Answer:
his contribution margin is $75750
Explanation:
given data
buys = $460
sell = $750
sales commission = 5%
store rent = $7000
pay for staff = $1800
to find out
what would be his contribution margin
solution
contribution margin is express as
contribution margin = sales - sales commission - cost of good sold .........1
put here value
contribution margin = 300 × 750 - ( 300 × 750) 5% - 300 × 460
contribution margin = 75750
so his contribution margin is $75750
Answer:
This scenario illustrates lead generation.
Explanation:
Lead generation is the way toward pulling in and changing over customers and into somebody who has shown passion for your organization's item or products. A few examples of lead generations are requests for newspapers, blog entries, search engines and various other online contents. Similar, lead generation is combined with lead management to increases purchases, and the process is called pipeline marketing.
Answer:
-$150
Explanation:
The computation of the expected return from the insurance company is shown below:
= Annual premium × probability of the stolen painting - 1 × theft of painting
= $15,000 × 0.01 - 1 × $300
= $150 - $300
= -$150
By multiplying annual premium with the probability of the stolen painting and then substracted theft of painting so that we can get to know the expected return and the same is to be considered
Answer:
The correct answer is Option C.
Explanation:
Current liabilities are those liabilities that become due and payable within a year or less than a year while long-term liabilities become payable after a year.
At the instance of the question, the note payable is a liability. Since $460,000 becomes payable on January 1 for each of the next four years out of the total of $1,840,000, it means $460,000 is a current liability while the remaining balance of $1,380,000 is long-term.
Answer:
<em>Voidable at Race's option.
</em>
Explanation:
If the individual was so<em> impaired at the time the contract was created that the individual was unable to comprehend what he or she was doing, a person could dis-affirm or revoke.</em>
Because the ability of Race to understand the true nature or conditions of the contract has been substantially compromised, Race (Race will dis-affirm) has voidable the contract.
