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4 years ago

6

A and B have agreed that A will befriend C in order to make C popular in exchange for B's payment of $500 to A. Is this a valid

contract?
Yes
No

1 answer:

fiasKO [112]4 years ago

3 0

Yes? There really isn’t slot of info

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In the month of June, Jose Hebert’s Beauty Salon gave 4,125 haircuts, shampoos, and permanents at an average price of $40. Durin

viktelen [127]

Answer:

Contribution margin= $41,250

Contribution margin per unit= $10

Contribution margin ratio= 0.25 or 25%

Breakeven Point ($)=$66,000

Breakeven Point (units)=1,650 units

Explanation:

Contribution margins = sales price - variable costs

The sales price is $40 per unit.

variable costs per units will be total variable cost / total units

total variable costs will be 75% of sales

= 4,125 x $40

=$165,000

variable cost will be 75/100 x 165,000

=0.75 x 165,000

=$123,750

variable cost per item is $123, 750 / 4125

variable cost per unit is $30

(Total)Contribution margin is sales - variable costs

=$165,000 - $123,750

=$41,250

Contribution margin per unit will be $40- $30

Contribution margin per unit is $10

Contribution margin ration =<u>total revenue - variable costs</u>

total revenue

= <u>$165,000 - $123,750</u>

$165,000

=41,240/ 165,000

=0.25

=As a percentage, contribution margin ratio = 25%

Break-even point using contribution margin technique

Break-even in units = fixed cost/ contribution margin per unit

= $16,500/ 10

=1650 units

Break-even in dollars= Breakeven units x selling price

=1650 x 40

=$66,000

3 0

4 years ago

MC Qu. 93 Schrank Company is trying to decide how... Schrank Company is trying to decide how many units of merchandise to order

ss7ja [257]

Answer:

43,000 units

Explanation:

Given that,

Projected sales in August = 48,000

Projected sales in September = 38,000

Projected sales in October = 58,000

Ending inventory is the 25% of the next month's sales.

The units purchased in the month of September includes the amount of sales in this month and the amount of ending inventory for this month but the amount of beginning inventory excludes from this calculation of purchases.

Ending inventory for September:

= 25% of the next month's sales

= 0.25 × Sales in October

= 0.25 × 58,000

= 14,500

Here, the opening inventory for September is the amount of ending inventory for August.

Opening inventory for September:

= 0.25 × Sales in September

= 0.25 × 38,000

= 9,500

Units to be purchased:

= Sales in September + Ending inventory for September - Opening inventory for September

= 38,000 units + 14,500 - 9,500

= 43,000 units

8 0

3 years ago

Read 2 more answers

Fitz Company reports the following information.

Karolina [17]

Answer:

Net cash from operating activities is $527,000.

Explanation:

This can be prepared as follows:

Fitz Company

Statement of cash flows

(Operating activities section only)

For the year ended December 31.

<u>Details $ </u>

Net income 412,000

Adjustment to reconcile net income:

Depreciation expense 50,000

Amortization expense 7,300

Gain on sale of plant assets (7,400)

(Increase) decrease in current assets:

Accounts receivable decrease 33,400

Inventory decrease 47,500

Prepaid expenses increase (6,200)

Increase (decrease) in current liabilities:

Accounts payable decrease (10,900)

Salaries payable increase <u> 1,300 </u>

Net cash from operating activities <u> 527,000 </u>

3 0

3 years ago

"A time of declining economic activity when businesses decrease production, unemployment rises, and many consumers have less mon

Anika [276]

Answer:

Recession.

Explanation:

Recession is a time of slow economic activity.Businesses decrease production,unemployment rises and many consumers have less to spend.

5 0

3 years ago

The following information is available for Larkspur, Inc. for three recent fiscal years. 2022 2021 2020 Inventory $570,000 $580,

bazaltina [42]

Answer:

2020

Inventory TO 2.2

Days on Inventory 166

Gross profit margin: 42.8%

2021

Inventory TO 2.1

Days on Inventory 174

Gross profit margin: 35.6%

Explanation:

Inventory $570,000 $580,000 $330,000

Net sales 1,875,000 1,750,000 1,350,000

Cost of goods sold 1,207,500 1,001,000 939,000

2020:

$\frac{COGS }{Average Inventory} = $Inventory Turnover$

where:

$$$Average Inventory=(Beginning Inventory + Ending Inventory)/2$

COGS 1,001,000

beginning 330,000

ending 580,000

$$$Average Inventory=330000 + 580000)/2$

Inventory 455000

$\frac{1001000}{455000} = $Inventory Turnover$

Inventory TO 2.2

$\frac{365}{Inventory TO} = $Days on Inventory$

$\frac{365}{2.2} = $Days on Inventory$

Days on Inventory 166

Gross profit margin:

sales less COGS divided over sales:

(1,750,000 - 1,001,000) / 1,750,000 = 0.428 = 42.8

2021

$\frac{COGS}{Average Inventory} = $Inventory Turnover$

where:

$$$Average Inventory=(Beginning Inventory + Ending Inventory)/2$

COGS 1,207,500

beginning 580,000

ending 570,000

$$$Average Inventory=580000 + 570000)/2$

Inventory 575000

$\frac{1207500}{575000} = $Inventory Turnover$

Inventory TO 2.1

$\frac{365}{Inventory TO} = $Days on Inventory$

$\frac{365}{2.1} = $Days on Inventory$

Days on Inventory 174

Gross profit margin:

sales less COGS divided over sales:

(1,875,000 - 1,207,500) / 1,875,000 = 0,356‬ = 35.6%

7 0

4 years ago