Answer:
Contribution margin ratio= 0.7
Explanation:
Giving the following information:
Total
Sales $168,000
Variable expenses 50,400
<u>To calculate the contribution margin ratio, we need to use the following formula:</u>
Contribution margin ratio= (sales - total variable cost) / sales
Contribution margin ratio= (168,000 - 50,400) / 168,000
Contribution margin ratio= 0.7
Answer:
Recourse debt.
Explanation:
Cancelled recourse debt are included as income and are taxable. Taxpayer get the benefit for using the money but does not have burden to repay the amount. These are mainly, prizes, awards on winning any contest etc. Debt which are forgiven or cancelled by lender are considered as Income and taxable. The law say that income from discharge of indebtness are included as income.
Answer:
A. the purchase of a foreign asset and a forward contract in the market for foreign exchange.
Explanation:
The covered interest arbitrage is the commonly form of arbitrage in which the investor used the forward contract against the risk of the exchange rate
In this, the norms are agreed and set by the investors to remove the future risk
Therefore as per the given situation, the first option is correct
hence, the same is to be considered
Thus, all the other options are wrong
Straight line method formula is depreciable amount /
estimated useful life.
Plugging in our data from the problem above:
[(30,000,000 + 2,000,000)
- 2,400,000
= ----------------------------------------------------
40
years
32,000 000 – 2,400,000
= ----------------------------------
40 years
29,600,000
= ---------------
40 years
= 740,000 is the depreciation for the first full year.
The answer to your question is yes, TRUE.