Answer:
$ 20,769.00
$ 69,531.00
Explanation:
Tantor Supply Inc's tax liability is the amount of tax payable to the government on its earnings before taxes of the year 2018
tax liability=tax rate*earnings before taxes
tax rate is 23%
earnings before taxes is $90,300
tax liability=$90,300*23%=$20,769.00
Tantor's supply's 2018 after-tax earnings=earnings before taxes-tax liability
Tantor supply's 2018 after-tax earnings=$90,300.00-$20,769.00=
$ 69,531.00
Answer:
Break-even point in units= 14,000 units
Explanation:
Giving the following information:
Selling price= $60
Variable costs are $30 per unit
Fixed costs total $120,000.
Desired profit= $300,000
<u>To calculate the number of units to be sold, we need to use the following formula:</u>
Break-even point in units= (fixed costs + desired profit)/ contribution margin per unit
Break-even point in units= (120,000 + 300,000) / 30
Break-even point in units= 14,000 units
Answer: Material breach
Explanation: Material breach means a law term which refers to a unsuccessful execution of performance under the agreement which is important enough to give the aggrieved party the ability to file case for breach of contract.
The outraged candidate is also astonished of a responsibility for further presentation underneath the agreement if there occurs a material breach.A minor difference from either the terms and conditions, nevertheless, is not really a substantive violation. A material violation is one which is sufficiently serious to kill the contract value.
Thus, from the above we can conclude that the correct option is C.
Answer:
Margin of safety is a principle of investing in which an investor only purchases securities when their market price is significantly below their intrinsic value. ... Alternatively, in accounting, the margin of safety, or safety margin, refers to the difference between actual sales and break-even sales
Answer: $252,000
Explanation:
Property worth $275,000, 4 weeks ago had 3 bedrooms and 3 bathrooms.
House to be appraised has 3 bedrooms and 2 bathrooms meaning it has one less bathroom than the other house.
Value of bathroom is $15,000 so;
= 275,000 - 15,000
= $260,000
House to be appraised was worth $260,000 4 weeks ago.
Prices have been reducing at $2,000 per week for four weeks.
= 2,000 * 4
= 8,000
Value of house = 260,000 - 8,000
= $252,000
