Answer:
a requirements contract.
Explanation:
A requirements contract is made between a company and one of its suppliers or vendors. In that contract, the supplier or vendor agrees to supply a certain amount of goods or services that the company requires, in exchange the company will only purchase the goods or services from that specific supplier or vendor.
Answer:
Marginal revenue is $2.99
Explanation:
A monopoly is defined as a situation where a single supplier determines the price and amount of a good that will be supplied.
Marginal revenue is defined as the additional revenue that is earned from increased unit of sale of a product.
The initial revenue earned is 100 units* $4= $400.
The present revenue is 101 units* $3.99= $402.99
Therefore the additional revenue is 402.99-400= $2.99
Answer:
$27,400 and $59,600
Explanation:
The computation of the depreciation expense and the book value using the sum of-the-years'-digits method is shown below:
Depreciation expense is
= (Purchase cost - residual value) × useful life ÷ sum of years
= ($87,000 - $4,800) × 5 years ÷ (5 + 4 + 3 + 2 + 1)
= $27,400
And, the book value is
= Purchase cost - depreciation expense
= $87,000 - $27,400
= $59,600
Answer and Explanation:
1. Margie Johnson would be ethically wrong if she grants the boss's favour to not report inventory shrinkage. Also financial statements would not show a true and fair view if she decides to follow what her boss is asking. She should report true inventory value in financial statements.
2. Yes Ryan is being professional since he is out to improve company's sales and income even though he may be putting pressure on employees to work overtime
