Answer:
Assuming that no changes happened, 2020 sales and expenses should be similar to 2019's:
Total Per unit
Total sales $1,842,400 $28
Variables costs <u>($1,184,400)</u> <u>($18)</u>
Contribution margin $658,000 $10
Fixed costs <u>($498,000)</u> <u>($7.57)</u>
Operating income $160,000 $2.43
Answer:
Positive Statements: 1st & 2nd ; Normative Statements: 3rd & 4th
Explanation:
Positive Economics is <u>objective</u> & <u>facts</u> based <u>actual</u> economic issue description , explaining verifiable phenomenas (causal relationships).
Normative Economics is <u>subjective</u> & opinion based conclusive <u>solutions</u> to economic issues, including '<u>ought to be</u>' unverifiable suggestions.
1. Lung cancer kills millions of people each year: reflects actual objective verifiable fact about an economic (health) issue.
2. Too many people smoke: denotes another actual objective variable fact connected to (potential cause of) the above economic (health) issue.
So , these two are Positive Statements.
3. If the government were to increase taxes on cigarettes, fewer people would smoke : Is subjective opinion based probable solution to the above economic (health) issue.
4. The government should increase taxes on cigarettes : Is an 'ought to' suggestion for an economic participant (govt) to solve the above economic (health) issue.
So , these two are Normative Statements
Answer:
Suburbs give people access to city jobs along with more living space. ( A )
<u>Full question:</u>
BuyStore Inc, an online retail store, sells all of its products through its Web site, buystore.com, and through an application on cell phones. BuyStore Inc is an example of a _____.
A) brick-and-mortar firm
B) pure-play company
C) third-party broker
D) physical storefront
<u>Answer:</u>
BuyStore Inc is an example of a pure-play company
<u>Explanation:</u>
A pure-play is a company that concentrates on solely one line of business. Pure plays hold easy-to-understand cash flows and earnings and perform to the provision to a recess market. Representing a company as pure-play enables proprietors and administrators to concentrate on some of the core competencies.
Narrowing a company’s center concedes leaders to reduce confusion and to simplify the firm’s individual sales scheme. The pure-play business model enables companies to explore and develop without large investments in local locations or subsidiary offices.
Answer:
$1,750
Explanation:
Stockholder's equity would be calculated as;
= Current assets balance + Fixed asset balance - Current liability balance
Current assets balance = Cash $25,050 + Accounts receivable $12,400
Fixed assets = Equipment $40,000 - Accumulated depreciation $22,750 = $17,250
Current liability = Accounts payable $15,750 + Salaries payable $12,150 = $27,900
Therefore,
Stockholder equity account balance
= $12,400 + $17,250 - $27,900
= $1,750