Answer:
The correct answer is option (D).
Explanation:
According to the scenario, the given data are as follows:
Henry capital = $45,000
Luther capital = $37,000
Gage capital = $(5,000)
Cash available = $77,000
Deficiency to be paid = 5000
As Gage is unable to pay the deficiency, the deficiency is paid by Henry and Luther
So, Henry capital after paying deficiency = $45,000 - $2,500 = $42,500
and Luther capital after paying deficiency = $37,000 - $2,500 = $34,500
Hence, cash allocation = Henry = $ 42,500
Luther = $ 34,500
Gage = $ 0
Total = $ 77,000
Therefore, Gage will receive $0 upon liquidation.
Answer:
b.$6.00
Explanation:
The contribution margin is the difference between the sales and variable cost. The difference between the unit sales and unit variable cost thus gives the contribution margin per unit.
Total variable cost per unit includes both direct and indirect cost.
variable cost per unit = $1.50 + $1.20 + 0.90 + 0.40
= $4.00
contribution margin per unit
= $10.00 - $4.00
= $6.00
Answer:
Planning Phase
Explanation:
Strategic marketing process deals with planning to develop and to implement operations so as to attain a competitive edge in the market over competitors.
The aspect of strategic management process that deals with conducting SWOT analysis is the planning phase it is the first phase and a very important phase in strategic marketing. It is the phase that assess the strength of the organisation, its weakness, its opportunity as well as the threat that it might face when trying to achieve its goals. This process requires an organisation to conduct a SWOT analysis, set marketing goals, determine how to manage the four p's among other things.
Briar Co. disposed of a $6,000 piece of equipment on December 31 with $4,500 in accrued depreciation as of that date. Then $1,500 will be debited from the Loss on Equipment Disposal account.
<h3>What is loss on Equipment Disposal account?</h3>
Gain/Loss on Asset Disposal is a common account name of the Equipment Disposal account.
The net difference between the initial asset cost and any cumulative depreciation (if any) is debited to the disposal account, while the balances in the fixed asset account and the accumulated depreciation are reversed.
On December 31, the debited amount is calculated as:
Therefore, $1,500 will be the amount of loss on disposal of the Equipment.
Learn more about the depreciation, refer to:
brainly.com/question/14682335
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