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2 years ago

5

True or false: Stockholders do not have the power to bind the corporation to contracts. This is referred to as lack of mutual ag

ency.

1 answer:

Anon25 [30]2 years ago

7 0

Answer: This is true

Explanation: Trust me... got it wrong once and I don't want anyone else to get it wrong.

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Gulph Company reported the following results from the sale of 5,000 hammers in May: sales $200,000, variable costs $120,000, fix

Nezavi [6.7K]

Answer:

Number of units= 4,000 units

Explanation:

Giving the following information:

Sales $200,000

variable costs $120,000

fixed costs $60,000

net income $20,000.

We have to maintain a net income of $20,000.

First, we will calculate the selling price per unit and the unitary variable cost:

Selling price= 200,000/5,000= $40 per unit

Variable cost per unit= 120,000/5,000= $24 per unit

New selling price:

Selling price= $44

Contribution margin per unit= 44 - 24= $20

Now, we have to find the total contribution margin required:

Contribution margin required= net operating income + fixed costs

Contribution margin required= 20,000 + 60,000= 80,000

Number of units= total contribution margin/ unitary contribution margin

Number of units= 80,000/20= 4,000 units

4 0

3 years ago

Nan presents her plan for a slip-on shoe that is water repellent, inexpensive, and highly fashionable. She believes that the mar

Mazyrski [523]

Answer:

c. the exaggerated hockey stick

Explanation:

Based on the information provided within the question it can be said that the business plan error that Nan is incurring is the exaggerated hockey stick. In the context a business, "a hockey stick" explains a startups growth as a linear steady growth at launch until it hits a certain tipping point and has a growth explosion. It seems though, that in this scenario Nan is exaggerating the initial growth aspect of the startup as saying that they can capture 40% of the market, which is an extremely high value.

5 0

2 years ago

The Permanent School Fund distributes money to school districts across the state based on what two factors?

bogdanovich [222]

Answer:

Explaination given below:

Explanation:

The Permanent School Fund distributes money to school districts across the state based on the two factors as follows:

* student attendance

&

* guaranteed bonds issued by local school boards

The Permanent School Fund was organized in the year around 1854. The central goal of the Permanent School Fund is to support primary as well as secondary schools in the state.

5 0

3 years ago

Suppose the gdp is in equilibrium at full employment and the mpc is .80. if government wants to increase its purchase of goods a

melamori03 [73]

<span>The marginal propensity to consume is a metric that quantifies the concept of increase in consumption with an increase in income. Mathematically MPC is defined as:</span>

MPC = Change in consumption / Change in income

Purchase of goods and services is considered as consumption, therefore:

Change in consumption = $16 billion

In the government’s perspective, taxes are considered as income, therefore the problem ask us to find for the necessary change in tax collection to maintain equilibrium GDP. Substituting the values in the formula:

0.80 = $16 billion / Change in income

Change in income = $20 billion

<span>Therefore the government should increase the tax collection by $20 billion.</span>

6 0

3 years ago

Read 2 more answers

The board of directors of capstone inc. declared a $0.60 per share cash dividend on its $1 par common stock. on the date of decl

Liula [17]

The entry for the dividend declaration is as following:
Debit Cash Dividend $12,000
Credit Dividend Payable $12,000
To acquire the amount we must multiply the dividend per share which is 0.06 with a number of common shares issued which is 20,000. Capston, Inc have to entry this transaction as the dividend declares although the cash has not yet disbursed to comply with the accrual principle.

The treasury stock must be ignored because it is the portion of stocks which held by the company in its own treasury and the amount of authorized stock because it is not yet issued and the company doesn't have the obligation to pay that portion of stocks dividend<span>.</span>

3 0

3 years ago