States dont collect income tax the government does so B
Answer:
increase in income of $80
Explanation:
Prepare an Analysis of Costs and Savings if the Company buys from Outside Supplier.
Note : The fixed costs per unit at are unavoidable are irrelevant and disregarded in this decision.
<u>Analysis of Costs and Savings</u>
Purchase Price (400 widgets × $44.00) = ($17,600)
Savings :
Variable Costs ($35.60 × 400 widgets) = $14,240
Fixed Cost ( $8.60 × 400 widgets) = $3,440
Net Income effect = $80
Conclusion :
The effect on net income if the company instead buys the widgets is an increase in income of $80
If the number is 12,759 and they ask to round to the nearest 10,000 then you look at the thousands place (where the 2 is) and is its less than 5 round down and if its more round up. so the answer would be 10,000
Answer:
BUDGET LINE
Explanation:
Budget Line is graphical representation of product combinations that a consumer can buy, given product prices & income (all spent)
It is downward sloping because of inverse relationship between goods - one good's consumption has to be decreased to increase other good's consumption, given same prices & income.
Budget Line Equation : x.px + y.py = m
[x = quantity of good x, px = price of good x, y = y good quantity, py = good y price, m = money income].
Slope of Budget line is : Amount of a good sacrifised to attain the other good, given same prices & income. The sacrifise ratio gets derived from the price ratios of the two goods.
Budget Line Slope = ΔY / ΔX = PX / PY
Answer:
a) Increase asset (Cash): Increase equity (Service Revenue) - GUIDE
b) Decrease equity (Salaries): Decrease asset (Cash)
c) Increase asset (Cash): Increase equity (Capital)
d) Increase asset (Receivable Accounts): Increase equity (Service Revenue)
e) Decrease equity (Utility): Increased liabilities (Others payable accounts)
f) Decrease equity (Capital): Decrease assets (Cash)
Explanation:
Accounting Equation Formula
:
Assets = Liabilities + Equity
According to the formula transactions must be recorded as follows:
<em>DEBIT:</em> Asset increases, Liabilities decreases, and Equity decrease.
<em>CREDIT:</em> Asset decreases, Liabilities increases, and Equity increase.
