A practitioner is engaged to prepare a client's federal income tax return for 20X1 and 20X2. The practitioner files the 20X1 return on the client's behalf and provides copies of the 20X1 return and all related documents to the client. After the 20X2 return is prepared, the client disputes the fees for the 20X2 tax engagement, terminates the relationship, and requests all tax returns and related records. The client has not yet paid for preparation of the 20X2 return. Under IRS Circular No. 230, which records must the practitioner return to the client

Answers

Answer 1

Question Completion with Options:

A.) Notes the practitioner took when meeting with the client about the 20X1 and 20X2 tax returns.

B.) The engagement letter executed by the client for preparation of the 20X2 federal income tax return.

C.) An appraisal the practitioner prepared in connection with the 20X1 federal income tax return.

D.) Schedules the practitioner prepared, which the client needs to file in its 20X2 federal income tax return.

Answer:

Under IRS Circular No. 230, the records the practitioner must return to the client are:

D.) Schedules the practitioner prepared, which the client needs to file in its 20X2 federal income tax return.

Explanation:

Under IRS Circular No. 230, the practitioner must, at the request of a client, promptly return all records to enable the client to comply with his or her Federal tax obligations. However, the practitioner may retain copies of the records returned to the client. This means that the fees dispute does not stop the practitioner from returning records to the client.


Related Questions

The Marketing Dept. needs to maximize consumer interest in the company's new financial services by sending marketing emails, targeted ads, and texts at prescribed intervals throughout the initial process of attracting and building a relationship with a customer. Riad's team has a large amount of data from previous marketing campaigns that they can analyze to develop a recommended schedule, taking into account a large variety of factors about different types of customers. What kind of technique will this task force need to employ in order to make these recommendations?

Answers

Answer:

Simulation

Explanation:

From the question we are informed about The Marketing Dept. Which needs to maximize consumer interest in the company's new financial services by sending marketing emails, targeted ads, and texts at prescribed intervals throughout the initial process of attracting and building a relationship with a customer. Riad's team has a large amount of data from previous marketing campaigns that they can analyze to develop a recommended schedule, taking into account a large variety of factors about different types of customers. In this case, the kind of technique this task force will need to employ in order to make these recommendations is Simulation.

Simulation can be regarded as imitation of particular operation of a real-world process, real world system within some specific period of time. Most times computers can be used in Execution of the simulation. Simulation can be used in different aspects such as in marketing, education, performance tuning.

The preferred stock of a company pays a $2.75 quarterly dividends. If the preferred stockholders' required return is 7.25% for these shares, what price should the preferred stock sell for?
82.35

151.72

92.31

114.29

167.74​

Answers

Answer:

$151.72

Explanation:

Quarterly dividends of preferred stock = $2.75

Annual dividend of preferred stock = 4 * Quarterly dividend

Annual dividend of preferred stock = 4 * $2.75

Annual dividend of preferred stock = $11

Required return = 7.25% = 0.0725

Return = Dividend / Current price

0.0725 = $11 / Current price

Current price = $11 / 0.0725

Current price = 151.724138

Current price = $151.72

So, the preferred stock should sell for $151.72.

Operating Leverage Beck Inc. and Bryant Inc. have the following operating data: Beck Inc. Bryant Inc. Sales $1,250,000 $2,000,000 Variable costs (750,000) (1,250,000) Contribution margin $500,000 $750,000 Fixed costs (400,000) (450,000) Operating income $100,000 $300,000 a. Compute the operating leverage for Beck Inc. and Bryant Inc. If required, round to one decimal place. Beck Inc. fill in the blank 1 Bryant Inc. fill in the blank 2 b. How much would operating income increase for each company if the sales of each increased by 20%? Dollars Percentage Beck Inc. $fill in the blank 3 fill in the blank 4 % Bryant Inc. $fill in the blank 5 fill in the blank 6 % c. The difference in the of operating income is due to the

Answers

Answer:

1. Operating leverage = Contribution margin / Net income

Beck Inc.

Operating leverage = $500,000 / $100,000

Operating leverage = 5

Bryant Inc.

Operating leverage = $750,000 / $300,000

Operating leverage = 2.5

2. Income from operations increase = Increase in sales * Degree of operating leverage

Dollar increase = Net income * Percentage

Beck Inc.

