The audit procedures designed to evaluate both general controls and application controls are referred to as combined controls testing.
The audit procedures that evaluate both general controls and application controls are commonly known as combined controls testing. General controls refer to the broader controls that apply to an organization's overall information technology (IT) environment, including infrastructure, security, and system development processes. Application controls, on the other hand, are specific controls implemented within individual application systems to ensure the integrity, accuracy, and completeness of data and transactions.
Combined controls testing involves assessing both types of controls to evaluate the overall effectiveness of an organization's IT controls environment. It includes procedures such as reviewing system documentation, conducting interviews with key personnel, and performing testing of control activities to assess the design and operating effectiveness of controls at both the general and application level.
By evaluating both general controls and application controls together, auditors gain a comprehensive understanding of the organization's IT controls landscape and can identify any potential weaknesses or deficiencies that may exist. This approach helps ensure that the organization's systems and data are adequately protected, and that the internal control environment provides reasonable assurance of reliability and accuracy in financial reporting and operations.
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If an evaluator finds that the technical adequacy of a test is generally good, then?
If an evaluator finds that the technical adequacy of a test is generally good, then, The most crucial of the validity measures is construct validity.
What is adequacy ?Adequacy is the state of having sufficient quality or quantity to be accepted. Numerous studies indicate that there is valid grounds for concern over the sufficiency of the diet consumed by British youngsters. More adequacy synonyms include sufficiency, capability, competency, and suitability.
When we query if health care coverage, parking availability, or school funding are enough, we are essentially asking if they meet our needs. Although phrases like "His performance was adequate" actually mean "no better than acceptable," the term adequate denotes "enough" or "acceptable."
Basic and adequate refers to the bare minimum needed to satisfactorily address the identified disability-related need.
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Budgetary slack occurs when a manager submits a budget that is ______.
Answer:
Budgetary slack occurs when a manager submits a budget that is too easy to attain.
Explanation:
Hope that helps!
3. The owner of a specialty delicatessen buys baskets, decorates and fills them with food items, and
sells them as one of the products in the shop. The entrepreneur sells an average of 130 baskets a
month The basket supplier charges $0.50 per basket. The entrepreneur would like to reduce his
variable costs and has found a basket supplier who will charge only $0.40 per basket. How much
will the delicatessen owner save in a year by changing suppliers?
Answer:
$156
Explanation:
he old price per basket is $0.50 per basket
the new supplier has a price of $0.40 per basket
Savings per basket is $0.10 ($.50- $0.40)
The average sales per month are 130 baskets.
The average savings per months will be
=$0.10 x 130
=$13
yearly savings will be
=$13 x 12 months
=$156
If the actual price were below the equilibrium price in the market for bread, then:
a) a surplus would develop and would get worse.
b) a shortage would develop but market forces would tend to correct the problem.
c) a surplus would develop but market forces would tend to correct the problem.
d) a surplus would develop and market forces would make it worse.
If the actual price were below the equilibrium price in the market for bread, then a surplus would develop but market forces would tend to correct the problem.
When the actual price is below the equilibrium price, it creates an incentive for buyers to demand more bread while suppliers may be less willing to supply at the lower price. This leads to a situation where the quantity demanded exceeds the quantity supplied, resulting in a surplus of bread in the market.
However, market forces come into play to correct the problem. The surplus prompts suppliers to reduce their production and lower their prices to attract more buyers. At the same time, buyers are incentivized to purchase more bread due to the lower prices. These adjustments in production and consumption eventually help bring the market back towards equilibrium, reducing the surplus.
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The goals of the finance function are to ensure profitability and___
a. manufacture raw materials.
b. reduce risks.
The goals of the finance function are to ensure profitability and reduce risks. So the correct option is B .
In addition to maximizing profits, the finance function of a business also focuses on managing risks, such as credit risk, market risk, liquidity risk, and operational risk. By identifying and managing risks, a business can minimize the potential negative impact of uncertain events on its financial performance and ensure the sustainability of its operations over the long-term. Therefore, the goals of the finance function include not only generating profits, but also managing risks in a way that helps the business achieve its financial objectives while minimizing potential losses.
