Answer:
Answer: The net operating income used in contribution approach the first quarter is 171600
Explanation:
Description Amount Amount
Sales 960000
Variable expenses:
Cost of good sold 670000
Variable selling 80000
(5 per book*16000 books)
Variable administrative 38400
(960000*4%)
Total variables expenses 788400
contribution margin 171600
working note:
unit sales=960000/60 per book=16000 book
Answer: Providing proof that she completed all of the continuing education requirements for the year she last held a license.
Explanation:
Based on the information given, since the license of Agatha has expired, one of the requirements that she must meet in order to be re-licensed is to provide proof that she completed all of the continuing education requirements for the year she last held a license.
It should be noted that providing proof that she still meets the qualifications to be a mortgage loan originator or information that relates to her previous license isn't required.
Answer:
Sonic sells the rights to use the business name and sell its products and services to others in a given territory. This arrangement is called a franchise agreement.
Explanation:
The franchise agreement can simply be described as a legal agreement for binding of two or more companies. The agreement carries all the terms and conditions under which the two companies will work together. In such a kind of agreement, the owner of a business gives the rights of using the company name to another person or another company. The other company also gets the rights to sell products under the name of that company. In return, they agree to pay a commission or a part of their revenue as franchise fees.
Answer:
In a Chapter 11 bankruptcy, a class of creditors is considered to have accepted the bankruptcy plan when:
one-half of the class in number and two-thirds of the class in dollar amount agree.
Explanation:
In a Chapter 7 bankruptcy, the business assets are liquidated to pay the creditors. In a Chapter 11 bankruptcy, the business assets are not liquidated. Instead, the business is refinanced as the assets and debts are reorganized, making it possible for the continued existence of the business. This is the reason the agreement of the creditors are usually paramount in the decision to undergo a Chapter 11 bankruptcy, unlike a Chapter 7 bankruptcy.
