Answer: $4.87
Explanation:
The question is asking for the Contribution margin which is the amount left of the selling price after the variable costs have been deducted.
Contribution margin = Selling price - variable costs
= Selling price - Raw materials - packing costs
= 17 - 11.23 - 0.90
= $4.87
Answer:
$270,000
Explanation:
The computation of the initial outlay of the project is shown below:
The initial outlay of this project = Purchase Price of the Asset + Installation Costs + Shipping cost + Investment in Working Capital
= $200,000 + $15,000 + $5,000 + $50,000
= $270,000
We simply added the purchased price, installation charges, shipping cost and the investment in working capital so that the initial outlay could come
Answer:
There should be strong internal controls implemented and segregation of duties in the finance department.
Explanation:
There is lack of internal controls present in the company which may lead to fraud or errors. The employees assigned to record the transaction are not recording all the cash receipts and are missing some of the cash receipts which can cause errors during reconciliation. The sub divisions of finance department must be segregated and there should be a supervisor who should be responsible to review all the work done by these departments.
Answer: Conditionally renewable
Explanation:
Conditionally renewable is the type of policy offered by companies to their clients to not renew upon reasons that are stated in the contract.
