Answer:
The $ 4 per machine hour is the contribution margin per machine hour for the Lowell Lamp.
Explanation:
Since in the question two lamps : Bed-ford lamp and Lowell lamp information is given .
Based on the information mentioned in the question, First we have to calculate the contribution margin per unit. Than we are able to calculate contribution margin per hour.
The computation for Lowell Lamp is given below
The contribution margin per unit = Sales per unit - variable cost per unit
= $38 - $22
= $16 per unit
Since, contribution margin per unit is $16 per unit. So, now we calculate contribution margin per machine hour which is equals to
Contribution margin ÷ machine hours for Lowell lamp
$16 per unit ÷ 4
= $ 4 per machine hour
Thus, the $ 4 per machine hour is the contribution margin per machine hour for the Lowell Lamp.
If these were the given choices and I had to choose 2 answers.
<span>A. Use an assignment rule to notify product managers when opportunities are updated.
B. Create a Chatter group to share product information with the sales team, product managers, and customers.
C. @mention product managers in Chatter posts on relevant sales deals.
D. Add the opportunity team, product managers, and customers to libraries containing files relevant to sales deals.
My answers are:
</span>B. Create a Chatter group to share product information with the sales team, product managers, and customers.
C. @mention product managers in Chatter posts on relevant sales deals.<span>
</span>
Chatter group is real time. It is faster and more convenient to discuss product details that are needed to boost sales. Rather than looking for a product manager, one can simply post questions and clarifications on the chatter group and everybody can see the answers. It reduces redundancies.
Answer:
Bad Debt expense = Allowance for uncollectible debit + (Estimated uncollectibles)
= 1,900 + (15% * 116,000)
= $19,300
1.
Dec. 31 DR Bad debt expenses $19,300
CR Allowance for Uncollectable $19,300
2. Balance Sheet;
= 116,000 * 15%
= $17,400
Income Statement;
= $19,300
3. Net realizable value
= Accounts receivable - Estimated uncollectibles
= 116,000 - 17,400
= $98,600
Answer:
There are 3 main types of tort; intentional tort, negligence tort and strict liability
Explanation:
By definition, a tort is a civil offense against another person. The victim who suffers in that offense can sue for damages, get represented by a lawyer and receive a compensation. There are 3 main types of tort; intentional tort, negligence tort and strict liability. Tort laws are followed when making a decision whether to hold a person legally responsible for the breach against another, and the type of compensation the injured party receives.An intentional tort for example is a civil offense committed when a person engages in intentional conduct that results in damages to another.
Answer: $6.2
Explanation: Contribution margin is the amount of revenue left after paying for the variable cost, it can be formulated as follows :-
contribution = sales - variable cost
In case of Limeade:-
sale price = $22.10
Variable cost = $15.90
so, putting the values into equation we get :-
contribution per foot = $22.10 - $15.9 = $6.2
