Answer:
Level of sales (dollars) to earn profit of $50,000
= <u>Fixed cost + desired profit</u>
Contribution margin ratio
= <u>$275,000 + $50,000</u>
0.5
= $650,000
Number of units to earn profit of $50,000
= <u>Level of sales</u>
Selling price
= <u>$650,000</u>
$200
= 3,250 units
The correct answer is A
Explanation:
First and foremost, the level of sales (dollars) to earn $50,000 profit is calculated, which is the ratio of fixed cost and desired profit to contribution margin ratio. Then, we will calculate the number of units to be sold in order to earn $50,000 profit by dividing the level of sales by selling price.
York assets started the year with $110,000-$60,000= $50,000 net assets. So for the current year, the revenues were $110,000 and expenses were $50,000 so add $110,000 to the $50,000 = $160,000 - $50,000= $110,000 net for this year. Since the total dividends are $45,000 then $45,000/$110,000= %40.9 increase in the stockholder's equity for the year which is very good.
Answer:
Option D
Explanation:
In simple words, The debrief analysis was done well during the given scenario, but still no attempt was taken in explaining to the customer about the skills of the group. The customer would like to learn who does how in the enterprise, or whether or not the job is in competent hands.
By offering to buy the group 's competence, the customer might have had the impression that the venture is in capable hands, but this could have established a relationship of mutual trust between the two parties, which in turn could have been valuable to the success. That would be the only element of the team's session discussion that was missing.
Answer:
Controls are significantly different across the globe.
Explanation:
Risk include misstatement of financial information, fraud, ineffective communication of the impact of this change for investors, creditors and others users of the financial information and management inability to certify the effectiveness of the control.
Risk management can be defined as the process that allows individual risk event and overall risk to be understood and managed proactively, optimising success by minimising threats and maximising opportunities.
Controls are significantly different across the globe does not impact to fact that an organisation are at risk, as risk has to be managed from the top corporate level. these threats or risk could stem from a wide variety of source.
This control is part of internal control which only focuses on the the procedure or policy put in place by management to safeguard assets, promote accountability, increase efficiency, and stop fraudulent behavior.
Answer:
The markup in the price would be $ 64
Explanation:
We have given,
The original price of each wooden frame = $36,
While,
The marked up price of each wooden frame = $ 100,
Therefore,
Markup in the price = marked up price of wooden frame - original price of wooden frame
