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ololo11 [35]
3 years ago
14

The Crockery Pottery Company completed the flexible budget analysis for the second​ quarter, which is given below.

Business
1 answer:
MariettaO [177]3 years ago
7 0

Answer:

A. increase in sales volume

Explanation:

Base on the scenario been described in the question, the one that would best explain the sales volume variance for sales​ revenue will be increase in sales volume according to the to the table given above

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Kaye Blanchard is 50 years old. She has $66000 of adjusted gross income and 15,200 of qualified medical expenses. She will be it
Usimov [2.4K]

Deductible amount is $10,250

A deductible is an expense that an individual taxpayer or a business can deduct from adjusted gross income when filling out a tax form. Deductible expenses lower taxable income and, as a result, the amount of income taxes owed.

Most wage earners take the standard deduction; however, those with extremely high deductible expenses can itemize to reduce their tax bill.

Individual tax deductions for individuals include student loan interest, self-employment expenses, charitable donation deductions, and mortgage interest deductions.

Payroll, utilities, rent, leases, and other operational costs are examples of business deductibles.

The amount of tax levied on the taxpayer is referred to as his or her income tax liability. It represents the total amount of tax owed to the government. Once paid, it will contribute to the total amount required by the government to fund its projects.

Threshold amount

=Adjusted gross income × Threshold rate

=$66,000 × 0.75

=$4950

Deductible amount

=Qualified medical expenses - Threshold amount

=$15,200 - $4950

=$10,250

Deductible amount is $10,250

To learn more about Deductible amount, refer:

brainly.com/question/4289977

#SPJ1

8 0
1 year ago
Thalassines Kataskeves, S.A., of Greece makes marine equipment. The company has been experiencing losses on its bilge pump produ
pentagon [3]

Answer: $150,000 financial disadvantage.

Explanation:

Discontinuing the bilge pump product line will eliminate its variable costs but however we are told that some fixed costs will remain.

So then to find out the financial advantage (disadvantage), the fixed costs that will be removed/ saved need to be removed as well to see what will be left if the line is discontinued.

The Contribution Margin is Sales less variable costs so it already removes the Variable cost savings.

Discontinuing would have no effect on the company’s total general factory overhead or total Purchasing Department expenses so the fixed cost savings will be from Advertising, Salary of Product line manager and insurance of inventories.

Fixed cost savings = 270,000 + 32,000 + 8,000

= $310,000

The Contribution Margin the company is losing is ($460,000) by discontinuing.

Less the fixed costs saved,

= (460,000) + 310,000

= ($150,000)

Costs of ($150,000) remain after the fixed costs saved have been accounted for.

The company is therefore at a financial (disadvantage) of $150,000 for discontinuing the bilge pump product.

7 0
2 years ago
I NEED AN ANSWER REALLY QUICK Why should I take personal finance
Luda [366]

Answer:

Personal finance skills help you to understand how much you earn, what are your monthly expenses, and help you budget within that income.

Explanation:

6 0
2 years ago
1. The A to Z Packing Plant received a written citation from the Occupational Safety and Health Administration (OSHA) to have a
ValentinkaMS [17]

Correct answers are:

  1. - The A to Z . . . ANSWER: - (C) - Both Civil & Criminal Penalties
  2. - Under the Federal . . . ANSWER: (A) - Employer
  3. - Jack was invited . . . ANSWER: (A) - Jacks Employer
3 0
3 years ago
Jose goes to an all-you-can-eat buffet at a Chinese restaurant and consumes three plates of food. He does not go back for a four
kkurt [141]

Answer:

The marginal utility of the fourth plate is zero or below zero

Explanation:

The reason is that the law of diminishing marginal utility says that the marginal utility of a product declines upon continuous consumption of that item. This means that the utility before the consumption of first buffet was high and when the second buffet was consumed by the same person the utility was further reduced and so on. This means that the utility must be positive which if is higher enough then the customer is will to pay and eat the buffet again. If it is zero or below zero the customer is not willing to pay for the buffet. This is the reason the person doesn't ordered the item again.

You can not eat the same buffet for all the 365 days. This means the taste of a tasty food fades away after some time or I would say that the utility is gone. Same is the case when you will keep using cellphone for a period and then sell it or dispose it because the item doesn't entertains you or in other words the utility has significantly fallen and is almost zero or below zero.

5 0
3 years ago
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