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Svetach [21]
3 years ago
13

Sarah smith works as a laser technician for a local dermatology center consisting of physicians operating under a partnership ag

reement. sarah purchased supplies through the mail from a medical supply facility totaling $5,000. she signed the contract agreeing to pay for the supplies in her name, sarah smith. a few weeks later the dermatologists became embroiled in a bitter dispute regarding profits and terminated the partnership. unfortunately, the partners were not aware of the debt owed to the medical supply facility; and the bill remained unpaid. sarah received a bill from the supply company for $5,000. is she liable to the medical supply company, and why or why not?
Business
1 answer:
ser-zykov [4K]3 years ago
6 0

Answer:

Yes, Sarah is liable for the $5,000 bill since she ordered the supplies and signed the contract using her own name.

She is responsible for the money owed to the medical supply facility, but if this purchase practice was common and happened before, she can also demand that the former partners pay her back.

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Stanley's Bicycles store buys bicycles on average for $600 and sells them on average for $750. He pays a sales commission of 15%
Rudik [331]

Answer:

Stanley's Bicycles contribution margin is $7,500

Explanation:

<u>Stanley's Bicycles Contribution Margin Income Statement for the month of June</u>

Sales ($750 x 200)                                                       $150,000

Less Variable Costs :

Costs of Sales ($600 x 200)                  $120,000

Commissions ( $150,000 x 15 %)            $22,500    ($142,500)

Contribution                                                                     $7,500

Less Fixed Costs

Rent                                                             $1,400

Salaries                                                       $3,000       ($4,400)

Net Income                                                                       $3,100

Conclusion

Contribution Margin is Sales less Variable Costs. Therefore, Stanley's Bicycles contribution margin is $7,500

3 0
3 years ago
19. Which of the following herbs has an anise flavor?
vfiekz [6]

the answer would be tarragon just like the french tarragon that has an anise flavor sth licoricshiy.  

3 0
3 years ago
4. If you were going to spend more on marketing, which product would you<br> emphasize and why?
Sergeu [11.5K]

Answer:

Pastries

Explanation:

The marketing in pastries is mandatory as is the slow mover of the products line. The 10.8% participation in the total of sales depict a loss of margin therefore this product needs marketing to improve the sales share.

5 0
3 years ago
In order to hold a hearing, the Superintendent must give how many days notice to the producer being investigated?
lorasvet [3.4K]
Not fewer than 20 days nor more than 30 days.
6 0
2 years ago
You are thinking about a project to expand your business. In order to start the project, you have to invest $200,000 in new equi
9966 [12]

Answer:

$270,000

Explanation:

The computation of the initial outlay of the project is shown below:

The initial outlay of this project = Purchase Price of the Asset + Installation Costs + Shipping cost + Investment in Working Capital

= $200,000 + $15,000 + $5,000 + $50,000

= $270,000

We simply added the purchased price, installation charges, shipping cost and the investment in working capital so that the initial outlay could come

5 0
3 years ago
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