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On May 9th, David paid $34,500 (including sales tax) to purchase a used Audi A8 that he uses 90% of the time for business. No trade-in was involved. David uses the actual operating cost method to compute his tax deduction. His expenses relating to the A8 are as follows:
Gasoline $2,800Auto insurance 1,250Interest on car loan 750Oil changes 425Traffic violations 350License and registration 150Parking 90Tolls 75
David drove the Audi 13,500 miles for business and 1,500 personal use miles.
Define cost behavior and Describe types of costs.
EARNINGS AFTER TAX-1500000 NUMBER OF EQUITY SHARE OUTSTANDING-300000 DIVIDEND PAID 600000 PRICE-EARNING RATIO-101 RATE OF RETURN ON INVESTMENT-20% WHAT IS OPTIMUM DIVIDEND PAY OUT
reasons for standard costing card
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