Answer:
a<u>.False.</u>
a<u>.True.</u>
Explanation:
It is correct to say that a country with more economic freedom during the last quarter of a century had a higher average GDP per capita than other countries with less freedom, this is due to the fact that the greater the economic freedom, the greater the economic growth of the country, which generates an increase in the country's productive capacity, increases demand, supply, the level of employability, the purchasing power of the population, which, integrated, these factors correspond to the increase in the country's quality of life, which increases the GDP per capita.
Answer:
a. Facility Level
b. Facility Level
Explanation:
Facility level costs are costs incurred to maintain the company in its entirety. It is not directly ascribable to any specific products or product lines.
In the case of the Airport store, the off-airport warehouse will be used to store all their storable products so this relates to an activity that benefits the entire store.
For the individual bottle of water, this is also a facility level cost as the off-airport warehouse will be used to store a number of bottles and as such is for the benefit of the entire company producing the bottles.
Answer:
Margin of safety=55.6%
Explanation:
The formula for the operating income is as folows;
operating income=Sales revenue-total cost
where;
operating income=$ 15,000
Sales revenue=S
total cost=variable cost+fixed cost
variable cost=70% of S=(70/100)×S=0.7 S
fixed cost=$12,000
replacing;
15,000=S-(0.7 S+12,000)
15,000+12,000=0.3 S
27,000=0.3 S
S=27,000/0.3
S=Answer:
Explanation:
The formula for the operating income is as follows;
operating income=Sales revenue-total cost
where;
operating income=$ 15,000
Sales revenue=S
total cost=variable cost+fixed cost
variable cost=70% of S=(70/100)×S=0.7 S
fixed cost=$12,000
replacing;
15,000=S-(0.7 S+12,000)
15,000+12,000=0.3 S
27,000=0.3 S
S=27,000/0.3
S=$90,000
Current sales=$90,000
The formula for margin of safety is as follows;
Margin of safety=(Current sales level-break even point sales level)/current sales levels
At break even,
Operating income=0
0=S-(0.7 S+12,000)
0=S-0.7 S-12,000
0.3 S=12,000
S=12,000/0.3
S=40,000
Break even sales=$40,000
replacing;
Margin of safety=((90,000-40,000)/90,000}×100
Margin of safety=55.6%
Answer:
d. $257
Explanation:
Calculation to determine what Franklin's taxable income ($ in millions) is:
Accounting income$280
Add Permanent difference: Fines $10
Less Temporary difference: Depreciation ($33)
($102-$69)
Taxable income $257
Therefore Franklin's taxable income ($ in millions) is:$257
Answer:
<em>The entries are prepared in a tabular form in the explanation section below</em>
Explanation:
<em>From the example, the first step to take is to prepare he entries, if any, on each of the three dates that involved dividends.</em>
<em>Date Account titles and explanation Debit Credit</em>
<em>June 15 Cash Dividends $119,760 </em>
<em> Dividends Payable $119,760</em>
<em>July 10 Dividends Payable $119,760</em>
<em> Cash $119,760</em>
<em>Dec. 15 Cash Dividends $161,300</em>
<em> Dividends Payable $161,300</em>
