Answer:
A $1,200,000
Explanation:
The correct answer is D.
the gross margin equals 40% of net sales = 40%* 1,800,000= 720,000
Cost of goods sold will therefore be 60% of net sales;
Cost of goods sold = (60% * 1,800,000) = 1,080,000.
Cost of goods available for sale = cost of goods sold + the cost of ending inventory.
Cost of goods available for sale = 1,080,000+120,000 = $1,200,000
Answer:
$11,000
Explanation:
Calculation of the amount that Discontinuing Catalog Sales should increase the company profits
First step
Online sales were $100,000 × Percentage of sales increase 10% =$10,000
Second step
Online Sales contribution margin/ Online sales
=$60,000/$100,000
=0.6
Third step
$10,000×0.6
=$6,000
Last step is to find the amount in which Discontinuing Catalog Sales should increase the company profits
$6,000+ Catalog Sales segment margin $5,000 =$11,000
Therefore Discontinuing Catalog Sales should increase the company profits by $11,000
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Answer:
This was an executory contract because neither party has fulfilled their contract obligations (consideration). In other words, the contract has not been fulfilled yet, and both parties are still responsible for performing their contract obligations.
Even after Jackson mistakenly painted the neighbor's deck, the contract remains as executory since neither party has performed their obligations.
Answer:
true
Explanation:
The amount of sales variables (units sold and price) are correlated then a change in 1 will always alter the other.