Answer: $750,000
Explanation:
Total Fixed expenses is the difference between the segment margin and the net income.
The common fixed cost would therefore be:
=Combined segment margin - Net income for the corporation
= (1,000,000 + 300,000) - 550,000
= 1,300,000 - 550,000
= $750,000
Product Life cycle Management has several stages. The stages determined the growth and low downs of product. During the introduction stage, sales are growing slow(low) and profit is minimal.
- Market Introduction stage is often called the introduction stage that has a low growth rate of sales as the product is said to be recently brought into limelight and consumers may not know much about it.
Most times, firms do experience losses rather than profits during this stage. and so when product is new on the market and small or no profit is made due to high costs and low sales.
Conclusively, the stage gives a lot of opportunities such as low competition in the market.
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Answer:
A. Partnership
Explanation:
Based on the description of this scenario it can be said that the best option for Mary would be a Partnership. This means that she will share ownership and profit with those involved but at the same time will also share the liabilities. This will make sure that the other tattoo artists will do their utmost best since they will have to deal with the consequences as well if they do not. Which in term protects Mary.
LCM/NRV is applied when the market value (often defined as current replacement cost) or net realizable value is lower than the cost of the available units. The LCM/NRV requirement to write down the closing inventory from cost to market/net realizable value has the immediate effect of reducing (a) net income and (b) the amount of inventory carried on the balance sheet.
Low or market price rules are typically applied to specific inventory items, but can also be applied to entire inventory categories. In the latter case, LCM adjustments can be avoided if there is a balance within the inventory category for items whose market value is below cost and above cost.
Low Cost or Market Value (often abbreviated as LCM) is an accounting method of valuing inventory. We assign a value to inventory at the cost of replacement in the market or the amount recorded when originally purchased, whichever is lower.
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Answer:
the cash balance at the end of the period is $3,551
Explanation:
The computation of the cash balance at the end of the period is shown below:
= Cash Balance at beginning of the period + received from receivables - paid to suppliers- cash expenses
= $4,716 + $1,517 - $2,182 - $500
= $3,551
Hence, the cash balance at the end of the period is $3,551
The above formula should be used for the same