Answer:
A. 42%
Explanation:
Given the above information,
Contribution margin ratio = (Selling price - Unitary variable cost) / Selling price
Selling price = $2,122,200 / 262,000 = $8.1
Total variable cost = Variable manufacturing expense $975,200 + Variable selling and administrative expense $260,400 = $1,235,600
Unitary variable cost = $1,235,600 / 262,000 = $4.72
Contribution margin ratio = (8.1 - 4.72)/8.1 = 41.73% = 42%
Welfare payment is an amount of money that is paid by the government to
someone who is ill,poor. Consumer subsidies is a grant assistance given
by one part for support
welfare payment is the amount of money paid by the goverment regularly
to assist the people of the country . it can be in a broader and
narrower sense. narrower sense reffers to the needy, ill, and
poor(social grant). the broader refers to everyone(public goods)
Answer:
No, contracts for personal services are not assignable.
Explanation:
According to a different source, these are the options that come with this question:
Yes, as long as the assignment does not increases the burden on Max.
Yes, Claire can assign her obligations under the contract to anyone who accepts.
No, contracts for personal services are not assignable.
No, the assignment is not valid since Max did not give any consideration.
This is most likely not a good strategy for this woman. The fact that this woman has been hired as a freelance web designer means thta the woman is beig paid for her professional expertise. No one else can perform the job in the way that she can perform it. Therefore, she cannot assign this duty to another person.
Answer:
Here, selling price is $32 and the cost of treasury stock is $30, Hence selling price is higher than cost.
Following Journal Entries are to be passed:
(a) Treasury Stock (4,000 shares × $30) A/c Dr. $120,000
To Cash A/c $120,000
(b) Cash (900 Shares × Selling Price $32) A/c Dr. $28,800
To Treasury Stock (900 shares × Cost 30) $27,000
To Paid in Capital from Treasury Stock (Difference) $1,800
Answer:
Gross earnings = $600
Net pay = $466.10
Explanation:
The computation of the gross earnings and the net pay is shown below:
Gross earnings
40 hours × $10 = $400
10 hours × $20 = $200
So, the total = $600
Since tami worked for 50 hours, 10 hours extra so $20 is paid for 1 hours extra. So, for 10 hours it would be $200
Net pay
Gross earnings $600
less: federal income tax withholding -$88
Less: FICA tax rate @7.65% on $600 - $45.90
Net pay $466.10
