Based on the cost of the inventory to Windsor Inc, and the FIFO method, the gross profit for the month is C. $1,520
<h3>What is Windsor's gross profit?</h3>
FIFO means that the earlier goods are sold first.
210 units were left on hand which means that none of the Purchase on the 28th of January was sold.
The 15th Janaury purchase sold:
= 130 - (210 - 130)
= 50 units
The sales revenue is therefore:
= (260 + 50) x 9
= $2,790
The cost is:
= (260 x 4) + (50 x 4.60)
= $1,270
Gross profit is:
= 2,790 - 1,270
= $1,520
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Answer:
The answer is: A) Under our current tax laws, when investors pay taxes on their dividend income, they are being subjected to a form of double taxation.
Explanation:
A general complain by investors is that many times they suffer from double taxation.
If a corporation pays out dividends, it means that it has already paid its corporate income tax. Dividend payments are based on net profit (after taxes are paid).
Once an investor gets his dividends, they generally are included in their gross income. Some qualified dividends are taxed at lower rates. But whatever the rate used, they are being taxed again.
This happens since corporations exist as separate entities from their stockholders, so the corporation and the stockholders are taxed separately.
Answer: See on how dependent on advertising a publication is.
Explanation:
Answer:
e) $4,651
Explanation:
The break-even point is the level of activity that a company must operate to have its total cost equal to its total revenue. At this level of activity, the business makes a zero profit, as the total contribution is exactly the same as the total fixed cost.
It is important for the business to have an idea of the number of customers or units of product to sell inorder for it to cover its total fixed cost. This is the information the break-point analysis seeks to provide.
Working it out
Break-point in sales = Total General fixed cost/ Contribution margin ratio
Contribution margin ratio (CMR): Contribution is sales less variable costs. And the contribution margin ratio is the proportion of sales that is earned as contribution. The higher the better.
CMR = contribution/sales
Fixed cost = Contribution + net loss
We can now apply all these relationships to the question given:
Fixed cost = 1720 + 280
= 4,000
Contribution margin ratio = 1720/400 = 43%
Break-even sales ($) = 4000/0.43
= $4,651
As the industrial revolution came to the united states, most firms operated in a production orientation. The United States' transition to new industrial techniques between around 1760 and some time between 1820 and 1840 is known as the Industrial Revolution.
This transition encompassed the switch from manual to mechanical production methods, the invention of new ways for producing chemicals and iron, the expansion of steam and water power, the creation of machine tools, and the growth of the mechanized factory system. As a result of the significant increase in output, both the population and the pace of population growth saw previously unheard-of increases during industrial revolution.
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