Communism promotes the idea that equality in society comes from having political and economic fairness among citizens

You decide to incorporate your bracelet business and get your mother and brother involved in the corporation. Your executive com

Alex_Xolod [135]

False. Not every member of the board of directors is liable personally for the lawsuit. The business owner is the one who is held responsible and liable personally for the lawsuit. Though, the lawsuit typically hurts everyone involved depending on the depth of it because it could lead to company shut down which could cause many people to lose their lives.

5 0

3 years ago

A company has a unit contribution margin of $80 and a contribution margin ratio of 50%. what is the unit selling price?

lora16 [44]

If a company has a unit contribution margin of $80 and a contribution margin ratio of 50%. Then its unit selling price is $160 therefore option (d) is the correct answer.

Contribution margin, or dollar contribution in keeping with the unit, is the selling fee in step with the unit minus the variable price in line with the unit. "Contribution" represents the portion of sales that isn't eaten up by variable prices and so contributes to the coverage of fixed fees. The contribution margin is computed because of the promoting charge per unit, minus the variable value according to the unit. Additionally known as greenback contribution per unit, the measure indicates how a specific product contributes to the general income of the business enterprise.

To calculate the unit selling price use the formula

Unit selling price = contribution margin / contribution margin ratio

Unit selling price = $80 / 50%

Unit selling price = $160

Therefore option d) $160 is the correct answer

The contribution margin ratio of a business is the same as its revenue much less all variable fees, divided by means of its sales. It represents the marginal gain of producing one more unit.

Learn more about the Contribution margin here brainly.com/question/24881206

#SPJ4

3 0

1 year ago

Crane Corp., a company whose stock is publicly traded, provides a noncontributory defined-benefit pension plan for its employees

stiv31 [10]

Answer:

$118,000

Explanation:

Calculation to determine what Crane should report a pension asset / liability

Fair value of plan assets $740,000

Less Projected benefit obligation ($ 622,000)

Pension asset / liability $118,000

($740,000-$622,000)

Therefore Crane should report a pension asset / liability of $118,000

7 0

2 years ago

Cash flows: Hillman Corporation reported current assets of $3,495,055 on December 31, 2017 and current assets of $3,103,839 on D

Nuetrik [128]

Answer:

$284,115

Explanation:

Computation for the cash flow invested in net working capital at Hillman Corporation during 2017.

First step is to calculate the Net working capital for 2017

Net Working Capital 2017 = $3,495,055 - $2,867,225

Net Working Capital 2017 =$627,830

Second step is to calculate the Net Working Capital for 2016

Net Working Capital 2016 = $3,103,839 - $2,760,124

Net Working Capital 2016= $343,715

Now let calculate the cash flow invested in net working capital

2017 Cash flow invested in net working capital=$627,830-$343,715

2017 Cash flow invested in net working capital=$284,115

Therefore the cash flow invested in net working capital at Hillman Corporation during 2017 will be $284,115

4 0

2 years ago

Each business day, on average, a firm writes checks totaling $17000 to pay its suppliers. The usual clearing time for the checks

BaLLatris [955]

Answer:

The disbursement float is $ 68,000, collection float is -$44,000 and net float is $24,000.

Explanation:

DISBURSEMENT FLOAT -

Formula that can be used to calculate the disbursement float is =

Amount of average monthly check written X Average number of days it

takes to clear check

Where, amount of average monthly check = $17,000

and average number of days for it to be cleared = 4 days

Disbursement float = $17,000 x 4

= $68,000

COLLECTION FLOAT -

Formula that can be used to calculate the collection float is =

Amount of average monthly check received X Average number of days it

takes to clear check

Where, amount of average monthly check =-$22,000

and average number of days for it to be cleared = 2 days

Collection float = -$22,000 x 2

= -$44,000

NET FLOAT -

Formula that can be used to calculate the NET float is =

DISBURSEMENT FLOAT - COLLECTION FLOAT

= $68,000 - $44,000

= $24,000

7 0

3 years ago