1. Contribution Margin (in unit sales) = $18
Contribution Margin (in dollar sales) : $ 270,000 (given)
Fixed Cost = $216,000
Break even point (in unit sales) = Fixed Cost ÷ Contribution margin per unit
= $216,000 ÷ 18
= 12000
Break even point (in dollar sales) = Sales price per unit × Break even (in unit)
= $30 × 12000
= $360,000
2. Contribution Margin at the break even point is the total fixed cost ($216,000)
Answer: Federal Reserve Board
Explanation:
The Federal Reserve Board represents the leadership of the Federal reserve system or the Fed, America's central bank.
Decisions that have to do with the eligibility of an over-the-counter stock for purchase on margin falls under Federal purview and is regulated by the Federal Reserve Board and enforced by the Financial Industry Regulatory Authority.
The broker should obtain a signed power of attorney from the customer.
A broker is someone or firm who arranges transactions between a buyer and a dealer for a fee whilst the deal is done. A broker who additionally acts as a supplier or as a buyer will become a foremost party to the deal.
In general, before transacting customs enterprise on behalf of a customer, a customs broking is needed “to obtain a legitimate energy of attorney to accomplish that.” 19 C.F.R. 141.46. Neither CBP statutes nor regulations further elaborate as to whether or not digital signatures are accredited to execute a POA.
A power of attorney is a written document signed and recounted by way of one person (the essential) authorizing another man or woman (the lawyer in fact or agent) to behave on their behalf. The law, in particular, provides that the strength of a lawyer may additionally confer authority upon behavior banking transactions on behalf of the most important.
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Answer:
a. "Not deductible"
b. "Not deductible"
c. "Not deductible"
d. "Deductible"
e. "Not deductible"
f. "Not deductible"
Explanation:
Expenses to be deductible ( especially for tax purposes) must pass the WREN test where;
W stands for wholly
R stands for reasonably
E stands for exclusively
N stands for necessarily
Looking at the expenses incurred and paid for by Doug during the year, the $50 ticket for running a red light is not a necessary expense as an adherence to traffic signs would have prevented such an expense. it can also be said that the expense was not reasonably incurred. This also applies to options b and c. Parking at the handicapped space is completely avoidable (necessity test) and as such the $100 would not have been incurred. While the $200 paid to the attorney for representation in court is an offshoot of options a and b. This would not have been incurred if the first two incidences were avoided.
Option c is deductible as the $500 paid is wholly for the business, reasonable, exclusive and necessary. As such, the expense is deductible or allowable. Options e and f are not related to business and are incurred on personal grounds which are avoidable hence, these expenses would not pass the WREN test.
The above exercise has to do with GDP Analysis. It contains a comparison between Real GDP and nominal GDP.
<h3>What is real GDP?</h3>
Real GDP refers to a version of GDP (Gross Domestic Product) that has been adjusted for the effects of price inflation.
Thus:
From 2007 Q4 through 209 Q2, the real GDP grew by - 3.98%. This was a negative growth.
This was computed by the following formula:
% Increase = (Amount representing increase/ Original Figure) x 100
That is : ((15,134.10 -15762.00)/15,762.00)*100
= -3.98363151884
≈-3.98
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