = 78,000 - 2,400 + 9,400 = $85,000
Note:
outstanding checks are subtracted because they are payments to be made made by the company, representing a liability to the company (payer)
deposit in transit is an income to the company that has not been credited yet, but that will be credited.