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united services and supplies reports net income of $88000 and cost of goods sold of $335000. if us&s’s gross profit rate was 35%, net sales were
To calculate the net sales of United Services and Supplies (US&S), we can use the gross profit rate and the cost of goods sold. The gross profit rate is defined as the percentage of net sales that remains after deducting the cost of goods sold.
Given that the gross profit rate is 35%, we know that 65% (100% - 35%) of the net sales is the cost of goods sold. So, we can set up the following equation:
Net sales * 0.65 = Cost of goods sold
We are given that the cost of goods sold is $335,000, so we can solve for net sales:
Net sales * 0.65 = $335,000
Dividing both sides of the equation by 0.65, we find:
Net sales = $335,000 / 0.65
Net sales ≈ $515,384.62
Therefore, the net sales of US&S would be approximately $515,384.62.
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classify each of the managers according to the type of responsibility center he or she probably manages.
There are four main types of responsibility centers, which are cost centers, profit centers, investment centers, and revenue centers.Cost centers are responsible for controlling and minimizing costs within a department or area.
Managers of cost centers are evaluated based on their ability to reduce costs while maintaining the same level of output or service.Profit centers are responsible for generating revenue and maximizing profits within a department or area. Managers of profit centers are evaluated based on their ability to generate profits and increase the overall profitability of the company.Investment centers are responsible for managing investments and generating a return on investment for the company. Managers of investment centers are evaluated based on their ability to generate a positive return on investment.Revenue centers are responsible for generating revenue for the company. Managers of revenue centers are evaluated based on their ability to generate revenue and increase the overall revenue of the company.Without more information on the specific roles and responsibilities of the managers, it would be difficult to accurately classify them according to the type of responsibility center they manage.
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outline 2 advantages to H&H of using secondary market research
emilio and dylan are studying the strengths and weaknesses of their construction business, construction concepts, as well as researching the opportunities and threats in the external environment. they are conducting a
By finding out the various strengths, weaknesses, threats and opportunities to their business, Emilio and Dylan are engaging in a SWOT Analysis of their construction business.
A SWOT analysis enables a company to find out:
Strengths - the parts of its company that set it apart and give it an advantage Weaknesses - areas that they can and should improve on to be more successful Opportunities - whatever developments in their industry that they can leverage on to become more successful Threats - things that they need to watch out for that could give them problems in the near futureThis is what Emilio and Dylan are doing and it is very important as it can allow a company to see the things it needs to do to be successful.
In conclusion, Emilio and Dylan are conducting a SWOT analysis to ensure that their business grows.
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How could virustotal be useful to users? how could it be useful to security researchers? however, could it also be used by attackers to test their own malware before distributing it to ensure that it does not trigger an av alert? what should be the protections against this?
Answer:
The answer to this question can be defined as follows:
Explanation:
VirusTotal was its online tool that scans its file for identification for virus and ransomware up to 256 Mb in the file name. You can also scan that virus scan URL/domain. Its content is examined by 70 virus protection scanners. However, it is convenient for customers who would search their files and connections to detect any file or link malicious type of virus protection.
Yeah, security experts should, of course, just use the service because it retrieves the security aspect for files and VirusTotal can scan the data.
Yeah, throughout the case of abuse of a software package, hackers can test their specific malware to insure how an AV alert is not activated, until releasing it. It will ensure that neither warning is triggered mostly by file, malicious document, or link, and thus check its material with VirusTotal.
Security must be taken from of the abuse by the perpetrators of the VirusTotal tool. Security must be in the form of even an assault that perhaps the virus model or malware ties could be uploaded or regulated throughout the VirusTotal Tool resources. So, it isn't essential to be using the VirusTotal tool.
