Zot Corporation has provided the following contribution format income statement Revenue (500 units) $150,000 Variable Costs $110.000 Contribution Margin $40,000 Fixed Costs $32,000 Operating Proft $8,000 If fixed costs increased by $12,000, how many more units must Zot Corporation sell in order to maintain the same level of operating profit (choose the closest answer)? O 170 units O 50 units O 250 units O 73 units O 80 units 90 units O 100 units D 150 units

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Capital Gain

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that basis, the rate of taxation is decided if it is 20%, 15% or according to the tax brackets. The rate of taxation differs in the case of equity or debt, whether long or short term. The capital gain can be adjusted from capital loss to arrive at a net capital gain. The amount of gains and the exemption has to be reported in the tax return filed in the financial year in which the asset was transferred. The tax return can be filed quarterly, monthly, semi-annually or annually.