Answer:
Calculate Recline’s contribution margin ratio.
Contribution Margin RATIO 34%
Calculate the break-even point in sales dollars for Recline.
Break-Even Point $1.030.556
Explanation:
- The contribution margin it's determined by the total amount of Gross Profit divided by the total value of sales. To this case $405,000/$1,192,500 = 34%
Income Statement
11.250 Quantities
$106 Unit Price
$1,192,500 Sales
-$787,500 Cost of goods sold
$405,000 Contribution Margin 34%
-$281,250 Fixed Cost
$123,750 Operating Income
- The Break Even point it's when the Operating Income is equal to zero, it means the lowest level of sales the company can afford and not loss money.
BREAK EVEN POINT
9.722 Quantities
$106 Unit Price
$1,030,556 Sales
-$787,500 Cost of goods sold
$243,056 Contribution Margin
-$243,056 Fixed Cost
$0 Operating Income
Option a: Income tax
Income tax is a tax levied on an individual or group with respect to the income or profits received by the individual or group. Income tax is usually calculated as the product of tax rate and taxable income. tax rates may vary depending on the type and characteristics of the taxpayer and the type of income.
Income tax is a tax that the government imposes on income generated by businesses and individuals within its jurisdiction. Income tax is used to fund public services, pay government obligations, and provide goods to citizens.
what is income tax? the tax levied on the income of a company or individual is known as income tax. Income taxable income can come from various sources, including wages, salaries, dividends, interest, loyalty, rent, gambling prizes, and product sales.
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Answer:
Explanation:
The Solow Growth Model is a short run growth model of economic growth which shows or illustrates the changes in the level of output in an economy over time, as a result of changes in
- savings rate
- population growth rate
- rate of technological progress.
The diagram attached explains the model.
In the short run, increase in technology will increase the output per worker (looking from the microeconomic perspective) and the aggregate output (looking from the macro perspective) in the economy.
This increase in output is later stabilized in the long run.
With a 401(k) there is a higher likelihood of money appreciating over a 30 to 40-year period could be a negative for investing solely into an IRA.
Investment definition is an asset obtained or invested in to build wealth and keep money from the difficult-earned income or appreciation. Investment means on the whole to attain an additional supply of income or advantage benefit from the investment over a specific time period.
For the majority, the 401(k) is the better desire, even though the available investment options are less than the best. For excellent results, you may stick with an index price range that has low management prices.
Cryptocurrency can be an extraordinary investment with astronomically excessive returns overnight; but, there may be also a full-size drawback. traders have to analyze whether their time horizon, hazard tolerance, and liquidity requirements healthy their investor profile.
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Answer:
Return on assets=28.54%
Explanation:
<em>Return on asset is the average rate of return generated by the asset investment of a business. It is the net income earned as a proportion of the average investment.</em>
Return on assets = net income / Average assets× 100
Average asset value = (opening balance + closing balance of assets)/2
=( 254,000 + 304,000)/2= 164700
Return on assets = 47,000/164,700 × 100 =28.54%
Return on assets=28.54%
