Answer:
Yes.I do consider this invasion of privacy except i gave a consent to the website owner to use my data.
Explanation:
Answer:
The contribution margin is $29,650
The contribution margin ratio is 42.35%
Explanation:
Contribution Margin : The contribution margin shows a difference between sales revenue and variable cost.
For computing the contribution margin, the following formula is used which is shown below:
= Service revenue - Cleaning supplies - wages expenses
= $70,000 - $22,000 - $18,350
=$29,650
Thus, the contribution margin is $29,650
Now, the contribution margin ratio is a ratio between contribution margin and sales.
In mathematically,
Contribution margin ratio = Contribution ÷ Service revenue
= $29,650 ÷ $70,000
= 42.35%
Hence, the contribution margin ratio is 42.35%
Answer:
False
Explanation:
The market demand curve in perfect competition slopes downward.
Price is determined by the intersection of market demand and supply; under perfect competition, the individual firms don't have any influence on the market price.
Individual firms become price takers when the market price is determined by market supply and demand forces. Individual firms are forced to charge the equilibrium price of the market or the consumers would purchase the product from the many other firms in the market who are charging a lower price. The demand curve for an individual firm is, therefore, the same as the equilibrium price in the market
All individual firms are price takers in a perfectly competitive market. The price is determined by the intersection of market supply and demand curves.
The demand curve for an individual firm is not the same as the market demand curve. The market demand curve slopes downward, whereas the firm's demand curve is a horizontal line.
The firm's horizontal demand curve indicates a price elasticity of demand that is perfectly elastic
The horizontal demand curve of an individual firm indicates that the elasticity of demand for the good is perfectly elastic. This means that if any individual firm charged a price somewhat above market price, it would not sell any products.
Offering a firm's product at a lower price than the competitors is a strategy usually used to enhance market share. In a perfectly competitive market, firms cannot reduce their product price without experiencing a negative profit. Thus, assuming that each firm is a profit-maximizer, it will sell its output at the market price.
Answer:
see below
Explanation:
Wages are business expenses. In the Double entry system, an increase in expenses is a debit entry.
When wagers are paid, cash available reduces. Cash is an asset account. A decrease in an asset account is a credit entry.
the Journal entry in the case will be
Wages A/C Dr $5000
Cash A/C Cr $5000
Many!
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