What does account book value mean? Book value is your initial capital plus the interest and dividends the investment earns over time. Market value is the current price at which you could sell that asset on any given day. How is book value calculated? How do you calculate book value? The book value of a […]
How can average cost be reduced?
How can average cost be reduced? c) To determine the quantity to be produced in order to minimize the average total costs we have to calculate the quantity that makes marginal costs equal average total costs. So, ATC is minimized at 50 units of output. What quantity minimizes average cost? The average cost is minimized […]
How do you calculate target profit units?
How do you calculate target profit units? What is Target Profit? Multiply the expected number of units to be sold by their expected contribution margin to arrive at the total contribution margin for the period. Subtract the total amount of expected fixed cost for the period. The result is the target profit. How do you […]
What is excluded from Texas sales tax?
What is excluded from Texas sales tax? Common Texas sales tax exemptions include those for necessities of life, including most food and health-related items. In addition, goods for resale, such as wholesale items, are exempt from sales tax, as well as newspapers, containers, previously taxed items, and certain goods used for manufacturing. What are taxable […]
What was the federal tax rate in 2010?
What was the federal tax rate in 2010? How We Make Money Tax rate Single filers Married filing jointly or qualifying widow/widower 10% Up to $8,375 Up to $16,750 15% $8,376 – $34,000 $16,751 – $68,000 25% $34,001 – $82,400 $68,001 – $137,300 28% $82,401 – $171,850 $137,301 – $209,250 How do I use IRS […]
What is the journal entry for sold merchandise on account?
What is the journal entry for sold merchandise on account? Because the merchandise is sold on account, accounts receivable balance increases. This is the journal entry to record the cost of sales. When merchandise is sold, the quantity of merchandise owned by an entity decreases. How do you record sold merchandise on account? To record […]