Answer:
Determine the minimum amount for which the non-cash assets must have been sold, in order for quincy to receive some cash from the liquidation:
Total non-cash assets = 300,000
Less: Balance needed from non-cash assets = 95,000
($90,000 - $15,000 - $170,000)
Adjusted non-cash assets = 205,000
Less: Liquidation expenses = 15,000
Balance of non-cash assets = 190,000
Hence, the the minimum amount for which the non-cash assets must have been sold, in order for quincy to receive some cash from the liquidation would be any amount in excess of $190,000.
Answer:
Contribution margin per unit = $250
Contribution margin ratio = 55.56%
Explanation:
The computations are shown below:
Contribution margin per unit = Sale price per unit - variable cost per unit
= $450 - $200
= $250
Contribution margin ratio would be
= (Contribution margin per unit) ÷ (Sale price per unit) × 100
= ($250) ÷ ($450) × 100
= 55.56%
And, the contribution margin income statement for may month is presented below:
Sales (225 bikes × $450) $101,250
Less: Variable cost (225 bikes × $200) ($45,000)
Contribution margin $56,250
Less: Fixed expenses per month ($40,000)
Net income $16,250
Since it’s a credit card you must subtract 330.19-50.00 = 280.19 then with the fine you add 280.19+4.20= 284.39. So the new balance is $284.39
Answer:
people face trade offs
Explanation:
Because wants are unlimited and the resources used to satisfy those wants are limited, people have to face trade offs. these trades off are opportunity costs.
Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.
In this question, the wants are a cell phone or an amplifier. the resource is $200. If the amplifier is bought, the cell phone cannot be purchased. This is an example of a trade off