Percentage = 5*20 = 100% (Income from operations increase)

Dollar increase = $100,000 * 100% = $100,000

Bryant Inc.

Percentage = 2.5*20 = 50% (Income from operations increase)

Dollar increase = $300,000 * 50% = $150,000

The Wisconsin Lottery will pay a lottery winner a lump sum payment of $19,046,180 as the final payment of her winnings in four years. If the appropriate discount rate for the payment is 8.6% what is the present value of the payment?
a. $5,191,977.
b. $5,408,309.
c. $116,741.
d. $17,899,197.
e. $17,899,197.

Answers

Answer: $13,692,683.93

Explanation:

Present value = Amount / (1 + rate) ^ number of periods

= 19,046,180 / (1 + 8.6%)⁴

= $13,692,683.93

Options are most probably for a variant of this question.

5. If a company had $15,000 in net income for the year, and its sales were $300,000 for the same year, what is its profit margin

Answers

Answer:

5%

Explanation:

Net income is $15,000

Sales is $300,000

The profit margin can be calculated as follows

= 15,000/300,000

= 0.05×100

= 5%

Profit margin is 5%

For any positive interest rate the present value of a given annuity will be less than the sum of the cash flows, and the future value of the same annuity will be greater than the sum of the cash flows.

a. True
b. False

Answers

it’s A true

hope this helps

Thomas is concerned about his company's ability to pay off its short-term debts. If he wants to know more about his company's liquidity, what should he do?
Calculate his debt to equity ratio
Calculate his net working capital
Calculate his total assets
Calculate his total liabilities

Answers

Answer: Calculate his net working capital

Explanation:

The net working capital shows a company's ability to pay off its short term obligations using its current assets.

It is calculated by subtracting the current liabilities of a company from its current assets. When net working capital is high, a company has enough to ensure that it can grow in the short run but when the net working capital is little or negative, the company will have a hard time paying off short term obligations which will affect its financial health.

A convertible preferred stock is convertible at $10, pays a 4% annual dividend, is callable at $110, and is trading at a current market price of $116. Based on these details, what is the parity price of the common stock

Answers

Answer:

$11.60

Explanation:

In ascertaining the parity price of the common stock, we need to ascertain the conversion ratio which is the par price of the preferred stock divided by the convertible price

The par value of the preferred stock=$100(since call price is $110)

convertible price=$10

conversion ratio=$100/$10=10

The parity price is the current market price of the preferred stock divided by the conversion ratio

Parity price=$116/10

Parity price=$11.60

Kingbird, Inc. purchased a piece of equipment for $72,200. It estimated a 8-year life and a $3,400 salvage value. At the end of year four (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $7,200.

Compute the revised depreciation assuming Kingbird uses the straight-line method.

Revised annual depreciation
$enter the revised annual depreciation in dollars

Answers

Depreciation Expense 3,060

Accumulated Depreciation 3,060

72,200-3,400=68,800/8yr=8,600*4yrs=34,400-72,200=37,800

37,800-7,200=30,600/10yr=3,060 annual depreciation

72,200-3,400=68,800/8yr

=8,600*4yrs

=34,400-72,200=37,800

37,800-7,200=30,600/10yr

=3,060 annual depreciation

Therefore, the Depreciation Expense of 3,060.

What is depreciation?

Depreciation is a term used in accounting to describe two different aspects of the same idea: first, the actual decline in an asset's fair value as it is used and worn, such as the annual decline in value of factory equipment, and second, the allocation in accounting statements of the asset's original cost to the periods in which the asset is used (depreciation with the matching principle).

Depreciation is the process of reallocating, or "writing down," the cost of a physical item (such as equipment) over the course of that asset's useful life. It also refers to the decline in asset value. Long-term assets are depreciated by businesses for accounting and tax reasons. A company's or entity's balance sheet is impacted by the asset's decline in value, and the income statement they report is impacted by the process of depreciation from an accounting standpoint.

