Answer:
A. $575,000 + $125,000 - $560,000
Explanation:
According to the ending inventory report, cost of sales would be calculated as follow;
Cost of sales = Beginning inventory + Purchase - Ending inventory
Cost of sales = $575,000 + $125,000 - $560,000
Answer:
= 5,200
Explanation:
Let the sales units be represented by variable X
Profit = Revenues -COGS -Fixed costs
Revenues = Selling price *X = $5X
COGS = $2.5X
Fixed costs = $3,000
Desired profit = $10,000
Therefore;
10,000 = 5X -2.5X - 3,000
Add 3,000 on both sides;
10,000 +3,000 = 2.5X
13,000 = 2.5X
Divide both sides by 2.5 to solve for X;
13,000/2.5 = X
X = 5,200
Therefore, the sales level in units is 5,200
Answer:
Additional tax the firm will owe: $3.15
Explanation:
Marginal tax rate is calculated by following formula:
Marginal tax rate = Change in taxes paid/Change in income
Change in taxes paid = Marginal tax rate x Change in income
The firm increases its revenue by $100 while increasing its cost of goods sold by $85.
Change in income = $100 - $85 = $15
Additional tax the firm will owe = $15 x 21% = $3.15
Answer: When people have insurance against a certain event, the notion that those people are less likely to guard against that event occurring is called a <u>moral hazard.</u>
Explanation: Moral hazard happens frequently in cases of insurance. If a person has a house, they can decide to install a vault because it reduces the risk of being robbed;
However, when the same person has arranged an insurance that covers the risk of theft of the house, they will have fewer incentives than in the previous situation, to install the security door and ultimately it will be able to increase the probability of the loss in this Theft case. This behavior, for example, before insurance coverage is called moral hazard.
Answer: LinkedIn.
Explanation:
LinkedIn is a website created strictly for business related activities such as: job advertisement, job application services, business adverts and messaging services (for interaction between businesses and business and consumers of products).
