Answer
The agreement is contingent agreement and not the unenforceable.
Explanation:
Under a contingent agreement, certain actions are taken resulting from occurring or non-occurring of certain conditions. Here outcomes are dependent upon happening of events.
It's somewhat see through
Answer:
people who are stupid lol
Explanation:
Answer:
2.27%
; 61.54%
Explanation:
Given that,
Sales/Total assets = 2.2x
Return on assets (ROA) = 5%
Return on equity (ROE) = 13%
Therefore,
Return on assets = Profit margin × Assets turnover
0.05 = Profit margin × 2.2
Profit margin = 0.05 ÷ 2.2
Profit margin = 0.0227 or 2.27%
Percent of total assets is from equity:
= Return on assets ÷ Return on equity
= 0.05 ÷ 0.13
= 0.3846 or 38.46%
Hence, the debt is as follows:
Debt = Assets - equity
= 1 - 0.3846
= 0.6154 or 61.54%
Answer:
<u>Contribution Margin Statement</u>
Sales revenue ($100 x 980) $98,000
Less Variable costs:
cost of goods sold ($58 x 980) $56,840
Commissions expense ($5 x 980) $4,900
Shipping expense ($3 x 980) <u>$2,940</u>
<u>$64,680</u>
Gross margin $33,320
Less Fixed costs:
Salaries expense $7,900
Advertising expense <u>$5,800</u>
<u>$13,700</u>
Net Profit <u>$19,620</u>
