When proprietors decide to combine their business and form a partnership, gaap usually requires that non cash assets be taken over at : C. fair market vale
The data will be used to calculate the percentages of ownership of each combined companies
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Assuming a company sells 800 units at $16 each, has variable costs of $12 per unit. The after-tax income is $1,200.
<h3>After-tax income</h3>
Using this formula
After-tax income=(Selling units×Selling price)-[(Variable costs×Selling price)+Fixed costs]×(1- tax rate)
Let plug in the formula
After-tax income=(800 units× $16 each)-[(800 units × $12 each)+$1200]×(1-.40)
After-tax income=$12,800-($9,600+$1,200)×0.60
After-tax income=$12,800-$10,800×0.60
After-tax income=$2,000×0.60
After-tax income=$1,200
Inconclusion the after-tax income is $1,200.
Learn more about after-tax income here:brainly.com/question/1775528
Land, labor, capital, and entrepreneurship
Answer:
Minimize is the correct answer for plato users
Explanation:
What determines the foreign exchange rate?
A. The government
B. Small businesses
C. Market forces
D. Consumers
The answer is A the government