Learn more about depreciation here:

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The treasurer of a large corporation wants to invest $43 million in excess short-term cash in a particular money market investment. The prospectus quotes the instrument at a true yield of 3.47 percent; that is, the EAR for this investment is 3.47 percent. However, the treasurer wants to know the money market yield on this instrument to make it comparable to the T-bills and CDs she has already bought. If the term of the instrument is 77 days, what are the bond equivalent and discount yields on this investment? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)
Bond equivalent yield %
Discount yield %

Answers

Answer and Explanation:

The computation is shown below:

Given that,

EAR = 3.47%

1.0347 = (1+R ×77 ÷ 365)^365 ÷ 77

Now Take 365/77th root both sides

So,  

1+R × 77 ÷ 365 = 1.00722

1+R × 0.2109 = 1.00722

R × 0.2109 =0.00722

R = 0.03423

Thus, Bond Equivalent Yield = 3.423%

Now

Discount Yield = (360 × 0.03423) ÷ (365+77 × 0.03423)

= 12.3244 ÷ 367.6361

= 0.03352

Thus, Discount Yield = 3.352%            

The following firms in the widget industry have the following market shares:

Spacely Sprocket Widgets 12 %,
Cogswell Cog Widgets 13 %,
Intel Widgets 14 %,
Compaq Widgets 15 %,
IBM Widgets 16%,
Apple Widgets 17 %, &
Microsoft Widgets 13 %.

Required:
Based on this information, what is the Herfindahl Hirschmann Index (HHI) for the Widget Industry ?

Answers

Answer: 1,448

Explanation:

The Herfindahl Hirschman Index (HHI) is used to show how concentrated an industry is. A lower score indicates that the industry is not very concentrated because there are multiple firms involved.

A higher score shows that the industry is concentrated and controlled by a few firms.

HHI = ∑ square of every firm market share

= 12² + 13² + 14² + 15² + 16² + 17² + 13²

= 1,448

This industry is relatively competitive.

A monopolist that practices perfect price discrimination:_________.
A. charges each consumer the rnaximum price the consumer is willing to pay.
B. drives consumer surplus to zero
C. produces the perfectly competitive level of output.
D. All of the above are correct.
E. Only A and B are correct.

Answers

Answer:

D. All of the above are correct.

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

For example, a public power company is an example of a monopoly because they serve as the only source of power utility provider to the general public in a society.

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

Price discrimination refers to the situation in which a business firm sells an identical product to different consumers at different selling price based on reasons that are not in any way associated or related with its manufacturing cost.

Hence, a monopolist that practices perfect price discrimination:

A. Charges each consumer the maximum price the consumer is willing to pay.

B. Drives consumer surplus to zero

C. Produces the perfectly competitive level of output.

Answer:

D. All of the above are correct.

Explanation:

Hope this helps

Carpenter Inc. had a balance of $89,000 in its quality-assurance warranty liability account as of December 31, 2020. In 2021, Carpenter's warranty expenditures paid were $454,000. Its warranty expense is calculated as 1% of sales. Sales in 2021 were $40.9 million. What was the balance in the warranty liability account as of December 31, 2021

Answers

Answer:

$44

Explanation:

Calculation to determine what

was the balance in the warranty liability account as of December 31, 2021

Warranty liability account as of December 31, 2021=(1%*89,000)+(40,900,000*.01)-(1%*$454,000)

Warranty liability account as of December 31, 2021=89+(40,900,000*.01)-454

Warranty liability account as of December 31, 2021=$44

Therefore the balance in the warranty liability account as of December 31, 2021 was $44

The Smelting Department of Kiner Company has the following production and cost data for November. Production: Beginning work in process 2,100 units that are 100% complete as to materials and 20% complete as to conversion costs; units transferred out 9,100 units; and ending work in process 7,100 units that are 100% complete as to materials and 40% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November.

Answers

Answer:

A. 16,200

B. 11,940

Explanation:

Computation for the equivalent units of production for (a) materials and (b) conversion costs for the month of November.

