Answer:
=$422,000
Explanation:
As per the contribution margin concept, the contribution margin per unit is equal to the selling price per unit minus variable costs.
Therefore, the total contribution margin is the sales minus variable costs.
The contribution margin for the west will be sales($930,000) minus variable cost($488,000)
=$930 ,000 - $488,000
=$422,000
Answer: the correct answer is A) If real property is involved in the sale, the broker (Alison, in this case) usually treats the sale of the business and sale of the land/building as two separate and concurrent transactions with two concurrent and contingent escrows.
Explanation:
The sale of business opportunities may involve the sale of only personal property.
Alison, in dealing with the sale of business opportunities, must remember to inform the purchaser of the various governmental agencies that the purchaser should contact for required permits, licenses, and clearances. These agencies include the IRS, State Board of Equalization, State Department of Benefit Payments, State Department of Industrial Relations, and various other county and municipal agencies.
The sale of a business opportunity includes the business's stock, trade fixtures, and trade name, a competition agreement, and lease assignment. While such a sale also includes the goodwill of a business, a monetary value cannot be placed on the goodwill.
Answer:
Correct option is C.
<u>$25,000, $25,000.</u>
Explanation:
Gross profit on sale = (300,000-250,000)/300,000 = 16.67%
Gain recognized in:
Year 1 = 150,000 * 16.67% = 25,000
Year 2 = 150,000 * 16.67% = 25,000
Answer:
$68,800
Explanation:
Let the direct material used be X,
Direct Material + Direct Labor + Over Head = Total product cost
X + $62,000 + $40,000 = $165,000
X + $102,000 = $165,000
X = $165,000 - $102,000
X = $63,000 Materials Used
Raw Materials used = Beginning Inventory + Purchased - Ending Inventory
Raw Materials used = Beginning Inventory + Purchased - [Beginning Inventory + $5,800]
$63,000 = Beginning Inventory + Purchased - Beginning Inventory - $5,800
$63,000 = Purchased - $5,800
Purchased = $63,000 + $5,800
Purchases = $68,800
