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2 years ago

What is allowable self-employment plan contributions.

1 answer:

4 0

<h3><em>Answer:</em></h3><h3><em>Answer:For a self-employed individual, contributions are limited to 25% of your net earnings from self-employment (not including contributions for yourself), up to $61,000 for 2022 ($58,000 for 2021; $57,000 for 2020). You can calculate your plan contributions using the tables and worksheets in Publication 560</em></h3>

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Mauro Products distributes a single product, a woven basket whose selling price is $12 per unit and whose variable expense is $1

brilliants [131]

Answer:

1200 BEPunits
$14,400 BEP dollars
second scenario

1200 BEPunits

$14,400 BEP dollars

Explanation:

$\frac{Fixed Cost}{contribution margin} = BEPunits$

contribution margin = Sales - Variable Cost

12 - 10 = 2 contribution margin

fixed expenses = 2,400

BEP = 2,400/2 = 1,200 units

<u>Resuming: </u>each unit contributes with $2 dollars therefore it needs to sale 1,200 untis to pay the fixed cost.

units x sales price = sales revenue

1,200 x 12 = 14,400 BEP in Dollars

Also it is posible to get this by using contribution margin ratio

in the BEP formula:

$\frac{Fixed Cost}{Contribution Margin Ratio} = BEPdollars$

contribution margin/sales price = 2/12 = 1/6

fixed cost /contribution margin ratio = 2,400/(1/6) = 14,400

Scenario were fixed cost increase:

increase in fixed/contribution margin + previous BEP = BEPunits

increase in fixed/contribution margin ratio + previous BEP = BEPdollars

600 fixed cost /contribution margin = 600/2 = 300 more units to our prevous 1,200 total of 1,500

600 fixed cost /contribution margin ratio = 600/(1/6) = $3,600 more sales revenue to our prevous 14,400 total of 18,000

3 0

3 years ago

In a __________ pricing tactic, sellers advertise low prices and then aggressively pressure customers to purchase higher-priced

Mrrafil [7]

Answer:

This is known as a "bait and switch" pricing tactic :)

3 0

2 years ago

Amy, a baker, has found her dream home, but cannot afford the down payment. Amy’s brother agrees to loan her $3000 for the down

Kitty [74]

Answer:

$0 because an agreement to accept different performance in lieu of full payment of liquidated debt is binding.

Explanation:

Since there is an agreement between Amy, a baker, and her brother, she owes him $0.

At first, Amy gets a loan of $3,000 from her brother to pay for her dream home. She agrees to pay him back in one year, and that agreement was binding. During the time to pay back the loan, Amy offers to bake her brother's wedding cake instead of paying back the loan and her brother accepts. This has presented a new agreement that overrules the previous agreement. Now instead of paying back the $3,000, she would bake a wedding cake for him. This implies that the wedding cake is equal to $3,000.

Therefore, she owes him $0.

4 0

3 years ago

Which of the following is not commonly regarded as being part of a firm’s credit policy? a. Credit period b. Collection policy c

Alex

D!!! All of the above

6 0

3 years ago

Cartels control the production and pricing of goods mainly through

Lubov Fominskaja [6]

Answer:

the elimination of competition

Explanation:

8 0

3 years ago