A. Equivalent units of production for materials Materials

Total equivalent units= 9100 + (7100*100%)

Total equivalent units= 9100+7100

Total equivalent units= 16,200

B.Equivalent units of production for conversion costs

Total equivalent units= 9100+ (7100*40%)

Total equivalent units=9100+2840

Total equivalent units= 11,940

Therefore the equivalent units of production for (a) materials is 16,200 and (b) conversion costs for the month of November is 11,940

Athena Company's salaried employees earn two weeks of vacation per year. It pays $910,000 in total employee salaries for 52 weeks but its employees work only 50. Record Athena Company's weekly journal entry to record the vacation expense:

Answers

Answer:

If $910,000 is paid as employee salary for the year then the weekly salary is:

= 910,000 / 52

= $17,500

The cost of 2 vacation weeks is therefore:

= 17,500 * 2

= $35,000

There are 50 weeks to be worked so vacation expense needs to be apportioned to these weeks:

= 35,000 / 50

= $700

Weekly journal entry is:

Date                    Account Title                                               Debit            Credit

XX-XX-XXXX     Vacation Benefits Expense                      $700

                           Vacation Benefits Payable                                             $700

If the old equipment is replaced now, it can be sold for $60,000. Both the old equipment’s remaining useful life and the new equipment’s useful life is 5 years. What is the net cost of the new equipment? g

Answers

Answer:

$315,000

Explanation:

The below is missing from the question, hence, my solution would be based on the original question and additional details below:

                             Old Equipment New Equipment

Purchase price                 $225,000 $375,000

Accumulated depreciation  $90,000 - 0 -

Annual operating costs           $300,000  $240,000

The net cost of the equipment is the actual expenditure to the firm by acquiring the new equipment which is the cost of new equipment minus the amount receivable from selling the old equipment

net cost of new equipment=$375,000-$60,000

net cost of new equipment=$315,000

Adophus, Inc.'s 2010 income statement reported total revenues of $850,000 and total expenses (including $40,000 depreciation) of $720,000. The 2010 balance sheet reported the following: accounts receivable beginning balance of $50,000 and ending balance of $40,000; accounts payable beginning balance of $22,000 and ending balance of $28,000. Therefore, based only on this information and using the indirect method, the 2010 net cash inflow from operating activities was:

Answers

Answer:

Adolphus, Inc.

Therefore, based only on this information and using the indirect method, the 2010 net cash inflow from operating activities was:

= $186,000.

Explanation:

a) Data and Calculations:

Total revenues =    $850,000

Total expenses        720,000

Operating income $130,000

Depreciation =          40,000

                                 Beginning      Ending     Changes

Accounts receivable $50,000    $40,000     -$10,000

Accounts payable     $22,000    $28,000     +$6,000

Operating activities section of the Statement of Cash Flows, 2010:

Net income                 $130,000

Non-cash expenses:

Depreciation                  40,000

Changes in working capital:

Accounts receivable      10,000

Accounts payable           6,000

Net cash inflow =      $186,000

Suppose GDP consists of eggs and ham. In 2002, 100 dozen eggs are sold at $3 per dozen, and 50 pounds of ham are sold at $4 per pound. If in 2001, the base year, eggs sold at $1.50 per dozen and ham sold at $5 per pound, nominal 2002 GDP is

Answers

Answer:

Nominal GDP = $500

Explanation:

Given the price of eggs in 2002 = $3

Quantity of eggs = 100 dozens  

Price of ham in 2002 = $4

Quantity of ham = 50 pounds

Nominal GDP  = Current year price x current year quantity

Nominal GDP = 100 x 3 + 50 x 4

Nominal GDP = 300 + 200

Nominal GDP = $500

Transactions that affect earnings do not necessarily affect cash. Identify the effect, if any, that each of the following transactions would have upon cash and net income.
(a) Purchased $100 of supplies for cash.
(b) Recorded an adjusting entry to record use of $20 of the above supplies.
(c) Made sales of $1,200, all on account.
(d) Received $800 from customers in payment of their accounts.
(e) Purchased equipment for cash, $2,500.

Answers

Answer:

(a) Cash reduction, no effect on net income

(b) Net income reduction, no effect on cash

(c) Net income increment, no effect on cash

(d) Cash increase, no effect on net income

(e) Cash reduction, no effect on net income

Explanation:

When items or services are exchanged for cash, these may be recognized as assets or expenses. While expenses reduce income, assets do not as it forms the exchange of one asset (cash) for another.

Considering the transactions in light of the above,

a) Purchased $100 of supplies for cash - Supplies are inventory (an asset) and would not reduce net income until it is used up

(b) Recorded an adjusting entry to record use of $20 of the above supplies. No effect on cash, entry is a reduction in supplies and recognition of cost of goods sold. As such net income reduces.

