Can someone help me with question 12?

Abby Cleaning Service had the following information for the 200 customers served this month: Sales Revenue $20,000 Variable Cost

mixer [17]

Answer:

= 60%

Explanation:

Contribution ratio represents the marginal benefits of producing an extra unit. It is calculated by the formula.

CM ration= Contribution margin/ sales revenue

Contribution margin = sales - varible costs

therefore contribution margin ratio= sales -revenue/ sales x 100

=$20,000 - $ 8000/ 20,000 x 100

= 12000/20000 x 100

=0.6 x 100

= 60%

6 0

3 years ago

The power of a labor union weakens when the company introduces technologies that replace the need for the union's members. techn

icang [17]

Technology is a substitute for employees

6 0

3 years ago

Broker Bill has several agents in his employ. Agent Smith, an "S-Corporation" himself, has his commission checks written out to

algol [13]

Answer:

C. managing broker over Agent Smith

Explanation:

a managing broker is someone is held liable over the actions of another broker office or agency that act on the managing broker's behalf. Thse office or agnecy are allowed to act without direct order from the managing broker, but managing broker will be the one that receive all the consequences.

All the profit that is made by managed entity (in this context agent smith) will have to goes to managing broker first and the managing broker will share the profit on a private term with Agent Smith.

In return, the managing broker will have to ensure that all of the agents that he/she has under disposal have to follow the compliance rule that is made by the government. He will manage the licence and annual tests of the agents in order to ensure consumer safety.

3 0

4 years ago

You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangement

rodikova [14]

Answer:

The correct answer for 1st option is $158,206.95 and for 2nd option is $157,733.11.

Explanation:

According to the scenario, the given data are as follows:

1st option

Payment ( PMT ) = $85,000

Interest rate (I) = 7%

Time (N) = 2 years

So, the effective rate of interest can be calculated as :

R = $((\frac{1+\frac{7}{100} }{12})^{12} -1)$

R = 7.2290%

Present value can be calculated by using following formula:

P = PMT x (((1-(1 + r) ^- n)) / i)

Hence, present value of 1st option can be calculated as:

PV = 85000×((1-(1 + 7.229%) ^- 2) / 7%)

PV = $158,206.95

Now, present value of 2nd option can be calculated as:

Payment = $74,000

Bonus = $20,000

So, PV = 74000×((1-(1 + 7.229%) ^- 2) / 7%)

PV = 137,733.11

Bonus (add) = $20,000

Total PV = $157,733.11

Hence, the present value for 1st option is $158,206.95 and for 2nd option is $157,733.11.

4 0

4 years ago

The Financial Accounting Foundation A. works with the Financial Accounting Standards Advisory Council to provide information to

Luba_88 [7]

Answer:

The answer is: C) oversees the operations of the FASB.

Explanation:

The Financial Accounting Foundation (FAF) is an independent and private organization that is responsible for establishing and improving financial accounting and operating standards. It is also responsible for educating its members about any changes in the accounting and operating standards.

The FAF is responsible for the oversight, administration and financing of the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB).

3 0

3 years ago