Answer:
3.60
Explanation:
Given that,
Sales units = 1,000
Sales price per unit = $60
Variable expenses = 40% of the selling price
Total Fixed cost = $26,000
Contribution margin per unit:
= Selling price - Variable cost
= $60 - ($60 × 40%)
= $60 - $24
= $36
Total contribution:
= Contribution margin per unit × Sales units
= $36 × 1,000
= $36,000
Profit = Total contribution - Fixed cost
= $36,000 - $26,000
= $10,000
Degree of operating leverage:
= (Sales - Variable costs) ÷ (Sales - Variable costs - Fixed Expenses)
= (60,000 - 24,000) ÷ (60,000 - 24,000 - 26,000)
= 36,000 ÷ 10,000
= 3.60
Answer:
Auditor
Explanation:
If an interviewer has suspicions of fraud, the interviewer may call on a fraud AUDITOR to assess the situation.
This is because a FRAUD AUDITOR is a type of auditor who based on his experience and background, works as a professional in the gathering of verifiable evidence in terms of fraud and eventually serves as an expert witness during the legal proceeding of such cases.
Answer:
1. 10 Oct 2018 Inventory $59500 Dr
Accounts Payable $59500 Cr
2. 13 Oct 2018 Accounts Payable $1700 Dr
Inventory $1700 Cr
Explanation:
1. The Textbook store is purchasing the books at $17 per book and in total 3500 books are purchased on credit. So, we debit the inventory account by 59500 (3500 * 17) and credit the Accounts Payable by 59500.
2. This transaction relates to Purchases return which in this case is our inventory of books. Textbook store will record this transaction in its books by debiting the Accounts Payable account by the value of the books returned 1700 (170* 100) and credit its inventory by 1700. The last line pertains to total estimation of sales returns by Piranha so we do not need to consider that while preparing transactions in Textbook store's books.
Answer:
the numbers are missing, so I looked for a similar question:
- investment today = $3,000
- receive $10,250 in 5 years
a) I will use the future value formula to determine the internal rate of return:
future value = present value x (1 + r)ⁿ
- future value = 10,250
- present value = 3,000
- n = 5
10,250 = 3,000 x (1 + r)⁵
(1 + r)⁵ = 10,250 / 3,000 = 3.4166667
⁵√(1 + r)⁵ = ⁵√3.4166667
1 + r = 1.27855826
r = 0.27855826 = 27.86%
b) assuming a $3,000, 27.86%, 5 year annuity, the annual payment will be:
annual payment = principal / FV annuity factor, 27.86%, 5 periods
- principal = $10,250
- PV annuity factor, 27.86%, 5 periods = 8.67633
annual payment = $10,250 / 8.67633 = $1,181.38
In the early days of television, the production and content of most television programs was the responsibility of the <u>(C) corporations that sponsored the shows.</u>
<u />
Explanation:
Advertising is a marketing strategy that involves paying for space to promote a product, service, or a social cause.
The actual promotional messages are called advertisements, or ads (In short).
The goal of advertising is to reach the general masses most likely who are willing to pay for a company's products or services and it encourages them to buy.
The first television advertisement was that of a Bulova Watch which was board caste on 1 July 1941.This was the first advertisement not only in US but also in the world