Question 12 of 40
Eric wants a new motorcycle. He visits a local motorcycle shop and finds one
that has all the features he's looking for. The salesperson tells Eric the
motorcycle is currently selling for $2,000. Not too long ago, Eric saw that
same make and model for $1,700 at another shop. Eric suggests a price of
$1,500 for the motorcycle and they settle at $1,800. Which of these prices is
the market price?
A. $2,000
B. $1,500
O C. $1,700
D. $1,800
SUBMIT
Answer:
D. $1,800
Explanation:
The market price is the amount that a product or service trades for, as determined by demand and supply forces. It is the most current price that a good, service, or share has traded. The market price is the actual amount that can be realized when a product or service is sold.
The market price for the new bicycle is $1800. The salesperson represents the supply side, while Erick is on the demand side of the market. They agree on $1800. This price is where demand meet supply and is the market price.
Answer:
C. $1700
Explanation:
newspapers such as the new york times and the wall street journal are adapting to changes in print readership by
Newspapers such as The New York Times and The Wall Street Journal are adapting to changes in print readership by: Expanding their digital presence, Emphasizing multimedia content, Implementing paywalls and subscription models, etc
Expanding their digital presence: These newspapers have developed robust online platforms and digital subscriptions to reach a wider audience and cater to the growing demand for digital news consumption. They offer digital versions of their newspapers, mobile apps, and online subscriptions, providing readers with convenient access to news content.
Emphasizing multimedia content: To engage readers and adapt to changing consumer preferences, newspapers have incorporated multimedia elements into their online platforms. This includes incorporating videos, interactive graphics, podcasts, and other forms of multimedia content alongside traditional text-based articles.
Implementing paywalls and subscription models: To sustain their journalism and generate revenue in the digital age, newspapers have implemented paywalls that require readers to subscribe or pay for access to premium content. By offering exclusive and in-depth reporting, they incentivize readers to subscribe and support quality journalism.
Leveraging social media and digital marketing: Newspapers utilize social media platforms and digital marketing strategies to reach and engage with their audience.
Diversifying revenue streams: Newspapers are exploring alternative revenue streams beyond traditional advertising and subscriptions.
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Mankiw Ch 13 problem 1 (12 pts): Use the Mundell-Fleming model to predict what would happen to aggregate income, the exchange rate, and the trade balance under both floating and fixed exchange rates in response to each of the following shocks. A) A fall in consumer confidence about the future induces consumers to spend less and save more. B) (skip). C) The introduction of automated teller machines reduces the demand for money
A) A fall in consumer confidence about the future induces consumers to spend less and save more: Under floating exchange rates: The decrease in consumer spending will lead to a decrease in aggregate income, which causes the currency to depreciate. The depreciation will make exports cheaper and imports more expensive, which improves the trade balance.
Under fixed exchange rates: The decrease in consumer spending will lead to a decrease in aggregate income, which will cause an excess supply of the domestic currency in the foreign exchange market. To maintain the fixed exchange rate, the central bank must intervene and purchase the excess supply of the domestic currency by selling foreign currency reserves. As a result, the money supply decreases, which raises the interest rates and decreases investment. The decrease in investment causes a further decrease in aggregate income and worsens the trade balance.
C) The introduction of automated teller machines reduces the demand for money:
Under floating exchange rates: The decrease in the demand for money will lead to a decrease in the interest rates, which increases investment and aggregate income. The increase in income causes the currency to appreciate, which makes exports more expensive and imports cheaper, leading to a worsening of the trade balance.
Under fixed exchange rates: The decrease in the demand for money will lead to a decrease in the interest rates. Since the interest rate cannot fall below the fixed rate, there will be no increase in investment or aggregate income. The decrease in the interest rates will cause an excess supply of the domestic currency in the foreign exchange market, which must be intervened by the central bank. The intervention will decrease the foreign reserves, and as a result, the money supply will increase, which raises the interest rates to the fixed rate. The increase in interest rates will lead to an increase in capital inflow, which causes the currency to appreciate, and worsens the trade balance.
