Answer:
The company's net operating income for May is $30,500
Explanation:
For computing the net operating income, first, we have to compute the contribution by applying the contribution margin formula. The formula is shown below:
Contribution margin = (Contribution ÷ Sales)
75% = (Contribution ÷ $114,000)
So contribution would be equal to
= $114,000 × 75%
= $85,500
And the fixed expenses are $55,000
So, the net operating income equal to
= Contribution - fixed expenses
= $85,500 - $55,000
= $30,500
Answer: See explanation
Explanation:
The appropriate entries for Maywood on January 1, 2021 and December 31, 2021, related to the lease goes thus:
January 1, 2021:
Debit Right of use asset $368291
Credit Lease payment $368291
December 31, 2021:
Debit Ammortization expense $92073
Credit Rights of use asset $92073
Debit Interest expense $25780
Debit Lease payable $78220
Credit Cash $104000
The working to the above entries has been attached
Answer: rational decision making
Explanation: In simple words, rational decision making refer to the framework under which an individual or entity makes rational calculation before choosing one decision among different alternatives. Usually the decision made directly affects their personal objectives.
In the given case, Nicholas did not fire the employee directly and took rational steps to make sure that no unfair decision making happens.
Hence from the above we can conclude that the correct option is A.
Answer:
modified product - multiple markets
Explanation:
This type of strategy consists of offering different products, which are modified versions of some exiting product, to new markets.
In this case, the improved version of the wood wax is a modified version of the old wood wax, and is going to be targeted to a new and specific market (antique owners), while the original version is still going to be targeted at the current market.
Answer:
Tall
Explanation:
The tall organization is an organizational structure that consists of multiple layers of management. An organization which has tall management structure usually consists of various departments, managers and co-managers. These organizations work effectively as several managers and co-workers govern each department. In a tall organization, one CEO sits at the top while multiple managers work under his command.