Answer:
1a.
                               Magic Realm, Inc.,
                          Contribution format income statement
                                    Per Unit                    Amount
Sales                               62                         2,207,200
Variable expenses         42                         (1,495,200)
Contribution margin       20                         712,000
Fixed expenses                                            (623,000)
Net operating profit                                      89,000
1b.
Degree of operating leverage: 4
2. The expected percentage increase in net operating income for next year: 184%  
Explanation:
1a. Please refer to the answer part
1b. Degree of operating leverage = Contribution margin / net operating profit = 712,000/89,000 = 8.
2.
Expected percentage increase in net operating income for next year = Expected percentage increase in sales next year x operating leverage = 23% x 8 = 184%
 
        
             
        
        
        
Self-Employed Business Owner. A self-employed business owner is someone who conducts a trade or business with the intent of making a profit. ... 
Independent Contractor. ... 
Franchise.
        
             
        
        
        
Answer : The markup rate based on cost is 91.79747%.
We have 
Selling price per jacket = $37.88
Cost per jacket = $19.75
![Markup rate =[\frac{Selling Price - Cost}{Cost}] * 100](https://tex.z-dn.net/?f=%20Markup%20rate%20%3D%5B%5Cfrac%7BSelling%20Price%20-%20Cost%7D%7BCost%7D%5D%20%2A%20100%20)
Substituting the values in the formula above we get,
![Markup rate = [\frac{37.88-19.75}{19.75}] *100](https://tex.z-dn.net/?f=%20Markup%20rate%20%3D%20%5B%5Cfrac%7B37.88-19.75%7D%7B19.75%7D%5D%20%2A100%20)
![Markup rate = [\frac{18.13}{19.75}] *100](https://tex.z-dn.net/?f=%20Markup%20rate%20%3D%20%5B%5Cfrac%7B18.13%7D%7B19.75%7D%5D%20%2A100%20)
 %
%
 
        
             
        
        
        
Answer:
True
Explanation:
Generic goods are the products which are named by their product type. The store have many generic goods with lower prices than nationally known brand names. Freddie's Market is also offering its customers generic goods like tissues , napkin and various detergents with no specific brand name. These goods will be less expensive than the brand labelled goods.
 
        
             
        
        
        
Answer:
 C Yours truly
Explanation:
For closing the formal letter, we write off the format closing at the bottom of the page
Like
Yours sincerely
Thanks & regards
Your truly
Best regards, etc
This should represent the respect of a person and the writing way to write out a letter
Therefore in the given case, the option C is correct i.e. C yours truly