Income taxes
a. will increase the break-even point.
b. will decrease the break-even point.
c. have no impact on the break-even point.
d. may increase or decrease the break-even point depending upon the income tax rate.
c
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In relation to communication in organizations, why should management take on the task of deconstruction and translation?
What will be an ideal response?
When granting a customer's claim, a business communicator should include an opening in an adjustment message that A) summarizes the reader's claim and request
B) presents the good news immediately. C) explains and clarifies the company's position. D) builds goodwill.
Assume the perpetual inventory system is used. 1) Green Company purchased merchandise inventory that cost $16,200 under terms of 2/10, n/30 and FOB shipping point. 2) Green Company paid freight cost of $620 to have the merchandise delivered. 3) Payment was made to the supplier on the inventory within 10 days. 4) All of the merchandise was sold to customers for $23,900 cash and delivered under terms FOB destination with freight cost amounting to $420. What is the amount of gross margin that results from these transactions?
A. $7604 B. $8024 C. $7404 D. $6984
[The following information applies to the questions displayed below.] The financial statements of Calloway Company prepared at the end of the current year contained the following elements and corresponding amounts: Assets = $50,000; Liabilities = ?; Common Stock = $15,000; Revenue = $22,000; Dividends = $1,500; Beginning Retained Earnings = $3,500; Ending Retained Earnings = $7,500.Based on this information, what was the amount of expenses reported on Calloway's income statement for the current year?
A. $13,000 B. $18,500 C. $16,500 D. $10,000