Answer: Sell their personal assets
Explanation: In the given case, James and Maria were the owners of a firm which has a partnership structure and not the company structure. As per the law, the owners and the firm in a partnership structure would not be considered as two separate legal entities.
In case of any default or liquidation , the personal assets of the owners of the firm could be taken into consideration for repayments of debt.
Hence Maria and Jamie can sell their assets to repay $37,500.
Answer:
Option A $25000
Explanation:
The breakeven point in sales dollars can be calculated by using the following formula:
Breakeven Sales In Dollars = Fixed Cost / Contribution Margin ratio
The fixed cost here is $14000 and the contribution margin ratio is 0.56.
So by putting the values, we have:
Breakeven Sales In Dollars = $14000 / 0.56 = $25000
So the sales required to breakeven at a contribution margin of 0.56 is $25000. Remember that Fixed cost though remains the same but contribution margin ratio changes when the variable cost or selling price changes. So if the changes in variable cost or selling prices are witnessed to achieve the maximum profit possible, then the managers must recalculate the breakeven point because it has been altered due to these changes.
Answer:
The correct answer is letter "A": True.
Explanation:
Light passing through a single slit forms a somewhat different pattern of diffraction from that formed by double slits or gratings of diffraction. Monochromatic light traveling through a single slit has a main peak, and on either side, there are many smaller and dimmer maximums. If the light is increased, the central maximum is expanded.
Answer:
The correct answer is D. Works through the chain of command within the company to avoid subordinating judgment.
Explanation:
The chain of command not only establishes the hierarchy of responsibility for management or accountability, but also the lines of authority and the decision-making power of the company. An appropriate chain of command ensures that each task, each job and each department have a person who assumes responsibility for their performance.
