Answer:
See
Explanation:
Selling price = $25,000/1,000 = $25
Variable cost = $17,500/1,000 = $17.5
1,001 units
Contribution margin income statement
Sales ($25,000 + $25)
$25,025
Less variable expenses
Answer:
Option A
Explanation:
As per the uniform commercial code set by the appropriate government agency of America, delivery of any commodity whether tangible or intangible should take place at the business facility of the supplier. Such facility could be a warehouse or a shop etc. However this is a guideline and not a rule which must be followed.
Thus, from the above we can conclude that the correct option is A.
Answer:
Mathis Co.
The Tax payable for 2020 is:
= $1,320,000
Explanation:
a) Data and Calculations:
2020 Financial income = $1,200,000
add Litigation expense 3,000,000
add installment sales 2,400,000
Adjusted taxable income $6,600,000
Income tax rate = 20%
Tax payable for 2020 = $1,320,000
b) The litigation expense was deducted from the financial income. This is added back to the income. Installment sales were not included in the revenue for the financial income of 2020. This is also added to the financial income. The net result is the figure for taxable income. This forms the basis for the application of the income tax rate of 20%.
Answer:
Objective System
Explanation:
The purpose of performance appraisal is to get the data of employee's performance in order to make future decisions, grant benefits, provide feedback, and measure overall performance.
There are many ways to gauge the performance appraisal and out of them one is objective performance appraisal in which focus is on the results of targeted objectives that the organization has given to the employees. This system doesn't give much importance to personal perceptions of the managers or supervisors on the performance of employees.
