Answer:
Tablet only.
Explanation:
As Given Merlin have bought tablet for $500, he return it and buy GPS device for $200 and downloaded tunes for $100.
Most of commercial agreement is unwritten and many contract does not require to be in writing, however, uniform commercial code (UCC) have made certain exception for which written contract is required.
Under uniform commercial code (UCC), certain contract for sales of goods Article 2 must be in writing.
All the sales of goods worth $500 and more must have contract in writing and must be signed by the party against which enforcement is sought. It is valid even if the contract is not written in detail, it is enforceable.
Therefore, only purchase of Tablet must have contract in writing as it is worth $500.
Answer: The following is not an example of an unhealthy company culture: <u><em>A slowly evolving culture </em></u>
In the given question it can be stated that apart from option (d) , all other option are an example of an unhealthy company culture. This is so as, the slow evolving culture in an organization is still open to change and does adapt to the need of the surroundings as time evolves, whereas; other given option does not.
<u><em>Therefore , the correct option in this is (d)</em></u>
Answer:
Margin of safety ratio= 0.12
Explanation:
Giving the following information:
Sales= 1,250 units
Break-even point in sales= $13,200
Selling price= $12
<u>First, we need to determine the current sales in dollars:</u>
Sales in dollars= 1,250*12= $15,000
<u>Now, the margin of safety ratio:</u>
Margin of safety ratio= (current sales level - break-even point)/current sales level
Margin of safety ratio= (15,000 - 13,200) / 15,000
Margin of safety ratio= 0.12
Answer: Total product cost per unit if 12,500 units = $13.
Explanation:
Given that,
Direct labor = $2
Direct material = $3
Variable overhead = $4
Total variable cost = $9
Fixed overhead ($50,000/10,000 units) = $5
Total product cost per unit = $14
Fixed Overhead at 12500 units =
= $4
∴ Total product cost per unit if 12,500 units = Total variable cost per unit + Fixed Overhead at 12500 units
= 9 + 4
= $13
Answer:
Paul is not maximizing his utility because MUd/Pd is greater than MUb/Pb
Explanation:
Marginal utility is the extra satisfaction derived from spending an additional unit of money on consuming a particular product or service.
In order to determine if he is maximizing his utility, we must calculate his utility per dollar, and this is done by dividing his Marginal Utility by the price.
Marginal Utility per dollar of DVDs is:
MUd/Pd = 23/11 = 2.09
Marginal Utility per dollar of books is:
MUb/Pb = 5/3 = 1.67
Utility is maximized when MUd/Pd is equal to MUb/Pb and Paul has exhausted his budget.