It depends on the situation
The income tax for 20,000 is 2,000 right?
So to how much percent is 2000 of 20000 you have to divide the number and multiply by 100.
So 2000/20000 is 0.1 right?
Multiply 0.1 worth 100 to get 10% tax.
We can check with the 3000 and 30000 also
Answer and Explanation:
Particulars Microscopes
Made units 11,800
Less : Sold units 7,800
Closing Inventory 4,000
Now
Cost per Microscope is
= $66,375,000 ÷ 11,800
= $5,625.
Now
The Portion of Transportation Cost still in hand in Ending Inventory is
= $5,625 × 4,000
= $22,500,000
Now the identification of the financial statement elements are as follows
Assets Overstated $22,500,000
Liabilities Not Affected
Retained earnings Overstated $22,500,000
Revenue Not Affected $22,500,000
Expense Understated $22,500,000
Net income Overstated $22,500,000
The liabilities and the revenue is not affected and the other items would affected accordingly
Answer:
The correct answer is C. The firm is producing at the point where marginal cost equals average cost.
Explanation:
According to the cost curve, if the marginal component is exactly equal to the total cost, the average total cost is the minimum. If the marginal cost equals variable cost, the moving average cost is the minimum.
