The agency's position is that Bob had already signed a contract, and that the contract included a placement fee due to the fact that Bob was able to find this job through the agency. On the other hand, the position that Bob would most likely argue is that he is a minor. As a minor, Bob is allowed to disaffirm his contract. Therefore, Bob is likely to win in this dispute.
Answer:
Anderson Cleaning Service's liabilities were $2,160
Explanation:
Basing on accounting equation:
Total asset = Liabilities + Owner's (or Stockholders') Equity
Liabilities = Total asset - Owner's (or Stockholders') Equity
At the end of a recent year, Anderson Cleaning Service had total assets of $5,810 and equity of $3,650
Anderson Cleaning Service's liabilities = Total asset - Equity = $5,810 - $3,650 = $2,160
Answer:
Variable cost Per Unit $2.50
Explanation:
Total cost at high activity = $8100
Total Cost at Low activity = $3600
Total Units at high activity = 2400
Total Units at low Activity = 600
Variable Cost Per Unit = (High activity total Cost - Low activity total cost ) / (High Activity unit - low activity units)
Variable cost per unit = ($8100 - $3600) / (2400 - 600) = $4500 / 1800 = $2.50
Answer:
29,771 units
Explanation:
The break-even indicates the number of units that you have to sell to cover your costs. The break-even point is calculated by using the formula:
Break-even point in units= Fixed costs/(selling price per unit-variable cost per unit)
Break-even point in units= $195,000/($14.95-$8.40)
Break-even point in units= $195,000/$6.55
Break-even point in units= 29,771 units
The break-even point in units is 29,771.