(c) Made sales of $1,200, all on account. -  Sales on account are credit sales. This will be recognized as a credit to sales (increase in net income) and a debit to accounts receivable.

(d) Received $800 from customers in payment of their accounts. - To recognize this, we debit cash (increase in cash) and debit accounts receivable. This has no effect on net income.

(e) Purchased equipment for cash, $2,500 - Again, this is he exchange of cash for an asset. This has no effect on income.

"How would you need to shift the supply and demand curves in a market to result in a situation where equilibrium quantity increases while the equilibrium price change is indeterminate?"

Answers

Answer:

the demand and supply curve shift outward / to the right

Explanation:

Only a change in the price of a good leads to a movement along the demand curve of that good. Also, only a change in the price of the good would lead to an increase or decrease in the quantity demanded of that good.

Other factors other than the change in the price of the good would lead to a shift of the demand curve. Some of those factors include :

1. a change in consumers' expectation

2. a change in the taste of consumers

3. a change in income

A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.

Other factors other than a change in the price of the good would lead to a shift of the supply curve. Such factors include :  

1. A change in the price of input  

2. A change in the number of suppliers  

3. Government regulations  

If the demand curve for a good shifts outward as a result of an increase in demand. Equilibrium price and quantity would increase.

If the supply curve for a good shifts outward as a result of an increase in supply, equilibrium price decreases and quantity increases.

Taking these two effects together, there would be an increase in equilibrium quantity while the equilibrium price change is indeterminate

Which of the following sentences apply correct number style?

a. More than $5,000,000.00 has been allocated to technology infrastructure upgrades.
b. Twenty-seven percent of our entry-level employees have majored in accounting.
c. Dan Yannotti, Director of Health Initiatives, turns 32 this year.

Answers

Answer:

The sentence that applies the correct number style is:

c. Dan Yannotti, Director of Health Initiatives, turns 32 this year.

Explanation:

Sentence A's number style should have been formatted like: "More than $5 million ..."  Alternatively, it could be formatted as "Five Million Dollars."

Sentence B's number style should have been formatted like: "27% of our ...."

This leaves sentence C as the sentence that applies the correct number style.

If the constructor function is a machine to create object instances, then the _____ is the blueprint for the objects that are created.

Answers

I think ( prototype)

If the constructor function is a machine to create object instances, then the prototype is the blueprint for the objects that are created.

Suppose that the equilibrium exchange rate (Euro/$) is .90 and the The Federal Reserve decides to fix the exchange rate at .70. What will the Federal Reserve have to do in order to maintain this fixed exchange rate

Answers

Answer:

C. The Federal Reserve will need to have official reserves of euros to purchase dollars in the foreign exchange market.

Explanation:

Federal Reserve required to have a euros reserves as it can applied it also at the case when the exchange rate is move upward or downward

For the other things, the fed could restrict the supply with respect to the dollar in the foreign exchange market in order to get it stable that opposed with euro

Therefore the option c is correct

Barney Company makes and sells stuffed animals. One product, Michael Bears, sells for $28 per bear. Michael Bears have fixed costs of $100,000 per month and a variable cost of $12 per bear. How many Michael Bears must be produced and sold each month to break even

Answers

Answer:

6,250 units

Explanation:

The computation of the number of units that should be sold and produced in order to break even is shown below:

as we know that

Break even point = Fixed cost ÷Contribution margin per unit

Here

Contribution margin per unit = Selling price - Variable costs

= $28 - $12

= $16

So, the breakeven is

= $100,000 ÷ $16

= 6,250 units

A construction manager just starting in private practice needs a van to carry crew and equipment. She can lease a used van for $3,510 per year, paid at the beginning of each year, in which case maintenance is provied. Alternatively, she can buy a used van for $5,185 and pay for maintenance herself. She expects to keep the van for three years at which time she could sell it for $1,330. What is the most she should pay for uniform annual maintenance to make it worthwhile to buy the van instead of leasing it, if her MARR is 20%

Answers

Answer:

$2,116

Explanation:

The computation is shown below:

