The price of one bag of granola is $2.
<h3>
What is an Equation</h3>
An equation is an expression that is used to show the relationship between two or more variables and numbers.
Let x represent the number of sport drink, y for banana drink and z for granola drink, hence:
x + y + 2z = 7.5 (1)
Also:
2x + 2y + 2z = 11 (2)
And:
x + 3z = 8.5 (3)
Hence:
x = 2.5, y = 1 and z = 2
The price of one bag of granola is $2.
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Answer:
e. $5,000.
Explanation:
To calculate deductible investment interest expense, we have to know the followings:
- total investment income for investments
- total investment interest expenses (for loans used to purchase taxable investments)
As IRS guided, if the expenses are less than net investment income, the entire investment interest expense is deductible; and if the interest expenses are more than the net investment income, we can deduct the expenses up to the net investment income amount. The rest of the expenses are carried forward to next year.
In this scenario, Clay have total $20,000 investment income from dividends on the stock and interest on the bond, while his interest expenses is $5,000 only, lower than less than net investment income.
So Clay's entire investment interest expense ~ $5,000 is deductible
Answer:
Break-even point in units= 770
Explanation:
Giving the following information:
Selling price= $500
Unitary variable cost= $260
Fixed costs= $184,800
<u>To calculate the break-even point in units using the mathematical equation, we need to use the following formula:</u>
<u></u>
Net income= unit contribution margin*x - fixed costs
x= number of units
0= (500 - 260)*x - 184,800
184,800/240 = x
770=x
<u>Now, under the unit contribution margin method:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 184,800/240
Break-even point in units= 770
<span>Increased Contribution Margin = $40,000 x 70%, or 28,000.
New ad campaign costs $22,000, so the net Income increase will be the difference, $6,000</span>
The accounts and amounts that will be reported on the company's balance sheet as pension assets are:
1. Pension Plan Assets: The amount reported will be equal to the projected benefit obligation of the company.
2. Accrued Pension Benefit Liability: The amount reported will be equal to the difference between the projected benefit obligation and the pension plan assets.
The Pension Plan Assets account will be reported as the current market value of the pension plan assets.
The Accumulated Benefit Obligation account will be reported as the projected benefit obligation, which is the current value of the benefits that will be owed to employees in the future.
The difference between these two amounts is the company's net pension assets or liabilities.
For example, if the projected benefit obligation is $3 million and the pension plan assets are $2.5 million, the net pension assets would be reported as a liability of $0.5 million.
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