Answer:
Her kitchen Staff can spend up to $3.00 on product cost.
Explanation:
Selling price= $10.00
Margin= $4.00
Labor costs = $10.00*30% = $3.00
Selling Price = Contribition margin + Labor costs + Product Cost.
Isolating Product cost from the equation:
Product cost = Selling price - (Contribution margin + Labor costs)
Product cost = $ 10.00 - ($4.00 + $3.00)
Product cost = $ 10.00 - $7.00
Product cost = $ 3.00
The max. amount that kitchen staff can spend on product cost is: $ 3.00
They most likely need to fulfill the security need of Maslow’s Hierarchy of needs. Employment and financial stability fall under the umbrella of the security need, in order to ensure the physiological needs can be met in the future.
Answer:C. cash flow from operations may increase
Explanation:
A factoring system is one in which a firm sell his right to receive payments on it's receivable to a firm referred to as the factor as a discount in which the amount of discount represents the factor fees for taking up the risk.
The factor may be with or without recourse to the firm selling the receivable.
It's mostly entered into to reduce payment defaults and increase inflow of cash for operations.
The factor company does not need to be a consolidated company,it usually reduce the receivable and does not require a change in accounting principles.
Answer:
Financial advantage $40,000
Explanation:
The relevant variable cost will be determined as follows
Unit variable cost = 130+20 = 150.
$
Sales from special order ( 200 × $350)= 70,000
Variable cost ( 200× 150)= (<u>30,000
)</u>
Financial advantage <u> 40,000</u>
Note that the fixed manufacturing and selling costs were not included in the analysis, simply because they are not relevant. In other words, whether or not the special order is accepted these fixed costs of would be concurred either way.
Financial advantage $40,000
Answer:
<u>No</u>
Explanation:
<em>Remember, </em>in business law, as long as both parties did not sign a contractual document, the purchase is not legal.
In this case, it could be observed that Ganze only "mailed an acceptance" not a signed document between both parties agreeing on the purchase of her antique car.
Also, the fact that she quickly sent a telegram letting Archer know that she is rejecting the offer, shows that she acted in good fate to withdraw her acceptance on time.