Option 1 - Leasing

= 3510 + ( 3510 ÷ 1.2 ) + ( 3510 ÷ 1.2 ^ 2 )

= 8872.5

Now

Option 2 - Buying

Given that

Initial Cost - 5185

PV of salvage value = 1330 ÷ 1.2 ^ 3

= 769.68

So,  

Cost = 5185 - 769.68

= 4457.176

Now the payment should be

= 4457.176 × 0.47473 (PV annuity factory for 20% at 3 years)

= $2,115.955

= $2,116

Materials costs of $720000 and conversion costs of $800800 were charged to a processing department in the month of September. All materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. There were no units in beginning work in process, 120000 units were started into production in September, and there were 8000 units in ending work in process that were 30% complete at the end of September. What was the total amount of manufacturing costs assigned to those units that were completed and transferred out of the process in September

Answers

Answer:

The total amount of manufacturing costs assigned to those units that were completed and transferred out of the process in September is:

= $1,456,000.

Explanation:

a) Data and Calculations:

                                                 Units    Materials      Conversion      Total

Incurred during September                 $720,000      $800,800  $1,520,800

Equivalent units of production:

                                                       Units      Materials      Conversion

Started into production              120,000

Ending work in process                 8,000     8,000 (100%)     2,400 (30%)

Completed and transferred out 112,000  112,000 (100%)  112,000 (100%)

Equivalent units                                        120,000              114,400

Total cost of production                 $720,000      $800,800

Equivalent units                                120,000           114,400

Cost per equivalent units                          $6                  $7

Cost assigned to:

Units completed and transferred out  $672,000   $784,000     $1,456,000

Ending work in process                            48,000        16,800            64,800

Total cost assigned & accounted for  $720,000   $800,800     $1,520,800

Lion Company accepted a $15,000, 30-day, 6% note on December 16 from Diaz Co, granting a time extension on his past-due account receivable. The adjusting entry on December 31 for Lion Company would include a credit to:

Answers

Answer:

Interest Revenue for $37.50

Explanation:

The interest that has accrued on the note receivable from December 16 till December 31(for 15 days) needs to be recognized at the end of the year since the interest for those days has been earned.

Based on 30-day month counting, the interest that would be credited to interest revenue  and debited to interest receivable on 31 December is computed thus:

interest receivable=$15000*6%*15/360

interest receivable=$37.50

Explain how an employee stock ownership plan (ESOP) can be used to fund the sale of a company to employees. Research and explain the process that enabled the employees to be the majority owners of Publix Super Markets to enrich the discussion about employee stock ownership plans.

Answers

Answer:look just bee the boss

Explanation:cause thats all ik

3. When Wassily Leontief tested the predictions of the Heckscher-Ohlin theory, he found that in 1947 the United States was exporting relatively labor-intensive goods and importing relatively capital-intensive goods. This finding: A. Contradicted the Heckscher-Ohlin theory as the United States was relatively capital-abundant. B. Contradicted the Heckscher-Ohlin theory as the United States was relatively labor-abundant. C. Was never duplicated by other studies and has thus been labeled a paradox. D. Fit the predictions of the Heckscher-Ohlin theory concerning the trading patterns of a capital-abundant country.

Answers

Answer:

A. Contradicted the Heckscher-Ohlin theory as the United States was relatively capital-abundant.

Explanation:

When Wassily Leontief tested the predictions of the Heckscher-Ohlin theory, he found that in 1947 the United States was exporting relatively labor-intensive goods and importing relatively capital-intensive goods. This finding: "Contradicted the Heckscher-Ohlin theory as the United States was relatively capital-abundant."

This is because Heckscher-Ohlin theory states that countries usually export commodities, and resources they have in excess, while in return, they import the commodities and resources they need.

However, given that the United States is a country that was relatively capital-abundant, Wassily Leontief's finding is considered to be a contradiction.

Data concerning Farm Corporation's single product appear below: Selling price per unit $ 170.00 Variable expense per unit $ 66.30 Fixed expense per month $ 127,490 The break-even in monthly dollar sales is closest to:

Answers

Answer:

1229.4

Explanation:

Breakeven quantity are the number of  units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit

$ 127,490 / ( $ 170 -  $ 66.30) = 1229.4

Other Questions
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