Answer:
One year from the date of the listing if the transaction is not consummated.
Explanation:
Retention period is the number of years as enforced by the law that a certain records must be kept compulsorily before it is eligible for destruction. The retention period shall be 1 one year from the date of the from the date of listing or closing of the transaction if the transaction is not consummated. Retention period is generally in many cases is 1 year and not more than that.
Answer:
Explanation:
Last year Current year
Selling Price 10 10
Varaible Price 5 6
Contribution Margin 5 4
Break even is the point where total cost is equal to total revenue mean no profit and loss.
company earns the contribution margin after covering the variable cost, now only fix cost remains for break even.
Break Even using FIFO method : first In first out system
Fix Cost = 86000
contribution from opening units(6000*5) = 30000
Remaining Fix cost that should be Covered from
current year products = 56000
Units to be sold for break-even ( 56000/4) = 14000
so we have break even units 6000+14000 = 20000
Fix cost = -86000
Opening 6000*5 = 30000
Current 14000*4 = 56000
Profit = 0
Break Even using LIFO method : Last in first out
Fix Cost = 86000
Break even = Fix Cost / Contribution margin
Break even = 86000/4 =21500
current production is 24000 which is higher than break even units so we can cover the fix cost from current year production because company is using lifo method. we do not need opening units for the break even.
Answer:
$119,500
Explanation:
Solution:
Recall that
The budgeted sales for Micro Miller company = $700,000,
Sales commissions of = 4%
The salary of sales manager = $80,000.
Now,
Since Budgeted Sales is $700,000
Then
sales commissions is calculated as follows:
Sales Commission=0.04*700000(A)= 28000
Thus,
Sales Manager's Salary(B) = $80,000
Hence,
The shipping expenses = 0.01*700000 = $7000
Miscellaneous selling expenses becomes
Fixed = 1000
Variable =3500 700000 * 0. 5 = 119500
Answer:
Option A is correct one.
Competing
Explanation:
When one person seeks to satisfy his or her own interests regardless of the impact on the other parties to the conflict, that person is using the conflict-handling intention of <u>Competing.</u>
When one person seeks to satisfy his or her interests regardless of the impact on the other parties to the conflict, he is competing. The competition involves authoritative and assertive behaviours.
