Labor contract.
A labor contract sets for the rights and responsibilities of labor and management for unions and other labor groups.
Answer:
The break-even point in sales dollars is: C. $32,000
Explanation:
During the current year 11,000 hams were sold resulting in $220,000 of sales revenue, $55,000 of variable costs, and $24,000 of fixed cost.
Contribution margin ratio = (Sales - Total Variable cost)/Sales = ($220,000 - $55,000)/$220,000 = 0.75
The break-even point sales dollars is calculated by using following formula:
Break-even point in sales dollars = Fixed cost/Contribution margin ratio = $24,000/0.75 = $32,000
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Answer:
$14,000
Explanation:
The computation the retained earning balance for dividend distribution is shown below:
= Retained earnings - retained earnings was restricted for plant expansion - restricted for bond repayments
= $18,000 - $3,000 - $1,000
= $14,000
Simply we deduct those items which affect the retained earnings balance.
All other information which is given is not relevant. Hence, ignored it
Answer: 25%
Explanation:
Municipal bonds are tax-free which means that the tax bracket that would make you indifferent between the 2 bonds would be the one that brings the after-tax yield on the taxable bond to the same yield as the Municipal bond.
Assume this tax rate to be x.
8% * ( 1 - x) = 6%
8% - 0.08x = 6%
0.08x = 8% - 6%
x = (8% - 6%) / 0.08
x = 25%
