9. The controlling function of management could also be described as (1 point)

As of December 31, 2019, Armani Company’s financial records show the following items and amounts.

MrRa [10]

Answer:

Revenue (Consulting revenue + Rental revenue)=33000+22000=55000.

Operating expense (salaries expense+rent expense)=20000+12000=32000

Selling and administrative expense = 8000

Explanation:

Armani Company

Year end Income statement 2019

Revenue = 55000

less: Operating expense =(<u>32000</u>)

Gross Profit 23000

less :Selling and administrative expense = (<u>8000</u>)

Net profit 15000

Notes: Question should be mentioned the company nature of business so that we can identify company real business.

8 0

3 years ago

Law is a practical discipline; theory has no place in law. With specific references to the Law of Contract, discuss. The APA ref

RoseWind [281]

Answer:

Following are the responses to the given question.

Explanation:

In this question, I would have to claim the contrary. Most laws were drafted by attorneys or judges, etc. These individuals utilized legal philosophy to justify or justify the bills which we presented. Instances are indeed the criminal code: Why then is insanity defending several crimes?? As a rule, criminal culpability can be granted if there is a criminal view. The theory for insanity as an excuse is that he had no power or just didn't need to do the crime, but he did the crime without a convict. Its logic leads lawmakers and make allowances, for instance, insanity, of criminal liability.

Moreover, because courts are subjective, judgments are dependent on various legal arguments. An instance: Which concept would the Court decide when the nature of a contractual has been in dispute? There is indeed a widely cited case in Israel wherein the courts chose the extremely intrusive adaptive paradigm — courts based the judgments on doctrines of laws that favored justice so over privity of association. I also heard a few oral statements both from judges as well as the board, and also have drawn examples such which I have given up beyond prejudice. Contract terms also have their very own laws of construction and interpretation.

And when a discrepancy arises regarding the agreements' vocabulary we do not use theory but use the terms of rational thinking to decide whatever the agreement means. An important precedent based on the legal principle has been determined here (most precedents are identical). Nonetheless, inside the field in the law of contract, I guarantee theory. In addition to assessing the violation of the contract or not, also there are conflicting views on whether an occurrence leads to a breach (or it may not) of intentions.

As for myself, I was only hoping how an adverse usage case would've been filed over a rather long time with no refund of the copyright or royalty to get a patented or permitted content used by the claimant without the applicant's consent.

In the daily lives that law as a profession has many requirements. The law of contract throughout particular, the acts of people have come every day in much of the day. Element is indeed a relationship between two people that are legally enforced The principle of a valid contract, consideration, contractual capabilities, minor contract capacities, etc. is commonly applied in everyday life Personally, I was only hoping that an unfair use lawsuit would be lodged over a very long time without any reimbursement of both the license and royalty to get a patented or licensed material used by the claimant without applicant's permission.

In the daily lives, the profession as a profession has many criteria. The law of contract, in particular, the acts with people come daily throughout much of the day. A contract is a contract between two people that's also enforced by law The principle of a valid contract, consideration, contract capacities, minor contractual capabilities, etc. is widely applied in daily life This agreement is unique to the duties, at least in its traditional form, of the commitments, or contingent ones, which are the duties laid down by the parties' wishes. This article discusses its doctrinal and theoretical accounts of contract law, with particular emphasis on slavery and antitrust, contract law as well as the partnership between two neighbors. Law is a complicated field because the type of hard is a science linked to such professions, areas, or professions. Each profession or job does have its legislation. The Law LinkedIn profile and all of their measures and practices.

Justice is a philosophy of action, since it must be enforced, regardless of what it is (Justice) there are many other exceptions. In an example, if anything takes place in a contract it has to be made in line with the regulations to use LAW OF CONTRACT as just a particular reference.

Following are the complete conclusion to the given question:

As short as they are, these comparisons can only provide some idea of how law studies can play a key role in many other university disciplines, as just a scientific subject. More maybe than for any physics research, legal scholars get a range of basic methods at the fingertips, regardless of whether that known as the core study of knowledge in its initial Platonic or Stoic frameworks. Aware of these different methods would enable them to interact with other areas, so in other fields of study, the law can be learned more effectively.

8 0

3 years ago

Lendell Company has these comparative balance sheet data: Additional Information for 2017: Net income was $25,000. Sales on acco

NARA [144]

The Current ratio equals 2.9, the Accounts receivable turnover equals 5.77 and Average collection period equals 63 days.

<h3>What is Current ratio?</h3>

= Current Assets / Current Liabilities

= 145,000 / 50,000

= 2.9

<h3>What is Accounts receivable turnover?</h3>

= Net sales / Average Accounts Receivable

= 375,000 / )(70,000 + 60,000) / 2)

= 5.76923076923

= 5.77

<h3>What is Average collection period?</h3>

= 365 Days /Average Receivable Turnover ratio

= 365 / 5.77

= 63.2582322357

= 63 days

Read more about Current ratio

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8 0

2 years ago

Juicy Beauty manufactures and sells a face cream to small specialty stores in the greater Los Angeles area. It presents the mont

KatRina [158]

Answer: Please see explanation column for answer

Explanation:

Recasting the income statement to emphasize contribution margin.

Juicy Beauty Operating Income Statement, June 2017

Units sold 20,000

Revenues $200,000

Variable costs(subtract):

Variable manufacturing costs $110,000

Variable marketing costs $10,000

Total variable costs $120,000

Contribution margin $80,000

Fixed costs

fixed manufacturing costs 40,000

Fixed marketing and administrative costs 20,000

Total fixed cost $60,000

Operating income $20,000

Working for income statement above =

Contribution margin = Revenue -Total variable cost =$200,000- ($110,000 + $10,000) - $80,000

Operating income= Contribution margin - Total fixed cost = $80,000 - $($40,000 +$20,000) -=$20,000

2 The contribution margin percentage and breakeven point in units and revenues for June 2017.

Contribution margin percentage = ,Contribution margin/ Revenue x 100%

= $80,000/ $200,000 x 100= 40 %

Contribution margin per unit = ,Contribution margin/ units sold

80,000 / 20,000= $4 per unit

Break even point units = Total fixed cost/ ,Contribution margin per unit

= $60,000/ $4= 15,000units

Break even revenue=

we first calculate the selling price = Revenue / units sold = $200,000/ 20,000 =$10

Break even revenue=Break even units x per unit sold = $15,000 x $10 = $150,000.

3. Margin of safety = units sold - break even point unit

20,000 - 15,000 =5000 units

4. If the sales is 16,000 and tax is 30% , Net income is

Units sold 16,000

Revenue $160,000

Contribution margin $64,000

Total fixed cost - $60,000

Operation income $4,000

tax at 30 % - $ 1200

Net income $2,800

working

Revenue = units sold x sale per unit = 16,000 x $10 = $160,000

Contribution margin = Revenue x contribution margin percentage = $160,000 x 40% = $64,000

Operation income = contribution margin - fixed costs= $64,000 - $60,000 = $4000

Tax = 30% of 4000 = $1200

Net income = $4000 - $1200 = $2,800

3 0

3 years ago

Read 2 more answers

a market is a market for new issues of securities. a market is a market for already existing securities.

Oksi-84 [34.3K]

Market for new issues of securities is Primary Market and Market for already-existing securities is Secondary Market.

What is Secondary Market?

Investors can acquire and sell securities they already possess on the secondary market. Although stocks are also sold on the main market when they are originally issued, it is what most people refer to as the "stock market."

Therefore,

Market for new issues of securities is Primary Market and Market for already-existing securities is Secondary Market.

To learn more about Secondary Market from the given link:

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3 0

1 year ago