Answer:
The Question is Incomplete; Full Question is as follows;
Using variable costing, what is the contribution margin for last year?
<em>Contribution Margin = $362,900</em>
Explanation:
Computation of expenditure margin by differential costing;
<em>Sales </em><em>Minus </em><em>variable cost </em>
= $1,558,000
- Variable cost of Manufacturing(190,000 units *$1.84)
= $349,600
— variable sales and administrative costs(190,000 units *$4.45)
= $845,500
= contribution margin = $362,900
<em>Keep in mind that; </em><em>Set or Fixed expenses and overhead costs are not taken into account when trying to calculate the contribution margin.</em>
Answer:
a. True
Explanation:
A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright. Thus, he or she supervises and ensures his subordinates (employees) are working effectively and efficiently with the organization's goals and objectives.
Generally, managers working in international businesses are expected to evaluate the attractiveness of a country as a market or location for a facility or investment before going ahead to the endorse and approve it for any business having long-term plan, goals and objectives in mind.
Some examples of the factors a manager should look out for in determining the attractiveness of a country includes freedom of expression, government policies, power supply, taxation, ease of doing business, climate, etc.
Answer:
The argument that the higher courts had decided the cases of similar facts and circumstance in such a way that he can expect that the court rules in his company's favor is a valid argument. The argument is based on the doctrine of stare decisions. The meaning of the doctrine stare decisions is to stand on decided cases. It is a common practice to decide the case based on the former decisions of the judicial systems. It is a set principle that if the court of higher rank has set a precedent then lower court must adhere to it. Therefore, this argument is a valid argument.
The courts are bound to follow the rule set by its higher authority. However, it is not always necessary to obligate its precedents and sometimes, the court can depart from this rule. This could be done only in the circumstances where it is found that the precedent is simply incorrect or due to social changes or technological changes made the precedent inapplicable. Therefore, the court in this case can not necessarily be ruled as the other courts had done.
