1. Contribution Margin (in unit sales) = $18
Contribution Margin (in dollar sales) : $ 270,000 (given)
Fixed Cost = $216,000
Break even point (in unit sales) = Fixed Cost ÷ Contribution margin per unit
= $216,000 ÷ 18
= 12000
Break even point (in dollar sales) = Sales price per unit × Break even (in unit)
= $30 × 12000
= $360,000
2. Contribution Margin at the break even point is the total fixed cost ($216,000)
Answer:
Incidence; burden; shifted.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
The different types of tax include the following;
1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.
2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.
3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.
Tax incidence can be defined as the manner or an analysis of how the burden of a tax (tax burden) is divided between the producers of goods and services and the consumers. This is to ensure that the burden for the manufacturing of the goods or services falls or rest on both the producer and the consumer of the product.
Generally, the tax incidence of a product is mainly dependent on the price elasticity of demand and supply of the produc
Additionally, indirect taxes can be shifted from one person to another, while direct taxes cannot be shifted at all.
Answer:
Market value of a corporation is its value according to the stock market. Book value on the other hand is the difference between assets and liabilities of a corporation.
Explanation:
The market value of a corporation is the value attributed to it by the financial market. It is calculated by multiplying the price of each share by the number of outstanding shares.
The book value is the value of the corporation if the assets are liquidated and liabilities are paid off. It is calculated by finding the difference between assets and liabilities.
If the market value of a corporation is greater than its book value it means the market does not believe that the company is worth what it has mentioned in its book value.
If the market value is higher than the book value, it indicates that the market has confidence in the corporation's ability to generate earnings in the future.
Answer:
As with any legal process, bankruptcy is a complex issue with both positive and negative consequences. Anyone considering filing for bankruptcy should consider all the possible outcomes before taking this step. Whether one is considering a Chapter 7 straight bankruptcy or a Chapter 13 repayment plan case, consulting with a qualified consumer bankruptcy attorney is paramount to ensuring that the process runs smoothly and advantageously.
Color dyes and explosions will be your answer!
Other things sulphuric acid can create would be drugs, nitric acid, and hydrochloride acid.
