Answer:
5.7
Explanation:
The contribution margin characterizes the marginal profit per unit of sales. The indicator is useful in various calculations, and can be used as a measure of operational leverage. As a rule, low values of the indicator are characteristic in labor-intensive sectors, high - in capital-intensive industry.
We have these data:
-contribution margin (CM) : $78,090
-net income (NI) :$13,700
-the degree of operating leverage (DoL) : ?
DoL=CM/NI= 78090/13700=5.7
Answer:
c. is an institution that brings together buyers and sellers.
Explanation:
A market: is an institution that brings together buyers and sellers.
In mainstream economics, the concept of a market is any <u>structure that allows buyers and sellers to exchange any type of goods, services and information. </u>The exchange of goods or services, with or without money, is a transaction.
Furthermore it can be said to be any place where sellers of particular goods or services can meet with buyers of those goods and services by creating the potential for a transaction to take place.
Yes , Judy and Kristy have an enforceable binding contract
Explanation:
Kristy Johnston, Judy Olsen, and Joyce Johnston, their mother, owned real estate as common buyers. After Joyce died, she left Kristy her one-third share in the house. Kristy sent Judy a letter in 2009 promising Judy to purchase or sell Judy's share in the property.
Judy accepted the sale bid from Kristy. Kristy then tried to refuse Judy's approval and to cancel her bid for sale. Judy lodged a Kristy lawsuit.
The court granted the summary judgment to Judy finding that a contract had been drawn up between the letters exchanged between Judy and Kristy which satisfied the frauds ' status. The Supreme Court ruled that the district court decided out that an enforceable arrangement was established by exchanging letters from the parties.
Answer:
a) 1.025%
b) 1.025%
c) 1.0242%
d) 1.0242%
Explanation:
Kindly check the picture attached to see the explaination and Formula used.
Answer:
b. Barb is correct. The agreement must be in writing to be enforceable.
Explanation:
For a contract between two parties to be enforceable, it will need to be verifiable. A phone conversation that involves verbal agreement can be denied by either party. So it is most preferable when contracts are on written form.
In this instance Andy had the following conversation and there was conflict in the agreement between the parties.
Andy: "This is to confirm our telephone conversation of earlier today. 200 lbs. of T-bone at $2.89 per pound." Barb: "Yes, but that's 100 pounds at $2.99." Andy: "Too late, we already reached agreement by phone." Barb: "Too bad, it wasn't in writing."
Of the agreement had been in writing then it would have been enforceable on Barb.
