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KI
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Mechem Corporation produces and sells a single product. In April, the company sold 2,100 units. Its total sales were $205,800, its total variable expenses were $107,100, and its total fixed expenses were $82,400.Required: a. Construct the company's contribution format income statement for April.b. Redo the company's contribution format income statement assuming that the company sells 2,200 units.
On Jul 22, 2024
a.
b.
b.KI
Answered
Prepaid advertising, representing payment for the next quarter, would be reported on the balance sheet as
A) an asset
B) a liability
C) a contra asset
D) owner's equity
A) an asset
B) a liability
C) a contra asset
D) owner's equity
On Jul 22, 2024
A
KI
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Variable cost divided by the quantity of output produced is _____ cost.
A) marginal
B) average total
C) average fixed
D) average variable
A) marginal
B) average total
C) average fixed
D) average variable
On Jul 21, 2024
D
KI
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(Table: Variable Costs for Lawns) Use Table: Variable Costs for Lawns.During the summer,Alex runs a lawn-mowing service,and lawn-mowing is a perfectly competitive industry.Assume that costs are constant in each interval;so,for example,the marginal cost of mowing each of the lawns from 1 through 10 is $10.Also assume that he can only mow the quantities of lawn given in the table (and not numbers in between) .His only fixed cost is $1,000 for the mower.His variable costs include fuel,his time,and mower parts.If the price for mowing a lawn is $40,how many lawns will Alex mow?
A) 0
B) 20
C) 30
D) 40
A) 0
B) 20
C) 30
D) 40
On Jun 22, 2024
C
KI
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Brauman has fallen in love and follows his love to Europe, leaving his apartment with no intent to return or pay future rents. This is known as ________.
A) abandonment
B) surrender
C) illegal breach
D) remediation
E) forfeiture
A) abandonment
B) surrender
C) illegal breach
D) remediation
E) forfeiture
On Jun 21, 2024
A
KI
Answered
In United States v.Microsoft Corp. ,the court held that Microsoft held a ________ percent share of the worldwide market for Intel-compatible personal computer operating systems.
A) 95
B) 70
C) 80
D) 75
A) 95
B) 70
C) 80
D) 75
On May 23, 2024
A
KI
Answered
Which conflict management strategy would be considered the most desirable in an organizational setting and why?
On May 22, 2024
Collaboration strategy, which is a joint effort by all parties to find a solution beneficial to everyone. Sometimes called a "win-win" strategy, the collaborating style strives to make sure that both sides are satisfied. It requires an open discussion of all the issues and concerns, exploration of alternative solutions, and honesty and commitment from all the parties. To be successful, the collaborating style participants need to be able to surface concerns in a nonthreatening way and think imaginatively. The collaborating style is an excellent way to merge insights from people with different perspectives on a problem, and the result can be a strong commitment to the solution from each side. The downside of the collaborating style is that it is hard to do; it requires close attention to the issues at hand (concerns, not just positions) and to the emotional state of the other side.