Preliminary calculations:3 units of A at $ 55.00 each - $ 165.004 units of B at $ 30.50 each - $ 122.001 unit of C at $ 32.00 each - $ 32.00Selling price of a composite unit - $ 319.00
Contribution margin of A ($ 165.00 x 30%) - $ 49.50Contribution margin of B ($ 122.00 x 25%) - $ 30.50Contribution margin of C ($ 40 x 50%) - $ 20.00Contribution margin of composite unit - $ 100.00
(a) Break-even point in composite units = $ 67,200 / $ 100 = 672 composite unitsBreak-even point in sales dollars = 672 x $ 319 = $ 214,368.00
(b) At break-even point,672 x 3 = 2,016 units of A672 x 4 = 2,688 units of B672 x 1 = 672 units of C
The letters r.o.g means receipt of goods so ten days from that date. Basically it means a beginning date of invoice or 10 days after the good are received
Answer:
The correct answer is the option B: Acme willfully misclassified Annette as an independet contractor and is liable under Fair Labor Standards Act of 1938.
Explanation:
First of all, an <em>independet contractor</em> is the name that a person receives when provides goods or services under a written contract however they do not work regularly for an employer but work as required.
Secondly, the <em>Fair Labor Standards Act of 1938</em> is a United States Labor Law that creates certain standards that must be accomplished by the employers regarding topics like a minimum wage, ''time-and-a-half'' overtime pay and many others. The basic of this act is to establish standards and protect particular situations regarding the less benefited employees.
Finally, in the case of Acme, where Annette was hired as a independent contractor the company willfully misclassified her due to the fact that she has the same duties and hours of job as Salvatore therefore the company is liable under the Fair Labor Standards Act of 1938 to give her the same salary and health insurance.
Answer:
The answer is $30000
Explanation:
$ $
Sales 195000
<u>Less cost of sales</u>
Opening stock 12000
<u>Add</u> purchases <u> 97000</u>
109000
<u>Less </u>closing stock <u>6000</u>
<u>103000</u>
Gross profit 92000
<u>Less</u> operating expenses <u>62000</u>
Operating income <u>30000</u>
The operating income is<u> $30000</u>
