a condition or state of affairs almost beyond one's ability to deal with and requiring great effort to bear or overcome. "grappling with financial difficulties"
Answer:
<em>Who is the principal?
</em>
<u><em>Mario Sclafani</em></u>
<em>Who is the agent?
</em>
<em><u>The office worker</u></em>
Explanation:
Sclafani is a disclosed administrator. <em>Principals are responsible for agreements entered into by an agent when the principal approved the contract.</em>
Whenever a third party, Felix in this scenario, signs a contract with a disclosed source, Sclafani in this case, who is responsible for the contract.
Answer:
When you are preparing the cash flow statement, some adjustments are made that actually increase the cash flow even if the net income has decreased, for e.g.:
- lower accounts receivables
- lower inventories
- higher depreciation and amortization expenses
- higher accounts payables and accruals
- sale of investments
- new long term debt
- less dividends distributed
- new capital raised
Answer:
It means exchange for good or service without using any money
Answer:
b. $19500000.
Explanation:
Break-even point is the level of sales on which business has no profit no loss situation. The business only covers the variable and fixed cost at this point.
Total Contribution can be determined by calculating adding estimated contribution of each division.
Total Contribution ratio = (65% x 30%) + (35% x 50%) = 19.5% + 17.5% = 37%
Fixed cost = $7,215,000
Break-even point = Fixed cost / Contribution margin ratio = $7,215,000 / 37% = $19,500,000