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Using the elements of the systems perspective, synergy can be thought of as a(n) ...........
a) form of feedback.
b) transformative process.
c) output.
d) input.
Using the elements of the systems perspective, synergy can be thought of as a(n) transformative process. Alternative b) is correct.
Synergy is the process of combining multiple parts or systems to create something that is greater than the sum of its parts. This transformative process is a key element of the systems perspective, as it recognizes the interconnectedness of different systems and how they work together to create something new and unique.
Therefore, the correct answer is option b) transformative process.
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3) Bill weighs 220 pounds and is losing 4 pounds each month. Phil weigh 250 pounds and is losing 10 pounds each month. How many months, m, will it take for Bill to weigh the same as Phil? How much will they weigh?
5 months and 200 pounds
4x5 = 20
220-20
200
10x5 = 50
250-50
200
ABC Company issued a bond with face value for $1000, paid annual 10% coupon and 3 years to maturity, what is the value of ABC bonds today if the required rate of return is 12%.
Answer:
The value of Bond = $951.963
Explanation:
The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV) discounted at the yield rate
Value of Bond = PV of interest + PV of RV
Th e PV of interest payment
A ×(1- (1+r)^(-n))/r
Interest payment = 10%× 1000 = 100
PV = 100× (1- 1.12^(-3))/0.1 = 240.183126
PV of redemption value
PV = RV× (1+r)^(-n)
PV = 1000× 1.12^(-3) = 711.7802
The value of bond = 240.18 + 711.78= 951.963
The value of Bond = $951.963
Many communities experience the tragedy of the commons. one way a local community might regulate a shared and limited resource and reduce the tragedy of the commons is to
a. eliminate ownership of the resource and make them available to all
b. reduce the cost of access of the resources
c. offer subsides to users of the resources in the form of tax breaks
d. divide the resource into parcels and assign them to individuals
The economics is prone to different kinds of problem. One way a local community might regulate a shared is to divide the resources into parcels and assign them to individuals.
The tragedy of the commons is known to be type of problem in economics. It often takes place when a person fail to perform their duties to the well-being of society and instead are in the pursuit of personal gain.This problem often leads to over-consumption and then the depletion of the common resource, to everybody's failure.
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technological advances allow smaller companies to compete with larger companies. group of answer choices true false
True, Technological advances allow smaller companies to compete with larger companies.
What is company?
A company is a legal entity created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate law of its jurisdiction, a company may be set up in a variety of ways for tax and financial liability reasons. The type of business structure a company chooses, such as a partnership, sole proprietorship, or corporation, will typically depend on the industry it operates in. The ownership structure of the business is also indicated by these structures. Additionally, they can tell private from public companies. Both have different ownership arrangements, laws, and rules regarding financial reporting.
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1. Suppose we have obtained the following regression results: ý = 12 - 6x +0.5(Male x x) + 3Male - 2Rural + 1(Rural x Male) where Male is a dummy variable that takes one for males and zero for females and similarly Rural takes one if individual lives in a rural area and zero if urban. (a) What is the equation for a female that lives in a rural area? (b) What is the equation for a male that lives in an urban area? (c) What coefficient estimates would we get if we estimated the following model instead: y = Bo+3₁x+3₂(Femalexx)+B3Female+34Urban+35(Urbanx Female) + u where Female takes a value one for females and zero for males and Urban takes a value one if individual lives in an urban area and zero if rural? (d) Using the model in part a) explain how you would test the hypothe- sis that there is no differences across gender (while still allowing for differences across regions) in the relationship between y and x in the two areas, that is, explain how to do a Chow Test. Describe all the steps in performing this test, the hypothesis being tested, the models, the regressions you need to do, the test statistic used and how to get the corresponding critical value.
ý = 12 - 2Rural. ý = 12 + 0.5 + 3. Coefficient estimates would remain the same as in the original model. Perform separate regressions for rural and urban areas, calculate SSR, and use Chow Test statistic for hypothesis testing.
