Studyhelpline
Monday, June 20, 2016
Monday, June 13, 2016
Blanchard Company manufactures a single product that sells for $160 per unit and whose total variable costs are $128 per unit. The company’s annual fixed costs are $464,000. Management targets an annual pretax income of $800,000.
Blanchard Company manufactures a single product that sells for $160 per
unit and whose total variable costs are $128 per unit. The company’s
annual fixed costs are $464,000. Management targets an annual pretax
income of $800,000.
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)
Explanation:
1.
2.
(Fixed costs + Target income) | ||
Unit sales at target income | = | |
Contribution margin/unit |
($464,000 + 800,000) | ||
= | | |
$32 |
= | 39,500 units |
2.
(Fixed costs + Target income) | ||
Dollar sales at target income | = | |
Contribution margin ratio |
($464,000 + 800,000) | ||
= | | |
20% |
= | $6,320,000 |
A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $330 per pair and cost $260.70 per pair in variable costs to make. (Round your answers to 2 decimal places.)
A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $330 per pair and cost $260.70 per pair in variable costs to make. (Round your answers to 2 decimal places.)
(1) Compute the contribution margin per pair.
(2) Compute the contribution margin ratio.
Blanchard Company manufactures a single product that sells for $210 per unit and whose total variable costs are $168 per unit. The company’s annual fixed costs are $575,400.
(a) Compute the company's contribution margin per unit.
(b) Compute the company's contribution margin ratio.
(c) Compute the company's break-even point in units.
(d) Compute the company's break-even point in dollars of sales.
Thursday, June 9, 2016
1. Question : A person who is an active partner but is unknown to the public as a partner. Student Answer: Dormant partner General Partner Nominal partner Secret partner Silent partner Trading partner Points Received: 1 of 1 Comments: Question 2. Question : Do personal profits earned directly as a result of one partner's connection with the partnership belong to the firm? Student Answer: Yes No Points Received: 1 of 1 Comments: Question 3. Question : A partnership with no limitation on the rights and duties of the partners. Student Answer: Dormant partner General Partner Nominal partner Secret partner Silent partner Trading partner Points Received: 1 of 1 Comments: Question 4. Question : Can three persons who agree to contribute property to the running of a business as co-owners for the purpose of making a profit have formed a partnership even though they do not call themselves partners? Student Answer: Yes No Points Received: 1 of 1 Comments: Question 5. Question : Can a partnership exist only if the parties have a written agreement? Student Answer: Yes No Points Received: 1 of 1 Comments: Question 6. Question : There are no formalities to existing and operating as a sole proprietorship. Student Answer: True False Points Received: 1 of 1 Comments: CLICK HERE TO GET THE ANSWER !!!!
1. Question : A person who is an active partner but is unknown to the public as a partner.
Student Answer: Dormant partner
General Partner
Nominal partner
Secret partner
Silent partner
Trading partner
Points Received: 1 of 1
Comments:
Question 2. Question : Do personal profits earned directly as a result of one partner's connection with the partnership belong to the firm?
Student Answer: Yes
No
Points Received: 1 of 1
Comments:
Question 3. Question : A partnership with no limitation on the rights and duties of the partners.
Student Answer: Dormant partner
General Partner
Nominal partner
Secret partner
Silent partner
Trading partner
Points Received: 1 of 1
Comments:
Question 4. Question : Can three persons who agree to contribute property to the running of a business as co-owners for the purpose of making a profit have formed a partnership even though they do not call themselves partners?
Student Answer: Yes
No
Points Received: 1 of 1
Comments:
Question 5. Question : Can a partnership exist only if the parties have a written agreement?
Student Answer: Yes
No
Points Received: 1 of 1
Comments:
Question 6. Question : There are no formalities to existing and operating as a sole proprietorship.
Student Answer: True
False
Points Received: 1 of 1
Comments:
When the contract specifies what is to happen in the case of a mistake:
1. Question : When the contract specifies what is to happen in the case of a mistake:
The contract provision applies only if it is unconscionable.
Since the law is supreme it overrules conflicting contract provisions.
The contract provision applies even if the law would be otherwise.
The contract provision applies when the mistake is unilateral.
Points Received: 1 of 1
Question 2. If an executory contract is entered into as a result of undue influence, the innocent party may refuse to perform.
True
False
Points Received: 1 of 1
Question 3. When there is a unilateral mistake the mistaken party never can obtain legal relief.
True
False
Points Received: 1 of 1
Question 4. A party intends to make a contract and is defrauded into making it.
Active fraud
Fraud in the Execution
Fraud in the Inducement
Misrepresentation
Passive fraud
Undue Influence
Points Received: 1 of 1
Question 5. Question : A party is tricked into signing a contract when the nature of the writing could not be understood.
Active fraud
Fraud in the Execution
Fraud in the Inducement
Misrepresentation
Passive fraud
Undue Influence
Points Received: 1 of 1
Question 6. Whether a mistake affects the validity of a contract normally depends on whether just one of the parties or both parties have made a mistake.
True
False
Points Received: 1 of 1
Silence never ratifies a minor's contracts. True False
1. Question : Silence never ratifies a minor's contracts.
True
False
Points Received: 1 of 1
Question 2. If a minor does not still have possession of property received under a contract, the contract cannot be disaffirmed.
True
False
Points Received: 1 of 1
Question 3. A person formally adjudicated incompetent cannot make a valid contract.
True
False
Points Received: 1 of 1
Question 4. Which of the following is sufficient and valid consideration?
Performing or promising to perform what one is already obligated to do.
Refraining from doing or promising to refrain from doing what one has no right to do.
Past performance.
Accepting a secured note in discharge of an unsecured note for a greater amount.
Points Received: 1 of 1
Question 5. If Agnes agrees to give $1,000 to her college:
This does not require consideration.
She receives consideration from the college.
The agreement requires all the elements of any other contract.
The agreement meets all the technical requirements of ordinary contracts.
Points Received: 1 of 1
Question 6. If two minors enter into a contract, each has the right to avoid it.
True
False
Points Received: 1 of 1
Simple contracts: Can be implied from the conduct of the parties. Never need to be in writing. Must be in a particular form. Must be sued within one year if they are breached.
1. Question : Simple contracts:
Can be implied from the conduct of the parties.
Never need to be in writing.
Must be in a particular form.
Must be sued within one year if they are breached.
Points Received: 1 of 1
Question 2. Only the promisor needs to supply consideration to have an enforceable contract.
True
False
Points Received: 1 of 1
Question 3. The promises or obligations of parties to a contract must be supported by consideration.
True
False
Points Received: 1 of 1
Question 4. An offer can be accepted:
In any manner the person receiving it chooses to accept it.
By putting a properly mailed acceptance in a mailbox.
Only by the same means by which the offer was communicated.
By fax only if it is received by fax.
Points Received: 1 of 1
Question 5. A sales letter is an offer if:
The wording is such as to indicate that the writer is merely trying to evoke an offer on certain terms.
It is a circular sales letter.
It is an advertisement.
It is a personal sales letter containing an offer.
Points Received: 1 of 1
Question 6. A written offer can be accepted by the offeree:
Any time after it is written.
Any time the offeree receives it.
When the offeror knows the offeree has received it.
After the offeror has communicated it to the offeree.
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