The answer is variety within unity. It is because this is
the principle being described above in which has became a premise of the
humorous photograph of Elliot Erwitt towards Felix, Gladys and Rover. It is a
principle that changes the character of a certain element.
Answer:
4,513 approx.
Explanation:
The computation of the minimum number of jars of silver polish is shown below:-
Sales revenue for one jar of silver polish $5.60
Sales revenue for 1/4 pound of Grit 337 0.85
($3.40 × 1 ÷ 4)
Incremental revenue from
further processing $4.75
($5.60 - 0.85)
Incremental costs of further processing:
Processing costs $2.40
Selling costs $0.40 $2.80
Incremental contribution
margin from further
processing into silver polish
per jar $1.95
($4.75 - $2.80)
Point of indifference denotes the point where all options are equally profitable. But after that we will see that more processing is profitable. This is due to the fixed costs involved in further production.
Thus Minimum number of jars needed to produce to justify the further processing = Avoidable Fixed cost ÷ Incremental contribution
= $8,800 ÷ $1.95
= 4,513 approx.
Answer:
Portfolio return = 7.3%
Explanation:
<em>The portfolio expected rate of return would be the weighted average expected rate of return</em>
Weighted average expected rate of return=
12%× (1000/(3500+1000) + (3,500/(1000+3500)× 6%= 0.073333333
Expected rate of return = 0.073333333
× 100 = 7.3%
Portfolio return = 7.3%
Answer:
Owners have limited liability.
Explanation:
A corporation is an entity , established by shareholders or individuals with the aim of making profit. It is a legal entity hence can enter into a contract, can also sue and be sued.
The legal process involved in the establishment of corporation is called incorporation. It contains the main reason why the corporation is in business, name and office address, types and number of shares to be issued.
Because the business is incorporated and also a legal entity, it means that the owners are protected personally should their be any litigation against the corporation. Moreover, the liability of the owners are limited to the investment in the corporation.
Answer: Wages account debit
Wages payable account credit
Explanation:
Sdjusting entries are simply referred to as the journal entries that are made when the accounting period ends such that there is allocation of the income and the expenditure incurred by the economic agent to the period in which the income and the expenditure occurred.
In this case, the adjusting journal entry passed by the accountant will be to debit the wages account by $1500 and then credit the wages payable account by $1500.