To test the hypothesis of no differences across gender in the relationship between y and x in the two areas, we would perform separate regressions for rural and urban areas. Then, calculate the sum of squared residuals (SSR) for each regression. The Chow Test statistic, which compares the SSR from the separate regressions to the SSR from the combined regression, can be used to test the hypothesis. The critical value for the test can be obtained from the F-distribution table. If we estimate the model y = Bo + 3₁x + 3₂(Femalexx) + B3Female + 34Urban + 35(Urbanx Female) + u, the coefficient estimates would remain the same as in the original model, as the coefficients represent the same relationships between the variables.
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Question 11 of 16 : Select the best answer for the question. 11. Customers of a popular shoe store chain can purchase items in-store and online or via their mobile app. The customer also receives texts and emails about current promotions and sales. This is an example of:
The scenario describes a popular shoe store chain that allows its customers to purchase items through various channels such as in-store, online, and via their mobile app. Additionally, the customers are receiving texts and emails about current promotions and sales.
This scenario is an example of an omnichannel retail strategy. An omnichannel retail strategy refers to a seamless and integrated approach to retail that focuses on providing a consistent and personalized shopping experience across all channels, whether in-store, online, or via mobile devices.
By allowing customers to purchase items through multiple channels, the shoe store chain is providing convenience and flexibility to its customers. Furthermore, by sending texts and emails about current promotions and sales, the shoe store chain is engaging with its customers and keeping them informed about new products, sales, and discounts.
In conclusion, the scenario provided is an excellent example of an omnichannel retail strategy that provides a seamless and personalized shopping experience to customers. By using multiple channels to engage with customers and offering various purchasing options, the shoe store chain is providing a convenient and enjoyable shopping experience to its customers.
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in a quiz for Marks and given for correct answer and negative marks are given for incorrect answer if Jacks score 20 five successive rounds 25,-5,-10,15 and 10, what was total at the end
Answer:
35
Explanation:
I believe he has 35 marks at the end but I could be wrong.
What sum of money will grow to $2443.96 in nine years at 7.8% compounded semi-annually? The sum of money is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
We may use the compound interest calculation to get the amount that will increase to $2443.96 in nine years at a compound interest rate of 7.8% compounded semi-annually:
A = P(1 + r/n)nt
Where: A = the investment's future worth ($2443.96 in this case),
P stands for the primary (or initial payment).
r = the yearly interest rate (0.078 in decimal notation, or 7.8% annually).
(Semi-annually, thus 2) n is the number of compounding periods every year.
9 years are represented by the numeral t.
Let's figure out P.
2443.96 = P(1 + 0.078/2)^(2*9)
2443.96 = P(1.039)^18
P = 2443.96 / (1.039)^18
We calculate P to be $1221.82 (rounded to the nearest penny) using a calculator.
Consequently, the amount that will increase to $2443.96 in nine years at a 7.8% compounded growth rate
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The monopolist produces an output that is __________ the perfectly competitive industry would produce.
Answer:
charge more than a firm in a competitive market. to to Monopoly Production:
If the dollar depreciates in value against most other countries over the next year, what will the impact be on 3M?
If the dollar depreciates in value against most other countries over the next year, 3M will likely face some challenges in maintaining profitability due to the impact on foreign earnings and expenses.
If the dollar depreciates in value against most other countries over the next year, 3M will likely face a negative impact. This is because the majority of 3M's revenue is generated from outside of the United States. A weaker dollar means that 3M's foreign earnings will be worth less when converted back into U.S. dollars.
This could result in lower profits for 3M, as the company will have to spend more money to acquire the same amount of foreign currency to cover expenses in other countries. Additionally, the depreciation of the dollar may also make it more expensive for 3M to import goods and materials from overseas.
On the positive side, a weaker dollar could make 3M's products more affordable for foreign consumers, potentially boosting sales. However, the negative impact on profits from foreign earnings may outweigh any potential benefit from increased sales.
In summary, if the dollar depreciates in value against most other countries over the next year, 3M will likely face some challenges in maintaining profitability due to the impact on foreign earnings and expenses.
