Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The average show sells 900 tickets at $ 65 per ticket. The average show has a cast of 55, each earning a net average of $ 330 per show. The cast is paid after each show. The other variable cost is a program-printing cost of $ 9 per guest. Annual fixed costs total $580,500.
Unitary variable cost= 55*$330 + $9*900= $26,250
Unitary fixed costs= 580,550/115 shows= $5,048
Income statement:
Sales= 900*65= $58,500
Unitary variable cost= (26,250)
Contribution margin= $32,250
Unitary Fixed costs= 5,048
Operating income= $27,202
Answer:
Multiplier effect
Explanation:
Multiplier effect refers to the increases in the final income as a result of new injections in spending. It indicates changes in spending that causes changes in real gross domestic product more than the initial change in spending. The scenario presented in the question illustrates multiplier effect. It involves increase in the level of demand in the circular flow of income that stimulates buying and selling.
Answer:
The common requirements to qualify for Medicare are:
- US citizen or permanent resident for at least 5 years.
- Currently receiving social security benefits or qualified to receive them in the future
- Your spouse is employed by the government and he/she has paid Medicare payroll taxes.
Apparently "J"uan Perez complies with them since he is a US citizen and has been contributing to Medicare for more than 20 years. Therefore, he should be eligible for it and Medicare would become his primary healthcare insurer. After Juan is enrolled in Medicare, his employer will no longer be required to provide sponsored health coverage.
Answer:
$50,000
Explanation:
The computation of the interest expense for deduction is shown below:
= Interest on a mortgage on his home + Interest on a mortgage on his vacation home
= $40,000 + $10,000
= $50,000
All other information which is given in the question is not relevant for the computation part. Hence, ignored it
We simply add both types of interest related to a mortgage on the home
Answer:
False
Explanation:
This kind of unemployment is temporarily one, usually due to persons looking for a job change, whatever the reason, for example new oportunities, better salary, or another one.
In general, it is caused by individual events.