Answer:
D. declaration date.
Explanation:
The dividend payment becomes legal obligation, when it has been declared by Directors and approved by shareholders in annual general meeting of the company.
The date on which the upcoming dividend payment is announced and declared by the board directors of the company is known as declaration date.
Therefore, the answer is D. declaration date.
Answer:
The company's CM ratio: 0.5
Its break-even point in units: 14,300 units and in dollars: $286,000
Explanation:
Variable expense per unit = Variable expenses/ number of units = $128,000/12,800 = $10
The contribution margin ratio is calculated by using following formula:
Contribution margin ratio = (Sales - Total Variable cost)/Sales = ($256,000 - $128,000)/$256,000 = 0.5
The break-even point is the level of production at which the costs of production equal the revenues for a product and calculated by using following formula:
Break-even point in units = Fixed expense/(Selling price per unit-Variable expense per unit) = $143,000/($20 - $10) = 14,300 units
Break-even point in dollars = 14,300 units x Selling price per unit = 14,300 x $20 = $286,000
B. harassment. you cowork has no business commenting on your clothes
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