Answer:
1a.
Magic Realm, Inc.,
Contribution format income statement
Per Unit Amount
Sales 62 2,207,200
Variable expenses 42 (1,495,200)
Contribution margin 20 712,000
Fixed expenses (623,000)
Net operating profit 89,000
1b.
Degree of operating leverage: 4
2. The expected percentage increase in net operating income for next year: 184%
Explanation:
1a. Please refer to the answer part
1b. Degree of operating leverage = Contribution margin / net operating profit = 712,000/89,000 = 8.
2.
Expected percentage increase in net operating income for next year = Expected percentage increase in sales next year x operating leverage = 23% x 8 = 184%
What would likely raise Olivia's reservation wage is if Olivia learns that the job is more challenging than she initially thought
Reservation price is the least amount of wage that a worker would be willing to accept for services rendered.
<em><u>Factors that lead to changes in reservation wages</u></em>
- Finances: a worker that is in debt or in desperate need of money would have a lower reservation wage when compared with a person that is debt-free. For example, the reservation wage of a billionaire would be higher than the reservation wage of an homeless individual.
- Nature of the job: the more challenging a job is, the higher the reservation wage that would be demanded by a worker.
- Length of unemployment: the longer a person has been unemployed for, the lower the reservation wage.
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A loan is an overdraft which is taken by a person from a financial institution usually to settle financial emergencies.
<h3>What is a Jargon?</h3>
This refers to the technical terms which are specific and peculiar to an area of expertise.
With this in mind, if Sylvester is taking a loan and is confused by the jargon, then he has to ask the person to give proper explanations so that he would have a better understanding.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
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The answer is the registrant or applicant no longer exists, has ceased doing business, or cannot be located.
If a broker dealer, investment adviser, or agent no longer exists, has ceased conducting business, or cannot be traced, the administrator may cancel their registration. If a person is declared incompetent, their registration may be revoked.
What is the role of administrator?
- Administrators assist in the efficient operation of offices by performing clerical jobs and projects.
- You may be organizing project meetings as a construction administrator.
- You'd be typing paperwork, answering business inquiries, drafting contracts, and providing customer support.
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Answer:
a. $3,400
b. $0
Explanation:
As we know
Total assets = Total liabilities + owners equity
a. In the first case
The shareholder equity would be
= Total assets - total liabilities
= $10,800 - $7,400
= $3,400
b. In the first case, the shareholder equity would be zero as it should not be negative. The negative value would be
= Total assets - total liabilities
= $6,500 - $7,400
= -$900
So it would be zero