Answer:
a)
Variable cost per unit=$10.08
Contribution per unit=$13.92
b)
Contribution margin ratio=58%
Variable cost ratio= 42%
c) Break-even units=3,000 units
Explanation:
Variable cost per unit
= 4.98 + 2.10 + 1.00 + 2.00 = $10.08
Variable cost per unit=$10.08
Contribution per unit = Selling price per unit - Variable cost per unit
= 24 - 10.08 =13.92
Contribution per unit=$13.92
b)
Contribution margin ratio= contribution/selling price= 13.92/24 × 100=58%
Contribution margin ratio=58%
Variable cost ratio = variable cost/selling price= 10.08
/24× 100 = 42%
Variable cost ratio=42%
c)
Break-even units = Total general fixed cost/contribution per unit
= (26,500 + 15,260)/ 13.92 = 3000 units
Break-even units=3,000 units
Answer:
A. $0
Explanation:
The Tax Cuts and Jobs Act eliminated personal exemptions starting 2018. It also increased standard deductions though. For example, the standard deduction for married filing jointly for 2019 was $24,400. This is a significant increase if you consider that the standard deduction for married filing jointly in 2017 was $12,700.
Answer:
a. $20.00
Explanation:
Given that
Common Stock = $150,000
Additional Paid-in Capital = $850,000
Par Value per share = $3
So,
Number of shares issued = Common Stock ÷ Par Value per share
= $150,000 ÷ $3
= 50,000
Now
Total Common Stock Equity = Common Stock + Additional Paid-in Capital
= $150,000 + $850,000
= $1,000,000
So,
Average Issue Price per share = Total Common Stock Equity ÷ Number of shares issued
= $1,000,000 ÷ 50,000
= $20.00
Explanation:
The journal entry is as follows
Notes receivable A/c Dr $11,100
To Sales A/c $11,100
(Being the sales is recorded)
Since the merchandise transaction is done through note receivable so we debited the note receivable account and the transaction is of sale type so the sales account is credited. Both the transactions are recorded at $11,100
Answer:
<em>Telemedicine</em>
Explanation:
Distributing health related information and services via telecommunication technologies and electronic information is called telemedicine. The contact between patient and clinician is long distance.
The clinician used electronic means such as computers to intervene, monitor and educate the patient. Livongo health and Teladoc are two famous tele medicine companies.In US telemedicine has successfully reduced the healthcare costs and improved the patient access to medical care. According to a study 61 percent of healthcare institutions in US use tele medicine.
