Answer:
Even if Anna's grandparents provided the remaining $14,000 of support for Anna ($34,000 minus $12,000 minus $8,000) they would not be able to claim her as a dependent.
Explanation:
If the grandparents provided $14,000 their contribution to Anna's school fees is not up to half so they cannot claim Anna as an exemption. Anna had $12,000 personal money and $8,000 scholarship, it is crowned that she provided $20,000 by herself.
However since she is under the age of 21 and in college, her parents can claim her.
Answer:
Increase
Explanation:
Operating income is a company's profit after deducting operating expenses which are the cost of running operations daily.
When the product line 2 is dropped cost of running operations will reduce thereby increasing the operating income.
Answer:
$375
Explanation:
If Johnson will use the desired gross margin percentage to determine the selling price of its products, they must use the following formula:
selling price per unit = total manufacturing costs per unit / (1 - gross margin)
Total manufacturing costs = variable manufacturing costs + total fixed costs + batch level fixed overhead = $2,350,000 + $1,200,000 + $200,000 = $3,750,000
total manufacturing cost per unit = $3,750,000 / 20,000 units = $187.50
selling price per unit = $187.50 / (1 - 50%) = $187.50 / 50% = $375
Answer:
The production exhibit both scope economics and scale economics. They are not mutually exclusive.
Explanation:
Looking at the scenario critically, we will clearly see the tendency of a scope economics. Scope economics basically hinges on getting a competitive advantage, essentially because of producing in large quantities and numbers. Riverside Ranger logo T-shirts exhibits this as it produce its products in large numbers, producing 1000 pieces of a particular design in 1 hour.
In same breath, we also have the scale economics exhibited by the organization. Taking a deeper look at the cost representation, we will see that the average cost tend to reduce as the production increases. Thus, an economic of scale is achieved here by leveraging on the mass and swift production style of Riverside Rangers logo T-shirts.
