Answer:
The answer is: C) will suffer a loss equal to its fixed costs.
Explanation:
If a company shuts down its production temporarily (not permanently), it will stop receiving revenue from the goods it used to produce but at the same time will not be spending any money on variable costs. The company will suffer losses equivalent to its fixed costs (e.g. depreciation costs, rent, etc.).
A company decides to shut down its production when the revenue it receives from selling its products doesn't even cover their variable costs. That means it is losing money by producing its goods.
Answer:
$81,900
Explanation:
tax liability = (total income - total expenses + long term capital gains - short term capital gains) x tax rate
tax liability = ($730,000 - $400,000 + $90,000 - $30,000) x 21% (corporate tax established by TC&JA) = $390,000 x 21% = $81,900
Corporations pay the same tax rate for normal income or capital gains, unlike individuals who generally pay lower capital gains rates.
Answer and Explanation:
The computation of the equivalent units of production for both materials and conversion costs is given below:
For material
= Units completed + ending work in process × completion percentage
= 7,700 + 2,100 × 0.75
= 9,275 units
And, for conversion cost
= Units completed + ending work in process × completion percentage
= 7,700 + 2,100 × 0.25
= 8,225 units
Answer:
I think a shoe store would be considered a corporation, however it could be a sole proprietorship meaning the business is solely owned and taken care of by one person, but that's unlikely since a shoe store would need employees to maintain their store.
Explanation:
There are three categories of business which are the following:(1) sole proprietorship, (2) partnership, and (3) corporation. Within each category, there are several variations.
Hope I helped, have a nice day :)
Answer:
Fixed
Explanation:
The Answer is Fixed Parking because is depending on how the event changes on increasing or decreasing ticket pricing after the service revenue sold
