Answer:
(1) $132,000
(2) $66,000
Explanation:
Selling price per unit:
= Sales ÷ No. of units
= $400,000 ÷ 5,000
= $80
Variable cost per unit:
= variable cost ÷ No. of units
= $247,000 ÷ 5,000
= $42
Alternative 1:
Contribution margin = Sales - variable cost
= (5,000 × $80 × 1.1) - (5,000 × $42)
= $440,000 - $210,000
= $230,000
Net income = Contribution margin - Fixed cost
= $230,000 - $98,000
= $132,000
Alternative 2:
Contribution margin:
= sales - variable cost
= $400,000 - ($400,000 × 59%)
= $400,000 - $236,000
= $164,000
Net income = Contribution margin - Fixed cost
= $164,000 - $98,000
= $66,000
Answer:
Fuel Connector's place of business
Explanation:
Based on the information provided within the question it can be said that in this scenario the place of delivery would be Fuel Connector's place of business. This is because, by not stating a specific place of delivery, then the default delivery is always made on the providers place of business where they keep the products.
The term income effect used in economics describes a situation where a higher price causes a reduction in the buying power of income, even though actual income has not changed.
<span>It denotes the change in demand of a good or service as a result of a change in a consumer's discretionary </span>income<span>. </span>
A book or record in which certain types of transaction are recorded before becoming part of the double-entry book-keeping system. The most common books of prime entry are the day book, the cash book, and the journal
Answer:
The likely outcoe could be,
Likely be:
- Glinda will win, because the statute of limitations starts to run on the date, she filed a suit, i.e. Feb.22, 2014.
- Glinda will win, because the statute of limitations starts to run from the time that the she discovered the breach, i.e. Jan. 17, 2014.
Likely not be:
- Glinda will lose, because the statute of limitations ran on Jan. 13, 2013, i.e. two years after the date the contract was entered on Jan. 14, 2011.
-Glinda will lose, because the statute of limitations requires a demonstration of attempt to cure.
