Answer:
1. The act of reducing taxes by deliberately understating income or overstating deductions is called ______
Tax evasion
2. Leaving the tip earnings out of her income on her tax returns is
Tax evasion
Explanation:
Tax evasion is deliberate reduction of gross income either by excluding, understating, omitting income, or overstating deductions. It is not legal. Tax avoidance is managing taxable income by effective tax planning (e.g. through investments, insurance, etc.) so that less tax is paid. It is legal and allowed.
Answer:
Break-even point (dollars)= $202,263.16
Explanation:
Giving the following information:
Division Q:
Sales= $365,000
Total variable costs= 226,300
Fixed costs= 76,860
<u>To calculate the break-even point for Division Q, we need to use the following formula:</u>
<u></u>
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 76,860 / [(365,000 - 226,300) / 365,000]
Break-even point (dollars)= 76,860 / 0.38
Break-even point (dollars)= $202,263.16
Answer: Family brand
Explanation:
Family branding also known as Umbrella branding is a marketing tactic that involves the use of one brand name for the selling two or more related goods. All the products use identical means of identification without having additional symbols or brand names.
An example of family branding is Apple whereby every of its products make use of the Apple brand. Using the Apple brand makes customers easily identify its products. Other examplesof family brand are Johnson & Johnson and Tata Group.
Answer:
C) costs that change based on production
Explanation:
Variable costs are business expenses that are directly proportional to the production level. They increase or decrease with changes in the level of production. Variable costs consist mostly of the direct cost of production.
Examples of variable costs are packaging, raw materials and direct labor. Should production increase, variable costs increases. Variable costs contrast fixed costs, which do not change regardless of the level of production. Total variable cost is obtained by multiplying the total output by variable cost per unit.
Answer:
(d) debt; opposite direction
Explanation:
Bonds or debentures represent fixed interest bearing instruments issued by corporates to raise long term funds i.e usually greater than 1 year repayable after a fixed duration.
Bonds could be of various forms such as zero coupon bonds, deep discount bonds, face value bonds etc
The common aspect of all being bonds represent debt which a corporation owes which must be repaid after a fixed duration. Also bonds demand periodic interest payments i.e fixed obligation which cannot be refused by the issuer company.
There is an inverse relationship between bond prices and market interest rates.
Reason : This is because if a higher interest rate prevails in the market than the coupon rate offered by the issuer, the issuer will have to reduce the price of it's bonds so as to make them attractive else investors would rather invest in other bonds in the market offering a higher rate of return.