Answer:
<u>Contribution Margin Statement</u>
Sales revenue ($100 x 980) $98,000
Less Variable costs:
cost of goods sold ($58 x 980) $56,840
Commissions expense ($5 x 980) $4,900
Shipping expense ($3 x 980) <u>$2,940</u>
<u>$64,680</u>
Gross margin $33,320
Less Fixed costs:
Salaries expense $7,900
Advertising expense <u>$5,800</u>
<u>$13,700</u>
Net Profit <u>$19,620</u>
Answer:
The correct answers are letters "B", "C", and "D": Give sincere and specific praise; Act professionally in social situations; Use correct names and titles.
Explanation:
Keeping a safe environment at the workplace implies following a set of good practices that benefit employees individually and to the overall organization. Greeting each other respectfully at the beginning of the day and farewelling coworkers on the way out of work are basic, simple customs that promote a familiar atmosphere.
Besides, <em>giving praise</em> after achieving certain goals; <em>acting professionally in the company's casual events</em>; or, <em>referring to each other with titles accordingly</em> also contribute to promoting a peaceful environment at work.
Answer:
B. the highest valued alternative that must be given up to engage in an activity.
Explanation:
Opportunity Cost is the cost of next best alternative foregone while choosing an alternative.
Eg1: If I like Chapati more than rice & rice more than curd, the opportunity cost of consuming chapati is the next best option i.e rice.
Eg2 : Working as school teacher with salary 20000, next best option salary as coaching tutor i.e 10000 is the Opportunity Cost
A is inapt : Opportunity cost can be monetary or non monetary. Eg2 has monetary opportunity cost. But, Eg 1 has opportunity cost in terms of rice' (sacrifised) satisfaction.
C is inapt : Opportunity cost is only the cost of next best alternative & not all alternatives. Eg1 - Curd i.e 3rd best option after chapati, is not the opportunity cost after chapati.
Answer:
the amount that added to estimated liability is $1,330
Explanation:
The computation of the amount that added to estimated liability is as follows
= 800 units sold × 3% defective - five defective units
= 24 units - 5 units
= 19 units
Now the amount that should be added is
= 19 units × $70 per unit
= $1,330
Hence, the amount that added to estimated liability is $1,330
The same is to be considered
