Answer:
$73,000
Explanation:
Data provided in the question:
Selling Price per unit = $55
Variable rate per unit = $15
Budgeted fixed costs = $20,000
Number of chairs sold = 3,100
Now,
Contribution per unit = Selling Price per unit - Variable rate per unit
= $55 - $25
= $30
Therefore,
Total contribution = Contribution per unit × Number of chairs sold
= $30 × 3,100
= $93,000
Hence,
Operating income = Total contribution - Budgeted fixed costs
= $93,000 - $20,000
= $73,000
Answer:
A. 16.71%
Explanation:
Use dividend discount model (DDM) to solve this question.
Formula for finding the required return of a stock is;
r =
where P0 = Current price = $17.50
D1 = Next year's dividend = $3.45
r= required return = ?
g= growth rate = -3% or -0.03 as a decimal (negative sign is because dividend is expected to decrease)
r =
As a percentage , it becomes 16.71%
If a firm, best computer buys, requires its customers to buy software from it whenever the customers purchase a computer, the company's policy is called a tying arrangement.
A tying arrangement occurs while, thru a technological or contractual requirement, a dealer conditions the sale or hire of one service or product on the purchaser's settlement to take a second service or product.
Tying under U.S. law has been defined as "a settlement with the aid of a party to sell one product however best on the situation that the purchaser also purchases a distinctive (or tied) product, or at least is of the same opinion that he'll not purchase that product from another provider."
When a seller requires buyers to purchase second products or services as a situation of acquiring first services or products, it could run afoul of the federal antitrust legal guidelines. This is called a tying association or tying agreement.
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An honest effort to meet both the spirit and letter of the contract is termed, Good Faith.
<h3>
What is a Good Faith?</h3>
- Good faith (bona fides) in human interactions refers to a real intention to be fair, transparent, and honest, regardless of how the encounter turns out.
- With bona fides, however, this is not the case; it is still extensively used and interchangeable with its widely-accepted contemporary English translation of "good faith," unlike certain Latin expressions that have lost their literal meaning over the years.
- It is a crucial idea in both law and commerce. Bad faith, mala fides (duplicity), and perfidy are the opposing ideas (pretense). Bona fides is a modern English term that is interchangeable with credentials and identification.
- The expression, which occasionally appears in job postings, should not be mistaken for genuine occupational requirements or the employer's good faith attempt.
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