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2 years ago

• Aiden and Sophia are married and they have always filed Married Filing Jointly.

Business

1 answer:

dem82 [27]2 years ago

7 0

Answer:

5. C

6. C

Explanation:

5. In this year 2020, The most advantageous filing status allowable that Sophia can claim on the tax return is option c :

Which is the Qualifying Widow(er)

This filing status known as the Qualifying widow/widower is applicable to surviving spouses like Sophia who have dependents. The surviving spouse would be able to file taxes jointly with the spouse who is now late.

6. Sophia can deduct a charitable contribution adjustment of option c:

Which is $300

In year 2020, those who are non-itemizers are able to claim up to $300 in an above-the-line income tax deductions for the monetary donations that they made in that year.

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Mauro Products distributes a single product, a woven basket whose selling price is $21 per unit and whose variable expense is $1

Grace [21]

Answer:

1. Break even points in units will be = 2,700 units

2. Break-even point in dollar sales = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales = 2,900 units

Explanation:

Break even point = $\frac{Fixed Cost}{Contribution per unit}$

Fixed Cost = $8,100

Contribution per unit = Sale Price - Variable Cost = $21 - $18 = $3

1. Break even points in units will be

= $\frac{8,100}{3} = 2,700 units.$

2. Break-even point in dollar sales

= Break even point in units X Sale price per unit

= 2,700 units X $21 = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales

= $\frac{8,100 + 600}{3}$ = 2,900 units

Final Answer

1. Break even points in units will be = 2,700 units

2. Break-even point in dollar sales = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales = 2,900 units

3 0

3 years ago

As sales manager, Joe Batista was given the following static budget report for selling expenses in the Clothing Department of So

boyakko [2]

Answer:

Soria Company

Clothing Department

Selling Expense Flexible Budget Report for the month ended October 31, 2017: (Joe Batista)

Budget Actual Variance Comment

Sales in units 10,000 10,000 0 Neither

Flexed Variable Expenses:

Sales Commission $2,400 $2,400 0 Neither

Advertising Exp. $1,200 $900 $300 Favorable

Travel Expense $4,000 $4,000 0 Neither

Free Samples $2,300 $1,300 $1,000 Favorable

Total Variable $9,900 $8,600 $1,300 Favorable

Fixed Expenses:

Rent $1,700 $1,700 0 Neither

Sales Salaries $1,100 $1,100 0 Neither

Office Salaries $800 $800 0 Neither

Depreciation $400 $400 0 Neither

Total Fixed $4,000 $4,000 0 Neither

Total Expenses $13,900 $12,600 $1,300 Favorable

Explanation:

a) Budgeted Variable Costs were flexed as follows:

i) Sales Commission = $1,872/7,800 x 10,000 = $2,400

ii) Advertising Expenses = $936/7,800 x 10,000 = $1,200

iii) Travel Expense = $3,120/7,800 x 10,000 = $4,000

iv) Free Samples = $1,794/7,800 x 10,000 = $2,300

b) The fixed costs could not be flexed as they remain invariable no matter the activity level.

c) Flexible budget is a budget that adjusts or flexes with changes in volume or activity. It is a more accurate way of assessing performance because it is based on actual volume or activity level unlike a static budget, which remains unchanged.

3 0

2 years ago

Read 2 more answers

Many organizations are concerned about the rising cost of employee benefits and question their value to the organization and to

shepuryov [24]

Answer:

Benefits that are of most prominent incentive to the employees and to the organization are as per the following:

The employees are obligated to get benefits that are variable and are a piece of salary bundle. These can incorporate house lease remittance, travel recompense, training stipend and advancement of the worker youngster and so forth.

Health, life and handicap benefits likewise to be incorporated into the salary. Phone recompense if the activity requires making a great deal of calls to different clients.

The firm ought to likewise give paid leaves and occasions to the employees to reproduce and revive their psychological capacity.

4 0

3 years ago

What are the major factors that determine investment, and what impact does each have on aggregate demand?

Novosadov [1.4K]

The major factors that determine investment are interest rates and inflation. The relationship between interest rate and aggregate demand is inversely related. The relationship between inflation and aggregate demand is positvely related.

<h3>What is aggregate demand?</h3>

Aggregate demand is the sum total of all goods and services produced in an economy in a given period.

To learn more about aggregate demand, please check: brainly.com/question/24319248

5 0

2 years ago

D) Identify and explain two reasons why accurate market research<br> information should be accurate

bazaltina [42]

Answer:

When businesses are deciding how to develop their products and services, they undertake market research. Market research can either be done by the company itself or taken from elsewhere. Having reliable market research data is essential. Basing decisions on unreliable research can be very costly to a business. For research to be reliable, it must have a high level of validity. This means that the facts and evidence gathered are accurate.

Two reasons why market research should be accurate:

Business Risks: Regular market research will be your way to check in with your current customers and potential customers to ensure that you’re still meeting their needs. If it is accurate business risks are reduced but if inaccurate, it could lead to the crash of your business.

Decision-making: The need for and importance of marketing research frequently comes up when making tough business decisions. Instead of having arbitrary criteria for the decisions you make as a business owner, you can always go back to your market research report. Based on that report, will this decision lead to more customers? Will you be able to reach more people who are likely to buy from you? Will it be clear to them that your business can meet their needs? With an accurate market research, the business can make properly informed decisions but with inaccurate market research, the business will be making unwise decisions

8 0

2 years ago