Answer: Schlictor's operating leverage when 2000 units are sold is 3.
The degree of operating leverage is used to calculate the change in operating income with respect to a percentage change in sales.
We can calculate operating leverage of a firm with the help of the following formula:
Substituting the values from the question we get
Answer:
raises
rises
rises
increase
higher
decrease
rise
away from bread and toward cereal
rises
Explanation:
Complementary goods are goods that are consumed together
If the price of chowder falls, the quantity demanded of chowder increases in law with the law of demand.
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
If the quantity demanded of chowder increases, the demand for oyster increases also.
Due to the increase in the demand for oysters, suppliers would want to increase their supply of oysters. This would lead to an increased demand for inputs of which wheat flour is one of them. So, the quantity demanded of wheat would increase.
The increase in demand for flour would shift the demand curve for flour to the right and this would lead to a rise in price of flour.
The increase in price of flour would increase the cost of making bread. As a result, the supply of bread would fall. the fall in supply would lead to a rise in price of bread. As a result of the rise in price of bread, the demand for a substitute (cereal) would increase
Substitute goods are goods that can be used in place of another good.
Answer:
A notice of cessation
Explanation:
A notice of cessation is a written notice that is issued by the contractee or the owner of a project (or his or her agent) to inform concerned parties that no work has been performed at the project site for a certain period. This notice also sets the time frame within which the affected parties may carry out their lien rights against one another
Answer:
$17,000
Explanation:
Step 1: Determine the formula for the direct material used
= Beginning Direct Material Inventory + Purchases of Direct Materials - Ending Direct Material Inventory
The Work in progress values should only find expression Manufacturing Account Statement preparation of production cost.
Step 2: Fit the figures into the formula
Beginning Direct Material = $12,000
Purchases of Direct Materials = $15,000
Closing/ Ending Direct Material = $10,000
Cost of Direct Material Used = $12,000 + $15,000- $10,000= $17,000.
Note: Direct material are those raw materials in production or manufacturing that are directly used, related or traceable to the goods or products manufactured.
Answer:
Declaration:
Dr retained earnings $135,000
Cr dividends payable $135,000
Record date:
no entries are required
Payment date:
Dr dividends payable $135,000
Cr cash $135,000
Explanation:
The declaration implies that an amount is set aside from retained earnings in order to pay dividends to stockholders,which means that retained earnings is debited with $135,000 while dividends payable is credited with the same amount.
On payment date,the cash account would show a credit,an outflow while dividends payable is debited with $135,000 in order to show that the dividends obligation has been discharged