Answer:
The total sales commissions at a sales volume of 35,000 units is $403,000.
Explanation:
The first step to solve this problem is find how much the commisions are for a single sale.
At a sales volume of 38,500 units, Choice Corporation's sales commissions (a cost that is variable with respect to sales volume) total $442,750.
So for a single sale, the commissions are 442,750/38,500 = 11,5.
So for each sale, there is $11.5 in commisions.
What should be the total sales commissions at a sales volume of 35,000 units?
35000*11.5 = $403,000
The total sales commissions at a sales volume of 35,000 units is $403,000.
Answer:
The revenue principle requires the revenue to be recorded by the company on January 3, 2020.
Explanation:
Revenue recognition principle states that income is recorded when it is earned irrespective of when the cash is received.
Earning of Income neither means receiving of order as on December 15, 2019 nor commitment of completing the order as on December 28, 2019.
The customer pays for the services on January 6, 2020. This date will not be considered as the date of income earning.
Date of Income earning is when the services are rendered that is on January 3, 2020.
Financial managers focus on option(a)i.e, cash flow the inflow and outflow of cash.
A payment (in a currency), notably from one central bank account to another, is referred to as a cash flow. the word "cash flow" is typically used to represent payments that are anticipated to occur in the future, are therefore unknown, and require cash flow forecasting;
To assess the liquidity and solvency of the company, organizations should monitor and analyze three different types of cash flow:
- cash flow from operating operations,
- cash flow from investing activities,
- cash flow from financing activities.
Accounting professionals' financial accounts and other data are used by financial managers to make financial decisions. The inflows and outflows of cash are the main focus of financial management. They organize and track the company's financial flows to make sure there is money on hand when it is required.
A financial manager's primary responsibility is to assess an organization's efficiency through effective resource allocation, acquisition, and management. It offers direction for financial planning. It aids in obtaining funding from many sources. It aids in making wise financial investments.
To know more about financial manager refer to: brainly.com/question/28119918
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Answer:
140,000
Explanation:
Jessica manufactures components of products which she is selling to Michael. He claims that components manufactured by Jessica are defective. Jessica is claiming 400,000 for damages from court. There is 50% chance she will win. Based on these assumptions Jessica can get 140,000 value only. Using the decision tree we get,
400,000 * 50% = 200,000
There is 30% contingency fee so Jessica will get 70%
200,000 * 70% = 140,000
Answer:
True
Explanation:
A more precise way to describe the situation is that Joe's pizza parlor is a monopolistic competition. But that definition considers that all 'food' items have some degree of close substitute relation.
But yes, if you consider this two conditions:
- a broad definition of monopoly
- other restaurants are not considered close substitutes for the food sold at the pizza parlor
Then yes, Joe has monopoly