Answer:
Socially responsible business
Explanation:
The company is investing in save the enviroment, so it is assuming his role inside the society. It is performing a policy which does not seek profit, it seeks to generate a better and sustainable community and world.
It reduces waste and promotes recicling
Answer and Explanation:
The Journal entry is shown below:-
Income tax expense Dr, $40,025
To Deferred tax liability $2,025
To Income tax payable $38,025
(Being income taxes for the year 2020 is recorded)
Working note:-
Excess depreciation = ($27,000 × 50%) - ($27,000 ÷ 4)
= $13,500 - $6,750
= $6,750
For Deferred tax liability = $6,750 × 30%
= $2,025
For Income tax payable = ($157,000 - $23,500 - $6,750) × 30%
= $126,750 × 30%
= $38,025
It will cause the price of whatever said company is manufacturing to go up to cover the extra expense. This may also invoke a decline in sales due to higher prices.
Answer:
1. 4,350 helmets
Explanation:
1. The computation of the number of helmets is shown below:
= (Total fixed cost + operating income) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable cost per unit
= $76 - $44
= $32
So, it would be
= ($49,600 + $89,600) ÷ ($32)
= ($139,200) ÷ ($32)
= 4,350 helmets
2. The contribution margin income statement is presented below:
Sales (4,350 × $76) $330,600
Less: Variable cost (4,350 × $44) ($191,400)
Contribution margin $139,200
Less: Total Fixed cost ($49,600)
Operating income $89,600
Answer:
50% share.
Explanation:
Given:
There are only three firms in a market.
The largest firm has sales of $500 million.
The second-largest has sales of $300 million.
The smallest has sales of $200 million.
Question asked:
The market share of the largest firm is ?
Solution:
As we know:
Total sales of the largest company = $500 million.
Total sales of the market = Sales of largest firm + Sales of second largest firm+ Sales of smallest firm
Total sales of the market = $500 million + $300 million + $200 million
= $1000 million
Therefore, the market share of the largest firm is 50%.
