Answer:
See explanations below
Explanation:
1. Overall contribution margin ratio of the company
= (Total contribution margin / Total sales ) × 100
= ( $113,400 / $162,000 ) × 100
= 70%
2 Company's overall break even point in dollar sales.
= Fixed expenses / Contribution margin ratio
= $82,530 / 70%
= $117,900
3. Contribution format income statement
Claim jumper
Sales $108,000/$162,000 = $0.67 × 100
= 67% × $117,900
= $78,993
Makeover
Sales $54,000/$162,000 = $0.33 × 100
= 33% × $117,900
= $38,907
Claim jumper
Variable expenses
= ($68,120 / $108,000) × $39,880
= $25,154
Makeover
Variable expenses
= ($45,280 / $54,000) × $8,720
= $7,312
• Variable expenses at the point of break even sales = (Break even sales / Original sales ) × Variable expense
There are 6 requirements for a verbal contract:
An offer. -- they had this
An acceptance. -- the contract was accepted
Competent parties who have the legal capacity to contract. - they both have the right to make this decision
Lawful subject matter. this is not an illegal operation
Mutuality of obligation. Both parties are obligated to do something in this case.
Consideration. if there were discussions of payment, then yes this is a legally enforceable contract.
Answer:
$296 million
Explanation:
Data provided in the question:
Expenses of the bank = $222 million
Efficiency ratio of the bank = 75%
Now,
The Efficiency ratio is given using the formula as:
Efficiency ratio = 
thus,
Revenue = 
on substituting the respective values, we get
Revenue = 
or
Revenue = 
or
Revenue = $296 million
Hence, the revenue for the bank is $296 million
The question above is not complete, the alternatives attached to the question are as follow:
A) The people working to develop the community
B) Bike paths and stores
C) Solar power
D) The idea to develop the housing community
ANSWER
The correct option is B.
Land as a factor of production refers to all the natural resources that are free gifts of nature. According to this definition, land as a factor of production include the following: forests, oceans, rivers, mountains, climate, light, heat of the sun and natural resources such as crude oil, copper, gold, silver, coal,etc. The characteristics of land include the following: it is a free gift of nature, fixed in quantity, permanent in nature, immovable, differs in fertility, etc.
