The total of his assets is $959
<u>Explanation:</u>
assets - liabilities = net worth
assets = net worth + liabilities
assets = 500 + 459
assets = $959
Therefore, the total of his assets is $959
Answer:
Selling price per composite unit= $11.3
Explanation:
Giving the following information:
Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2.
Unit price and cost data are: M N OUnit sales price$12 $10 $11
<u>First, we need to calculate the sales proportion for each product:</u>
M= 3/6= 0.5
N= 1/6= 0.17
O= 2/6= 0.33
<u>Now, the selling price per composite unit:</u>
Selling price per composite unit= (0.5*12) + (0.17*10) + (0.33*11)
Selling price per composite unit= $11.3
Divide 5940 between x, y and z in such a way
that x has twice as much as y, who has half as much as z.
How much does each receive?
x + y + z = 5,940
x = 2y, 2y = z
y = 1,188
x receives 2,376, y receives 1,188 and z receives 2,376.
Answer:
$300,000
Explanation:
Calculation for How much in sales does Vaughn need to break even per year
Using this formula
Sales needed to break even=Fixed cost/(1-Unit selling price Variable costs)
Let plug in the formula
Sales needed to break even=$30,000 / (1 -.9)
Sales needed to break even=$30,000 / (0.1)
Sales needed to break even=$300,000
Therefore How much in sales does Vaughn need to break even per year will be $300,000
Answer:
B) False
Explanation:
As the decisions in the AGM is made on voting of the stockholders. Sharon has controlling interest in ABC Inc. because he has the more than 50% of the share holding in ABC Inc. Sharon can Terminate the election because he has the majority of voting rights and on the other hand the Jason has 5% interest and voting rights of the company which is even not enough to create a significant influence over ABC Inc. The decision of Sharon will be considered as final.
