Answer: $406,000
Explanation:
The following can be deduced from the question:
Total sales = $1,000,000
Variable cost = $300,000
Contribution = Sales - Variable cost
= $1,000,000 - $300,000
= $700,000
Contribution ratio = $7000,00/$1,000,000 × 100 = 70%
Fixed cost = $580,000 × 70%
= $580,000 × 0.7
= $406,000
$2,860.50
Tax liability is the total amount of tax that people and companies owe to the federal, state, and local governments in a specific time frame. Tax liabilities are short-term obligations for firms that are listed on a balance sheet and paid off within a year.
<h3>What is accounting for tax liability?</h3>
The amount of taxes you owe is known as your tax liability. For those who are working, determining their income tax on Form 1040 normally only requires them to examine the year's tax tables.
On a company's balance statement, deferred long-term liability costs are listed with other long-term loans. They are listed on income statements as losses or expenses. Deferred tax obligations are one type of deferred long-term liability charge.
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Answer:
total revenue test: elastic. If demand is elastic, a decrease in price will increase total revenue, and an increase in price will reduce total revenue. total revenue: inelastic.
Explanation:
Answer:
tactical plan
Explanation:
Tactical plan -
It refers to the strategy acquired by the company in order to fulfil short - term plans or project , is referred to as tactical plan .
It is a short term strategy , with the time period of one to three years or even lesser in some cases .
Hence , from the given scenario of the question ,
The correct term is tactical plan .
Answer:
The correct answer here is that middle management have made a tactical plan.
Explanation:
Tactical plan can be defined as a plan where after the company has made its strategic plan ( which outlines the objective and goal of the company ) , certain short term actions and plan have been made or implemented by a company's department or function, which helps in achieving those goals and targets set in the strategy plan. The horizon of the tactical plan is short, as the time period depends upon the market that company serves and pace of change. In this question middle department has implemented such short term tactical plan to stop losses due to theft.
