Answer:
Novation
Explanation:
A novation is an agreement that is made between the two parties. In this, the one-party could take place or we can say the substituting of a new party could be done but the parties could ready for the novation
Here in the given scenario, since the Eric takes the place of Craig and its rights and duties are now with Eric
So this situation represents the novation agreement
Answer:
The correct option is C,net sales equal $343,630 and gross profit is $127,140
Explanation:
The net sales is the sales revenue minus sales returns and allowances as well as sales discount,hence net sales is computed thus:
Sales revenue $367,810
Sales returns and allowances ($10,000)
Sales discounts ($14,180)
Net sales $343,630
The gross profit is net sales of $343,630 less costs of goods sold of $216,490
Net sales $343.630
Cost of goods sold ($216,490)
Gross profit $127,140
Hence option C is the correct answer
The actions of the consumers in buying more gasoline when prices drop is the<u> income effect. </u>
<h3>What is the income effect?</h3>
- It is one of the determinants of demand.
- When market prices drop or income rises, consumers have more money to buy more goods.
The price of gasoline dropped and this increased the relative income of consumers because they were able to buy more gasoline.
This is therefore the income effect.
Find out more on the income effect at brainly.com/question/1416285.
To a macroeconomist savings occurs when a person's income exceeds his consumption while investment occurs when a person or firm purchases new capital such as a house or business equipment.
Answer:
Break-even point (dollars)= $772,500
Explanation:
Giving the following information:
The contribution margin ratio of Donath Corporation's only product is 64%. The company's monthly fixed expense is $454,200 and the company's monthly target profit is $40,200.
To calculate the sales in dollars to obtain the desired profit, we need to use the following formula:
Break-even point (dollars)= (fixed costs + desired profit)/ contribution margin ratio
Break-even point (dollars)= (454,200 + 40,200) / 0.64
Break-even point (dollars)= $772,500
