Selling price = $4.50
Copies sold = $1 million
Fixed costs = $1 million
Unit variable costs = $0.50 per magazine
Sales = $4,500,000
Fixed costs = $1 million
Variable costs = $500,000
Revenue = Sales - fixed costs - variable costs
Revenue = $4,500,000 - $1,000,000 - $500,000
Revenue = $3,000,000
Explanation:
The phrase taxation without representation describes a populace that is required to pay taxes to a government authority without having any say in that government's policies. The term has its origin in a slogan of the American colonials against their British rulers: "Taxation without representation is tyranny
Answer:
Product K1 S5 G9
$ $ $
Contribution per pound 16.08 7.93 11.91
Explanation:
<em>Contribution per pound is equate to contribution per unit divided quantity of material required per unit of product.</em>
Contribution per pound = Contribution per unit/quantity of material
Contribution per unit =selling price - variable cost per unit
Product K1 S5 G9
$ $ $
Selling price 158.38 114.80 204.52
Variable cost (<u>86.00) (91.00) (139.00) </u>
Contribution per unit 72.38 23.8 65.52
Material per unit (pounds) 4.5 3 5.5
Contribution per pound 16.08 7.93 11.91
Answer:
C) laissez-faire
Explanation:
Laissez-faire refers to a concept of letting people do as they want. If a leadership style follows the laissez-faire doctrine then the leader (supervisor, manager) will let his staff or employees set their own goals, rules and make their own decisions about what to do.
Transformational leadership style requires the leader (supervisor, manager) to work with his team to set goals, rules and strategies, and execute all necessary actions to achieve them.
Answer:
Journal entry.
Debit creditors account with $15,000 and credit company's sales account with $15,000
Being quarterly journal subscription paid in advance last year.
Explanation:
The advance subscription payments customers are taken as creditors of the company. The company owes them the service of mailing the quarterly journals to them. The total creditors payment ($45,000) will be recorded as credit entry in the books of the company's creditors account and as the company discharges the liability, the amount is passed to debit side of the creditor's account. We assume equal quarterly subscription amount, which will result in $15,000 for each quarter in a year.