Answer:
The correct answer is A.
Explanation:
Giving the following information:
The West business segment had sales revenues of $1,090,000, variable expenses of $552,000.
The contribution margin is calculated deducting form sales the total variable expenses:
Contribution margin= 1,090,000 - 552,000= $538,000
Answer:
67%
Explanation:
Money supply = Money multiplier * Deposit worth
3 = Money multiplier * 2
Money multiplier = 3/2
Money multiplier = 1.5
Now, Money multiplier = 1 / Reserve ratio
1.5 = 1 / Reserve ratio
Reserve ratio = 1/1.5
Reserve ratio = 0.6667
Reserve ratio = 67%
So, the percent of deposits the banks hold as reserves is 67%
The statement which states that a management contract is an arrangement in which one firm contracts with another to <em>produce products</em> to its specifications is false
According to the given question, we are asked to show whether a management contract is one where there is an arrangement between two firms to <em>produce its goods </em>to its specifications.
As a result of this, we can see that a management contract is one where one firm gives its management skills <em>in part or in full</em> to another firm.
With this in mind, we can see that contract manufacturing is one where there is an arrangement in which one firm contracts with another to <em>produce products</em> to its specifications but is in charge of the marketing.
Therefore, the correct answer is false.
Read more here:
brainly.com/question/17440307
Answer:
Accrual basis accounting
Explanation:
Under Accrual basis of accounting, income is recognized when it is earned and not when actual cash is paid or received.
Under cash basis of accounting, income is only recognized when actual cash is received.
Accrual basis of accounting ensures transactions pertaining to a period are recorded in that period and it depicts more accurate financial picture unlike in cash accounting wherein income for a period might be overstated or understated.
Following cash basis of accounting is not in accord with both US GAAPs (generally accepted accounting principles) and IFRS.