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Is it true that the larger the contribution margin ratio the smaller the amount of sales required to cover a given amount of fixed expenses?
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How do you calculate percentage for expenses on an income statement?
Its the amount of expenses divided on the amount of incomes *100 , so we can get the percentage of expenses from incomes .
What is included in sundry expenses?
Sundry expenses are the expenses of small amount and it is not possible to maintain there detail
Are there limits on deposits for a tax deferred account?
Yes. If you are under 50 at the end of 2011, the maximum contribution that can be made to a traditional or Roth IRA is the smaller of $5,000 or the amount of your taxable compensation for 2011. If you are 50 years of age or older before the end of 2011, the maximum contribution that can be made to a traditional or Roth IRA is the smaller of $6,000 or the amount of your taxable compensation for 2011. [Source: Internal Revenue Service]
Are executor expenses tax deductible?
they are not a deductable amount. You can claim expenses as an executor against the estate funds. However, if you do claim executor expenses against the amount of the estate they are taxed as income for the person claiming them.
What describes expenses?
the amount of money you have spent
What is the amount available to be contributed to fixed costs after deducting variable expenses from sales called?
contribution
How do you calculate percentage for expenses on an income statement?
Its the amount of expenses divided on the amount of incomes *100 , so we can get the percentage of expenses from incomes .
How much sales are required to earn a target net income of 128000 if total fixed costs are 160000 and the contribution margin ratio is 40 percent?
Sales amount required is as follows: Required sales = (fixed cost + net income)/ contribution margin ratio required sales = 288000/.4 Required sales = 720,000 Prove: Sales = 720,000 Variable cost = 60% of sales = 432,000 Contribution margin = 288,000 Less: fixed cost = 160,000 Net income = 128,000
What is included in sundry expenses?
Sundry expenses are the expenses of small amount and it is not possible to maintain there detail
Are there limits on deposits for a tax deferred account?
Yes. If you are under 50 at the end of 2011, the maximum contribution that can be made to a traditional or Roth IRA is the smaller of $5,000 or the amount of your taxable compensation for 2011. If you are 50 years of age or older before the end of 2011, the maximum contribution that can be made to a traditional or Roth IRA is the smaller of $6,000 or the amount of your taxable compensation for 2011. [Source: Internal Revenue Service]
Gross vs net?
This is often used for income. "Gross income" is the total amount of money received, before including expenses in the calculation. Once you subtract expenses, you get "net income" - your actual gain.
Definition of net income?
The amount by which revenue exceeds expenses. If expenses exceed revenue it is a net loss.
Are you required to pay for the car after the car has been reposessed?
You will be required to pay for the remaining loan amount after the vehicle is sold at auction and the expenses are recovered from the auction. In other words, you will probably have to file bankrupcy if you owe very much.
What is the difference between smaller specific heat and bigger specific heat?
A smaller specific heat capacity of a body means that a smaller amount of energy is required to raise the temperature of the body by 1 K compared to the other.
Are executor expenses tax deductible?
they are not a deductable amount. You can claim expenses as an executor against the estate funds. However, if you do claim executor expenses against the amount of the estate they are taxed as income for the person claiming them.
What of these describes expenses?
the amount of money you have spent
What describes expenses?
the amount of money you have spent
