The incremental income to process further for Maxim company equals to $30,000.
<h3>What is an Incremental income?</h3>
This means the profit that a business gains from an increase in sales.
It is gotten when there is an additional revenue generated by a certain product.
The Net income to be generated from Green health equals:
= Revenue - Cost
= $90,000 - $28,000
= $62,000
The Net income to be generated from Premium Green equals:
= Revenue - Extra cost
= $98,000 - $6,000
=$92,000
<h3>What is Incremental income to Process further?</h3>
= $92,000 - $62,000
= $30,000
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Answer:
c. loses some, but not all, of its customers as your answer loses some, but not all, of its customers
Explanation:
In a monopolistically competitive product is a product that has competition in the market, but that are not quite the same product, meaning they can´t be exactly replaced by a cheaper or different brand, when a company like that rises its prices, it eventually ends up loosing some clients, but not all, because of the loyal clients and those that can´t or won´t change brands, a good example of a monopolistically competitive firm, would be Apple, which has a loyal base of costumers that eventhough prices of apple products have been rising are still loyal, they are loosing some customers to other brands but not all of them.
Sally is buying a home and the closing date is set for April 20th. the annual property taxes are $1234.00 and have not been paid yet. The answer is $368.51.
Step 1: Find the daily rate; property taxes for the year ($1234.00) / 365 days = $3.38.
Step 2: Seller will credit buyer from January through midnight the day before closing. Calculate the exact number of days; January 31 + February 28 + March 31 + April 19 = 109 days Step 3: Multiply the daily rate ($3.3808219178) x Number of days (109) = $368.51
Property tax is the sum that a landowner must pay to the local government or municipal body in their area. Every year, the tax is due and payable. Real estate assets include real estate, commercial real estate, and residential real estate that is rented to third parties.
Owners of real estate must pay property taxes that are computed by the municipal authority where the asset is situated.
Property tax is calculated based on the value of the property, which can be a tangible personal property or real estate in various countries.
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Answer:
Current liabilities: Accounts payable$130,000
Sales tax payable 8,800
Warranty Payable 4,000
Interest payable 667
Notes payable 50,000
Total current liabilities$193,467
Explanation:
Answer:
Net profit is more important to consider because it accounts for all the costs associated with making and selling the product and it includes the operating expenses that are excluded from gross profit. Gross profit is the profit made after deducting costs associated with making and selling its products, or the costs associated with providing its services.
