Answer:
$0
Explanation:
The net income is the difference between the sales and total cost which comprises of the variable cost and fixed cost. The sales and variable cost are dependent on the number of units sold.
Let
u = number of units
s = selling price per unit
v = variable cost per unit
F = Fixed cost
I = Net income
I = su - F - vu
but vu = 0.3su
Hence
I = su - 0.3su - F = 0.7su - F
Given that the proposal will increase sales by $12,000,
New sales = su + 12000 ( in $)
and total fixed costs by $8,400
New fixed cost = F + 8400
New variable cost = 0.3( su + 12000) = 0.3su + 3600
New net income = su + 12000 - 0.3su - 3600 - F - 8400
= 0.7su - F
New net income is same as the old net income hence no increase.
Answer:D.both parties to the contract agree on the contract terms
A.bargained-for exchange of value to the parties
C.parties' negotiated understanding of terms and intent that lead to the contract
B. the subject matter of the contract does not violate law or public policy
Explanation:D A C B 1.consideration
D A C B 2.mutal Acceptance
D A C B 3. Legality
D A C B 4. Agreement
Explanation:
The adjusting entry is as follows
Accrued interest expense Dr $124
To Interest payable $124
(Being the accrued interest expense is recorded)
The computation is shown below:
= Borrowed amount × interest rate × given months ÷ total number of months in a year
= $6,200 × 12% × 2 months ÷ 12 months
= $124
Answer:
Option A is correct
Explanation:
In the question above, we have:
- 15 vehicles sold for $225,000, therefore, the average price was $225,000/15 = $15,000
A. The median price for the 15 vehicles was $13,000.
If the median price was $13,000, this means that half the cars were at that price or below. For every car that was below $13,000, there has to be a car above $17,000 to balance it out, to make the average stay at $15,000. If half the cars are below $13,000 and the highest cars are not above $16,500, then it would not be possible to have an average of $15,000. This statement implies that at least one car is above $17,000, and therefore has to be above $16,500. This answers to the question. This statement is sufficient.
it is false that the United State Constitution is a statement of general principle of the civil law, rather, it is is a statement of general principle of the constitutional law.
Civil law refers to the body of law that entails the rules on settling disputes between individuals, corporations etc.
Constitutional law refers to the body of law which are gotten from common law and Constitution and helps in defining powers of the government as well as guiding the duties or rights of citizens.
Therefore, it is false that the United State Constitution is a statement of general principle of the civil law, rather, it is is a statement of general principle of the constitutional law.
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