Answer:
C) breaks even.
Explanation:
Cost-volume-profit analysis is also known as the break even analysis, it is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Hence, if revenues are greater than total variable costs of production but less than total costs, a firm breaks even because the amount of money being generated is greater than the cost of running the business.
It would most likely it would be false
Answer: $132,000
Explanation:
Oscar's new basis on the building will be the basis of the old building plus any additional investment he added.
This is the because there is no gain on the $140,000 he received because it was an Involuntary Conversion amount and he reinvested it into another building within a period of 2 years.
As there is no gain, the building will retain it's original basis but will add any amount outside the involuntary replacement cost of the building.
The Additional basis will be,
= Cost of building - Insurance
= 142,000 - 140,000
= $2,000
The Basis for the new building is,
= 130,000 + 2,000
= $132,000
Answer:
The value of GDP in dollars = $74600
Explanation:
Given the GDP (gross domestic product) of Australia = 100000 AUD
Given the exchange rate, 1.34 AUD = $1.
Since we have given the total amount of GDP for Australia and exchange rate. Now we have to calculate the value of Australian GDP in the dollars. We can find this by dividing the total GDP with 1.34 AUD.
The value of GDP in dollars = 100000 / 1.34 = $74626.86 or $74600.
The cost of goods manufactured during the period would be the $15000 + $28000 + $23000 is $66000. In other words, the costs are the total amount of costs added up for all three of the projects since goods were presumably produced by all three projects.
