Variable costs include only variable manufacturing costs, such as direct materials, direct labor, and variable manufacturing overhead in a unit of a product. “Variable costing income statement is one where all variable expenses are sub.
Hypothetical tax:
Is a reduction in salary which estimates the amount of tax that you would have to pay if you had not gone on assignment. This amount is only an estimate. You will still need to file your tax return and settle the final liability with your employer on a tax equalization.
Hypothetical Income Tax means the product of (i) the sum of the highest federal, state, local and foreign tax rates (taking into consideration special rates, e.g., capital gains) applicable to partners of the Blackstone Partners on the last day of the fiscal year to which the distribution under Section 19(b) relates and (ii) the amount of taxable income or gain of the Partnership, and the Manager on behalf of the Partnership, shall not make a distribution to any Partner on account of its interest in the Partnership if such distribution would violate the Act or other applicable law.
Variable costs:
A variable cost is a corporate expense that changes in proportion to how much a company produces or sells. Variable costs increase or decrease depending on a company's production or sales volume—they rise as production increases and fall as production decreases
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Answer:
False
Explanation:The Par value of a stock is has a different value when compared with its market value. Well established companies usually have have a higher market value when compared to its par value. The par value of a stock can be represented in three different ways
1) When the par value of a stock is equal with the market value.
2) When the par value of a stock is lower than the market value.
3) When the par value of a stock is Higher than the market value.
WHEN THE PAR VALUE OF A CAPITAL STOCK IS EQUAL TO THE CAPITAL STOCK IS ISSUED WITH THE PAR VALUE ONLY WHEN THE PAR VALUE IS EQUAL TO THE MARKET VALUE.
Answer:
The amount of cash paid for intrest expense during the year was $ 41.500.
Explanation:
Cash paid for interest expense = bond interest expense + Decrease in premium on bonds payable account
= $ 40,000 + $ 1,500
= $ 41,500
Therefore, the amount of cash paid for intrest expense during the year was $ 41.500.
Answer: a. there are no incentives for Beta to engage in international specialization and trade with Alpha.
Explanation:
Beta can produce 16 oranges or 4 apples in an hour. This means that for every Apple they produce, they can produce 4 oranges;
<em>4 apples : 16 oranges</em>
<em>1 apples : 4 oranges</em>
This is the same terms of trade being offered to them by Alpha because if they sell 1 apple to Alpha they will get 4 oranges. This is the same thing they will get when they are producing for themselves alone.
An incentive would have been them getting more oranges per apple than they can produce on their own if they sacrifice one apple which is not the case. There are simply no incentives for Beta to engage in international specialization and trade with Alpha.
Answer:
c. expenditures of all businesses in the economy.
Explanation:
GDP is the sum of all final goods and services produced in an economy within a given period which is usually a year.
GDP can be calculated in 3 ways:
1. Expenditure approach : consumption spending + Investment spending + Government Spending + Net Export
expenditures of all businesses in the economy is used in the calculation of GDP using the expenditure approach.
2. Income approach: it is the sum of all income from all production in the economy.
3. Value added approach: it is sum of the value of all final production.
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