Full Definition<span> of </span>renewal<span>.
1 : the act or process of </span>renewing<span> : repetition.
2 : the quality or state of being </span>renewed<span>.
Hope that this helps you! =)</span>
Answer and Explanation:
The computation is shown below:
a.
Contribution per unit
= Selling price per unit - Variable costs per unit
= $300 - $200
= $100 per unit
Now
Break even point (units)
= Fixed costs ÷ Contribution margin per unit
= $14,000,000 ÷ $100
= 140,000 units
And,
b)
Sales units required for a target profit of $1,400,000
So,
= (Fixed costs + Target profits) ÷ Contribution margin per unit
= ($14,000,000 + $1,400,000) ÷ $100
= 154,000 units
Answer:
a. The total employment compensations for the two employees are the same
Explanation:
Employee compensation refers to payment made to employees by an organization in consideration for the services rendered.
Employee compensation can be in cash form such as salary and wages, perquisites, allowances, incentives, commission, etc.
In the given case,
<u>Compensation for Employee A</u>:
= Gross Pay + Employee benefits - Job expenses
= $57200 + 5300 - 800
= $ 61,700
Similarly,
Compensation for Employee B:
= Gross Pay + Employee benefits - Job expenses
= $56,900 + $6200 - $ 1400
= $61,700
Thus, employment compensation for both A and B are the same.
Answer:
Decreases by 50 percent
Explanation:
The law of supply asserts that other things remaining constant, the quantity of goods and services supplied increases as price rises. Therefore, the price and quantity supplied are directly related. Should the price fall, the quantity supplied will also decrease. Producers will prefer to supply more when the price is high to make more revenue.
The supply curve is upward sloping indicating how quantity supplied changes at different price levels. In the case, the price has decreased from $4 to $2, which represents a 50 percent drop. The quantities supplied will decrease as per the law of supply. A 50 percent decrease may result in a similar decrease in quantity supplied as the supply curve is upward sloping.
Individual proprietors report their business income and deductions on
Form 1120S.
What is Form 1120S?
Form 1120S is an IRS form used by businesses organized as S corporations to report their income, gains, losses, deductions, and credits to the Internal Revenue Service (IRS). It is a variant of the Form 1120 and is used in place of this form by businesses that have elected to be taxed as an S corporation.
What do you mean by Proprietors?
Individual proprietors are sole proprietors who own and operate a business. They are the sole owners of the business and do not have to answer to any other shareholders or partners. They have complete control over the business and its operations, as well as the profits and losses.
Hence, the correct option is Option D.
To know more about Individual proprietors,
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