Answer:
$7,200
Explanation:
Expense can be defined as the cost incurred by an organisation as it tries to generate revenue in its daily activities.
It is the cost of doing business, and is the sum total of cost incurred for all activities geared at making profit.
So in this instance Clark was visiting work sites for the company, he leased a car for $4,500 and spent $2,700 on fuel. The sum total is $7,200 and this is the amount he will deduct as business expense.
Master-plan communities are common development types that usually include a range of housing types along with recreational amenities, supporting retail, and other commercial activities.
<h3>
What are master-plan communities?</h3>
- A planned community, planned city, planned town, or planned settlement is any community that has been meticulously planned from the start and is often built on previously undeveloped territory. In contrast, settlements emerge in a more haphazard and organic manner.
- The word "new town" refers to planned communities associated with the new towns movement, primarily in the United Kingdom.
- Master-plan communities are popular types of development that often feature a variety of dwelling types as well as recreational amenities, supporting shops, and other commercial operations.
As the definition itself says, Master-plan communities are popular types of development that often feature a variety of dwelling types as well as recreational amenities, supporting shops, and other commercial operations.
Therefore, master-plan communities are common development types that usually include a range of housing types along with recreational amenities, supporting retail, and other commercial activities.
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A manufacturer would need to find the production quantity where the marginal rate of return equals marginal costs (this is called the equilibrium point). This would be the point where profits are maximized.
Answer:
Effect on income= $4,875 increase
Explanation:
Giving the following formula:
Production costs:
Direct materials$2.55
Direct labor 7.85
Variable manufacturing overhead 6.95
Total= $17.35
Special offer:
Selling price= $26.9
Number of units= 4,300
Increase in variable cost= $3.3
Increase in fixed costs= $22,000
<u>Because it is a special offer and there is unused capacity, we will take into account only the incremental fixed costs.</u>
<u></u>
<u>To calculate the effect on income, we need to use the following formula:</u>
Effect on income= incremental contribution margin - incremental fixed costs
Effect on income= 4,300*(26.9 - 17.35 - 3.3) - 22,000
Effect on income= $4,875 increase