12. What is the break-even point? 13. What steps are required in constructing a break-even chart? 15. What impact does income tax have on the break-even point?

Q: What are some examples of such exclusions in gross income?

A: Gross Income: For individual: Gross income includes the income of an individual in the form of…

Q: Discuss the nature of income and revenue. When can revenue be recognised?

A: Nature of income and revenue and recognition of revenue is discussed hereunder : Income is the…

Q: Should unrealized gains and losses be shown as net income or comprehensive income? Defend your…

A: Unrealized gains and losses refer to changes in the value of assets or liabilities that have not…

Q: What is the cost of capital rate in the question?

A: Cost of capital is the WACC of the project. WACC is equal to weighted average cost of capital. WACC…

Q: Who benefits the least from accounting regulation? Why?

A: The entity engages in day-to-day operations to provide goods and services to the customers and as a…

Q: Give reasons why migration and income inequality is positively related.

A: Migration means the movement and settlement of people, usually in large numbers, from one area to…

Q: r to pay un

A: Horizontal analysis :  Financial analysts use horizontal analysis, also known as trend analysis or…

Q: What is Income?   What is Total Income?   What is Net Income?   What is taxable income?

A: Income, in financial terms, refers to the money that an individual or business receives in exchange…

Q: Is illegal activity included in GDP?

A: Gross Domestic Product is the value of finished goods and services produced in an economy during the…

Q: Taxable income is ????????????????? why not gross income less deductions????

A: Taxable Income is income on which tax is payable by the taxpayer. It can be calculated as follow…

Q: What instances of gross income exclusions exist

A: Wages, salaries, pensions, alimony, interest, dividends, and rental income all count toward a…

Q: Explain the middle-income trap issue and elaborate the possible solutions to address the…

A: Traps:  There are various traps in finance and the economy, where individuals and countries can get…

Q: A higher level of national income is bad from a current account point of view Select one : True Or…

A: A higher level of national income is bad from a current account point of view

Q: You want to argue against the taxation of interest income. a) Which simple interpretation of the…

A: Atkinson–Stiglitz-: The Atkinson–Stiglitz theorem is simply a theorem of public economics which says…

Q: EBITD is equivalent to profits after taxes. true or false?

A: EBITDA is the earnings before interest tax depreciation and amortization.

Q: How did you come up the number for Income before income tax, why did you subtract the quipment cost.

A: Income before tax=Tax expenseTax rate-Depreciation expense

Q: Which you prefer, equity or fixed income?

A: Differences between equity and fixed income: Equity: Corporates issues most of the equity There is…

Q: What is Fair Value Accounting? 2. What are the factors contributing toward the trend of fair value…

A: What is Fair Value Accounting? Fair value accounting is a financial reporting method where assets…

Q: What is Output tax

A: In order to generate revenue, the government frequently employs and imposes indirect taxes. They are…

Q: Are there unofficial measurements of income earning

A: In the accounting world, non-GAAP (Generally Accepted Accounting Principles) measurements are called…

Q: What is the difference between active income, passive income and portfolio income? Provides examples…

A: Active Income Income earned while providing a service is referred to as active income. Examples of…

Q: What is the real return?   Multiple Choice   The after-tax return on assets.   The pre-tax return…

A: Rate of return is the percentage of profit that is earned on an investment.

Q: Why can we not invest net income? Explain with an example?

A: The net income is the net profit of the company earned during the period. The net income includes…

Q: What are taxes?

A:

Q: Describe differences between gross profit, EBIT, and net profit. Also, what is the possibility of…

A: Gross profit, EBIT and Net profit are all important financial line items that can be found in a…

Q: Why does Non-GAAP earnings are controversial?

A: Definition: Generally Accepted Accounting Principles (GAAP): These are the guidelines necessary to…

Q: Describe how taxes and tax adjustment coefficients influence investment rankings?

A: Taxes and tax adjustment coefficients can have a significant impact on investment rankings. Tax…

Q: Could I get the entire answer please? Earnings before taxes, net income and taxes?

A: Information Provided: Sales = $14,800,000 Interest expense = $307,000 COGS (Cost of Goods Sold) =…

Q: EBIT is equivalent to profits after taxes. true or false?

A: EBIT is the earnings before interest and tax.

Q: what is an example of value added taxes

A: Value-added tax (VAT) refers to the consumption tax which is imposed on a commodity once the value…

Q: What is the definition of gross income? “Gross income includes all income unless….”

A: As the name itself suggests that all kinds of incomes are included while computing gross income.

Q: What impact does an increase in expenses have on net income

A: In accounting we say that: Net income = Total revenue - total expenses

Q: What is the difference of recurring income and non recurring income? (short answer)

A: Recurring income can be defined as that income whose continuity can be measured with a reasonable…

Q: What's the difference between total net income and net take-home pay?

A: The company's transactions will be tracked, and the first book to record these transactions is the…