Answer:
The buyer would have a 12-day option to terminate the contract. Otherwise, he or she might not have any other option than to stick to the contract. (That is, the buyer will not have the unrestricted right to terminate the contract again.)
Explanation:
Answer:
Sandy Shores Corporation
J's Segment Contribution Margin is:
= $700,000.
Explanation:
a) Data and Calculations:
Sales revenue $1,300,000
Variable operating expenses 600,000
Contribution $700,000
Fixed expenses:
Traceable to J and controllable by J 275,000
Traceable to J and controllable by others 80,000
Total fixed expenses 355,000
Net operating income $345,000
b) The contribution margin is the difference between total sales revenue and the variable costs. The idea of segment contribution margin is that it covers the fixed expenses, whether controllable by the segment or not.
Answer:
$60,000
Explanation:
Hansen's annual salary allowance= 30,000
Hernandez's annual salary allowance= 10,000
annual interest allowance of Hensen= 0.1 × 50,000= 5000
annual interest allowance of Hernandez= 0.1 × 50,000= 5000
Remaining balance=100000- 5000-5000-30000-10000= 50000
Share of each partner from remaining balance= 25000
Hensen's income= 25,000+ 5000+ 30000= 60,000
Answer:
The Elston's stockholders' equity on December 31, 2014 is $550,000
Explanation:
For computing the stockholder equity, first, we have to find out the ending retained earning balance which equals to
= Beginning retained earning balance + Net income - dividend paid
= $375,000 + $75,000 - $50,000
= $400,000
where,
Net income = Service revenue - operating expenses
= $700,000 - $625,000
= $75,000
Now the stockholder equity equals to
= Common stock + ending balance of retained earning
= $150,000 + $400,000
= $550,000
<span>The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (GDP) and other macroeconomic variables. A business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. Economists note, however, that complete business cycles vary in length. The duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. Some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. But the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.</span>
