Answer:
$4,850
Explanation:
the amount of fringe benefits that should be included in Linda and Richard's gross income on their 2019 tax return is $4,850
This was gotten by adding $850 worth of employee discount coupons for hotel rooms and $4,000 in tuition fees during 2019
$4,000 + $850
= $4,850
Answer:
Total cost= $114,800
Explanation:
Giving the following information:
Direct materials $ 6.80
Direct labor $ 4.30
Variable manufacturing overhead $1.60
Sales commissions $ 1.20
Variable administrative expense $ 0.45
Unitary variable cost= $14.35
<u>Total cost for 8,000 units:</u>
Total cost= 14.35*8,000= $114,800
Answer:
-911.51 the debt will decrease if sales increase 12%
Explanation:
sales: 28,400
increase of 12%
new sales: 31,808
<em><u>profirt margin:</u></em>
2,250/28,400 = 0.0792 = 7.92%
income: 31,808 x 7.92% = 2,519.19
retained earnigns grow: (1-payout ratio) = 0.6
2,519.19 x 60% = 1,511.514
Increase in working capital: 5,000 x 12% = 600
Asset requirement - reteined earnigns grow = financial needs
600 - 1,511.51 = -911.51
What happens in a perfectly competitive industry when economic profit is greater than zero?
The answer is all of the above. If a perfectly competitive industry has economic profit greater than zero then existing firms may expand their operations, firms may move along their LRAC curves to new outputs, there may be pressure on the market price to fall and new firms may enter the industry.
A perfectly competitive market is a hypothetical market where competition is at the highest level. Economists that study perfect competition state that this would be the best outcome of a market for consumers and society because each group would be evenly competing for consumers.
