Answer:
If there are two lawyers with similar experience and fees, you should make a decision by asking other lawyers for recommendations.
Answer:
Interest Expenses for six month = $44309.045
Explanation:
Given:
Sold amount = $805,619
Yield = 11% = 11/100 = 0.11
Interest Expenses = ?
Computation of Interest Expenses :
Time period (January 1 to July 1) = 6 month
Yield = 0.11 / 2 = 0.055 semi-annually
Interest Expenses = Sold amount × Yield
Interest Expenses for six month = $805,619 × 0.055
Interest Expenses for six month = $44309.045
Answer: Yes
Explanation:
The $785,000 was material because it meets both the quantitative and qualitative factors for materiality. Quantitatively, it is more than 10% of the net income of the company ($7.7million) and qualitatively, it showed a relaxed attitude of management towards accounting misstatements.
Some factors other than quantitative considerations that can be used to determine the materiality of the amount in question are:
- Effect on changing loss to profit or profit into loss
.
- Effect of management’s compensation
.
- Effect on the public/shareholders/share prices
.
- Possibility of fraud or conflict of interest
.
- Attitude of management to accounting misstatements
.
Given Fabriland's economic recession, the international price of its textile products will be drastically reduced, thereby constraining its output and GDP.
The reduced price of products will hamper Fabriland's ability to ensure that its AD-AS (aggregate demand-aggregate supply) is in equilibrium.
However, with the increased government spending for economic diversification, the price and output of Fabriland, together with its AD/AS model will help it out of its over-reliance on textile income.
Thus, the country's AD/AS model will likely improve with the increased government spending for diversification of its economic base, leading to increased GDP and reduced inflation.
Learn more: brainly.com/question/23931939
Answer:
0.6
Explanation:
Variable Expense Ratio is calculated by taking Variable Expense and dividing it by Sales. This ratio indicates how much of the variable expense is incurred by company for each $1 Sales.
So, variable expense ratio is .6 or 60% (33,000 / 55,000).
Such questions also require the calculation of Contribution Margin Ratio which is calculated by taking Contribution Margin and Dividing it by Sales. This ratio tells us how much the company generates after covering variables expenses when the sales are $1.
So, Contribution Margin Ratio is .4 or 40% (22,000 / 55,000).