Answer:
100 sweatshirts
Explanation:
To calculate the breakeven, we will first calculate the Contribution earned from each of the unit (sweatshirt) produced and sold.
Contribution per unit = Selling price per unit - Cost of producing one unit
Contribution per unit = $25 - ($10 + $2)
Contribution per unit = $13
Then in order to calculate breakeven, we divide the total fixed cost from the Per unit Contribution earned to determine the no. of unit at which we would be at breakeven (i.e. no profit no loss). As shown below:
Breakeven = Total Fixed Cost / Contribution per unit
Breakeven = ($1,000 + $300) / $13
Breakeven = 100 units of sweatshirt
Answer:
Please find the detailed answer as follows:
Explanation:
a) The cost of obtaining an MBA degree for someone who is employed in a business position normally is a deductible education expense. But if the reason for taking course is to qualify her for a new trade or business then the expense will not be deductible or disallowed.
Reasons Deductible or Nondeductible
- It is to maintain or improve existing skills required in her present job. Deductible
- It is to meet the minimum educational standards for qualification in her existing job. Deductible
- It is to qualify her for a new trade or business. Nondeductible
.
- It is to meet the express requirements of her employer or the requirements imposed by law to retain her employment status. Deductible.
b) $4,000 will be allowed as deduction for qualified tuition under § 222. Except for this amount of tuition portion, Jamie must itemize to claim the deduction and it will also be subject to the 2% of AGI limitation.
Answer:
200 mystery novels.
Explanation:
Giving the following information:
Valerie deposits $3,000 in a bank account that pays an annual nominal interest rate of 15%. At the time of her deposit, a mystery novel is priced at $15.00.
Purchasing power= $3,000/$15= 200 mystery novels.
It is not correct to say that a company ought to rent more capital "if the marginal output of capital is smaller than the rental rate of capital." Hence we conclude that the statement is FALSE.
This is further explained below.
<h3>What is
the marginal product?</h3>
Generally, In neoclassical economics, the marginal product is the change in output that occurs from utilizing one more unit of a particular input, assuming that the values of all other inputs remain constant. Marginal product is the difference in output that occurs when an extra unit of input is used.
In conclusion, if the MPK is greater than the rental rate of capital, then the only time a firm should employ more capital is when they need it.
This is the only time that a company should employ additional capital.
It is not correct to say that a company ought to rent more capital "if the marginal output of capital is smaller than the rental rate of capital."
Read more about the marginal product
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