Answer:
Culture is the ability to define a group of people. subculture is a group within a culture that differs from the general consensus.
No question has a limited number of questions
if this is wrong I apologize
Answer: C. an implied contract.
Explanation:
An Implied Contract is one that arises as a result of the way one or both of the parties involved in the contract acts towards the other.
Unlike an Express Contract, it need not be written down but it does have the same legal weight and strength of a written contract.
The basic principle of this contract is that people should always be treated fairly in business transactions so the need to always pen it down is not necessary.
By walking in and leaving his clothes at the laundry, Bill got into an Implied Contract as it would be unfair for Tom to just clean his clothes with no payment.
Answer:
B. $ 12 comma 600 comma 000
Explanation:
15,000 units x $700 cost per unit = 10,500,000 total cost
markup policy for the firm: 20% of total cost
the sales price will be the total cost for the order plus a 20% of that cost as a gross profit margin.
sales price = cost x (1 + 20%)
sales price = total cost x 1.20
sales price = 10,500,000 x 1.2 = 12,600,000
Answer:
<u>Break-even Sales:</u>
Remo Company $128,346.17
Angelo Inc. $201,649.86.
Explanation:
Break-even Sales is the dollar amount of revenue at which there will be neither Profit nor Loss. In other words, it a Point at which Contribution Margin is equal to Fixed Costs. The Formula to Calculate Break-even Sales is:
Fixed Cost / Contribution Margin Ratio
where
Contribution Margin Ratio is Sales less Variable Expenses, and expressed as a percentage of Sales.
Remo Company
Contribution Margin Ratio = 75,000 / 275,000 = 27.27%
Break-even Sales = 35,000 / .2727 = $128,346.17
Angelo Inc.
Contribution Margin Ratio = 150,000 / 275,000 = 54.55%
Break-even Sales = 110,000 / .5455 = $201,649.86.
