Answer:
The answer is: 2) operate his business as long as he rents at least 1 boat per month.
Explanation:
Since Bill doesn't have any fixed costs, then he should continue to work as long as he can rent at least 1 boat per month. The break even point is calculated by dividing the total fixed costs over contribution margin per unit, but since the total fixed costs equal 0, then any boat rented will be over the break even point.
Answer:
Ending inventory= $6,765
Explanation:
Giving the following information:
Variable production costs are $12.30 per unit
Assuming a beginning inventory of zero, production of 4,300 units, and sales of 3,750 units.
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead) to calculate production costs.
Units in ending inventory= 550
Ending inventory= 12.3*550= $6,765
Complete question:
Identify the account concept,assumption, or principal that best applies to each of the following situations:
Burger King, the restaurant chain, sold a store location to McDonald's. How can Burger King determine the sale price of the store - by a professional appraisal, Burger King cost, or the amount actually received from the sale?
Answer:
Historical cost principle
Explanation:
The initial nominal financial value of the commodity is the average expense of a commercial object. The cost estimate is traditionally focused on recording assets at their nominal expense, which are not adjusted to adjust the costs of the products.
The original nominal financial value of the commodity is the average expense of a commercial object. The cost estimate is traditionally focused on recording assets at their nominal expense, which are not adjusted to adjust the costs of the products.
Answer:
B
Explanation:
Rather than a leader using the situational approach in order to adapt their leadership style to meet the changing needs and development level of their followers, it is often times more beneficial for a leader to choose their behaviors and leadership style based on the characteristics of their followers and the work setting (North Ouse, 2016, p.93). The path-goal theory is a contingency theory that allows leaders to choose a leadership style that will motivate their followers to reach their goals, and help them steer clear of any obstacles they may come across in the process (Pennsylvania State University, 2019).
Answer:
Amount of commission = $18,250
Explanation:
Given:
Listed price = $325,000
Sales price = $365,000
Commission rate = 5%
Find:
Amount of commission
Computation:
Amount of commission = Sales price x Commission rate
Amount of commission = $365,000 x 5%
Amount of commission = $18,250