Answer:
$20.
Explanation:
As the question require us to calculate the profit when one unit in excess of break-even point is sold, so we have to calculate the break-even quantity first. The formula to calculate the break-even quantity is:
Break-even Units = Fixed Cost / (Contribution Margin Per Unit)
where
Contribution margin per unit = Selling price per unit - variable cost per unit
⇒ Break-even units = 15 / (50 - 30) = .75.
This makes the one unit in excess of break-even volume to be 1.75. Now, we have to draft the income statement to determine the operating profit when sales volume is 1.75.
Income Statement
Revenue (50 * 1.75) $87.5
Variable Cost (30 * 1.75) (52.5)
Fixed Cost (15)
Operating Profit $20
Answer:
The answer is
For 2018 - 1.5
For 2019 - 1.3
Explanation:
Asset turnover ratio=Net sales/average total assets
For 2018:
Sales - $480,000
Beginning asset - 360,000
Ending asset -360,000
Average total asset:
($280,000 + $360,000)/2
=$320,000
Therefore, asset turnover for 2018 is:
$480,000/$320,000
=1.5
For 2019:
Sales - $513,500
Beginning asset - $360,000
Ending asset - $430,000
Average total asset:
($360,000 + $430,000)/2
=$395,000
Therefore, asset turnover for 2019 is:
$513,500/$395,000
=1.3
B is going to be your answer
If the purpose of a licensing statute is to raise revenue, a contract with an unlicensed professional may be enforceable is TRUE.
Revenue raising statutes. these are licensing statutes enacted to elevate money for the government. unlicensed persons can put in force contracts and recover for rendering services.
Specialists to gain a license, authorities has some say over who can carry out which jobs as well as how many people can perform those jobs. 2. the second main purpose of licensing statutes is extra intently related to the general public interest.
Business licenses preserve corporations accountable for their sports and conduct and guard the general public's fitness and safety. professional licenses imply the quantity of competence and know-how that a specific professional possesses.
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B. false because if its destroyed or lost and you have no proof of owning it then your ownership is not part of that company
