Answer:
Yes, common and operational expenses.
The effect on financial statement would be dynamic, as some figures would fluctuate based on volume
Explanation:
A flexible budget is very much adjustable based on the level of production activity. Hence this will also reflect on the financial statement, if management takes this approach
Answer: -($0.5025) million
Explanation:
As depreciation is expected to increase this year by $0.670 million.
Therefore,
Expenses will increase and will result in decrease in income before tax by $0.670 million.
Additional tax saving on increase in depreciation = $0.67 × 25%
= $0.1675 million
Hence,
Total change in net income = -($0.67) + $0.1675
= -($0.5025) million
Answer:
The correct answer is option D.
Explanation:
The money equation given by Irving fisher is popularly known as fisher's equation.
The equation is given as MV=PT
Here, M represents money supply, V is the velocity of money, P is the price level and T refers to the volume of transactions or output level.
The supply of money refers to the quantity of money in existence while the velocity of transactions shows the number of times, money changes hands. Together they show the volume of money in circulation.
P is the average price level and T represents the expenditures on all transactions or, in other words, output level.
Here, V and T are assumed to be constant. This means that the money supply directly affects the price level.
There is no explicit mention of the interest rate in this equation.
So, option D is the correct answer.
Answer: false
Explanation: The rationing function of price describes the way in which the use of price is done for rationing of several scarce resource. This is done automatically by the market forces of demand and supply as when the demand for a commodity exceeds its supply the price of the commodity rises leading to decrease in demand.
Thus, rationing function states to ration the goods and distribute them carefully and not to distribute the surplus amount.
Answer:
$26,898.25
Explanation:
Jenna'a taxable ordinary income = $126,000 - $6,100 (standard deduction) - $3,900 (personal exemption) = $116,000
ordinary income taxes = $17,891.25 + [($116,000 - $87,850) x 28%] = $25,773.25
capital gains taxes = $7,500 x 15% = $1,125
total tax liability = $25,773.25 + $1,125 = $26,898.25
