Answer:
correct option is (A) 16,500 units.
Explanation:
given data
shirts sold = $7.50
variable cost = $2.25
after tax net income = $5,040
selling price =$10
solution
we get here first fixed cost that is
Break even sales units = Fixed costs ÷ Contribution per unit .............1
put here value
20000 =
Fixed costs = $105000
and
Fixed costs coming year will be
Fixed costs coming year = ($105000 × 1.10)
Fixed costs coming year = $115500
and
Variable cost = $2.25 + ($2.25 ×
)
Variable cost = $3
so that Contribution margin will be
Contribution margin = Sales price - Variable cost ............2
Contribution margin = $10 - $3
Contribution margin = $7
and
break even sales units is
break even sales =
break even sales = 16500 units
so correct option is (A) 16,500 units.
Answer:
The deductible expense = $570
Explanation:
First, the question is not complete, the complete question is as follows
Gwen, an independent consultant, traveled to New York City on a business trip. Gwen spent 4 days in business meetings and conferences and then spent 2 days sightseeing in the area. Gwen's plane fare for the trip was $250. Meals cost $160 per day. Hotels and other incidental expenses amounted to $250 per day.Gwen was not reimbursed by her employer for any expenses. Her AGI for the year is $50,000 and she itemizes but has no other miscellaneous itemized deductions. Gwen may deduct (after limitations).
Solution
How much is the plane fare $250
How much was spent on means $640 (160 a day x 4 days)
Subtract: 50% of meal costs ($320) 0.5 x 640
Hotel Expense was $1,000 ($250 x 4 days)
The total is $1,570
Subtract 2% of the AGI <u> $1,000</u> (0.02 x 50,000)
The final deductible expense $570
This means the amount that Gwen can deduct from the expenses for the trip after the limitations as calculated above is $570
Answer:
Time consuming.
Explanation:
More and more people dream of having their own business not only to dedicate themselves to doing something they like, but also to have more freedom with their time and money.
However, despite the increase in the number of people with this entrepreneurial spirit, not all of them have a deep knowledge of what it means to undertake and are not well aware of the advantages, disadvantages, how to start a business and what kind of profitable businesses can be developed. In addition, many people do not know that setting up their own business is difficult, laborious and time consuming and requires a lot of patience, perseverance and dedication.
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