Answer: B
Explanation: A cartel is a group of apparently independent producers whose goal is to increase their collective profits by means of price fixing, limiting supply, or other restrictive practices. Cartels typically control selling prices, but some are organized to force down the prices of purchased inputs. Antitrust laws attempt to deter or forbid cartels. A single entity that holds a monopoly by this definition cannot be a cartel, though it may be guilty of abusing said monopoly in other ways. Cartels usually arise in oligopolies industries with a small number of sellers and usually involve homogeneous products.
Invest more money into a account in mexico.... if they make 7% more percent than they would in the united states ... thats a great enough difference to have me doing the same ...
Answer:
a. Computation of net income
Particulars Amount
Service revenue $52,500
Less: Expenses
Salaries and wages expenses ($23,520)
Utilities expense ($2,600)
Rent expense ($8,740)
Advertising expense <u> ($1,510)</u>
Net Income <u>$16,130</u>
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b. Computation of comprehensive income statement
Particulars Amount
Net Income $16,130
Add: Other Comprehensive Income <u> $380 </u>
Comprehensive Income <u>$16,470</u>
Note: Dividend will not be included as it forms part of Income statement
Answer:
Option C : Contribution Margin Ratio is 60%
Explanation:
Contribution Margin Ratio = (Contribution per Unit ÷ Selling Price per Unit)× 100
where: Contribution per unit = Selling price per unit minus Variable Costs per unit
<u>Per Unit</u>
Selling Price $10.00
Less Variable Costs:
Direct Materials $(1.50)
Direct Labor $(1.20)
Variable Overhead $(0.90)
Variable Marketing $0.40
Contribution $6.00
Contribution Margin Ratio $6.00 ÷$10.00 × 100 = 60%