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In a multinational business strategy, the ______ business function is decentralized, dispersed to foreign units. A. production. B. sales/marketing
In a multinational business strategy, the sales/marketing function is decentralized and dispersed to foreign units.
In a multinational business strategy, the sales/marketing function is often decentralized and dispersed to foreign units. This means that the responsibility for sales and marketing activities, including market analysis, advertising, promotions, and customer relationship management, is shifted to individual foreign units or subsidiaries.
Decentralizing the sales/marketing function allows multinational companies to adapt their marketing strategies and tactics to the specific needs and preferences of local markets. It enables the foreign units to have a better understanding of the local market dynamics, customer behavior, cultural nuances, and regulatory requirements. By having local sales and marketing teams, multinational companies can tailor their products, pricing, distribution channels, and promotional activities to maximize their effectiveness in each market.
This decentralization also empowers the foreign units to make independent decisions and respond more quickly to local market changes and opportunities. It facilitates a more localized approach to sales and marketing, promoting better customer engagement and market penetration. However, coordination and alignment with the overall global marketing strategy and brand image are still important to maintain consistency and leverage synergies across markets.
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Suppose that demand increases and supply decreases . furthermore, assume that demand is:_______
Suppose that demand increases and supply decreases. In this scenario, demand is "shifting to the right."
When demand increases, it means that consumers are willing and able to purchase a higher quantity of a product or service at a given price. This shift can occur due to various factors, such as changes in consumer preferences, increased income levels, or improved economic conditions. When demand shifts to the right, it indicates an upward movement along the demand curve, reflecting a higher quantity demanded at each price level.
On the other hand, when supply decreases, it means that producers are supplying a lower quantity of the product or service at a given price. Supply can decrease due to factors like increased production costs, scarcity of resources, or disruptions in the supply chain. A decrease in supply leads to a leftward shift of the supply curve, indicating a lower quantity supplied at each price level.
The simultaneous increase in demand and decrease in supply can result in a market imbalance, leading to higher prices and a potential shortage of the product or service. This situation typically creates an opportunity for businesses to increase their revenue and profitability, but it can also present challenges in meeting the increased demand and maintaining customer satisfaction.
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economic problem you face as an individual
Answer:
I'm spending WAY too much money on my favorite snack which are purple Doritos. / The Dorito company is having a huge shortage of my favorite snack which are the purple Doritos and I don't know what to do!
Explanation:
Remember what economics is when you are asked this question. Economics basically are along the lines of distribution and consumption of goods could mean internationally or it could just mean in your state. If you have a favorite snack that you like to buy from stores whenever you go to them, you buying and taking that snack is basic economics, you have a demand for that product because you like it so much, and they (owners of the snack) have a supply of that demand so you then spend money (currency) in order to get that demand or snack which is basic economics. A problem in this scenario would be you spending too much money on your favorite snack, or the supplier of that snack is having a shortage and you can't buy your favorite snack as much as you want.
Hope this helps.
Answer:
The imbalance between production, distribution and consumption generates various phenomena that affect the economy; some of them are unemployment, shortages, overproduction, devaluation, inflation, indebtedness and damage to the environment.
Explanation:
What is one method that helps control online fraud? O A. Deleting odd emails before reading B. Reporting odd emails to police • C. Reporting odd emails as spam • D. Signing into email in many locations
Answer: C. Reporting odd emails as spam
Explanation:
rubber and steel company is planning manufacturer a new products. the variable cost will be$51 per unit& fix unit be$5850.selling price be $133 per unit. variable selling expense is $17 per unit.
find the contribution margin in per unit is $
contribution rate
break even point
break even point in sales dollars
The contribution margin per unit is $65. The contribution rate is 48.87%. The break-even point is 90 units. The break-even point in sales dollars is $11,970.
What is the contribution margin per unit?The contribution margin per unit is calculated by subtracting the variable cost per unit and the variable selling expense per unit from the selling price per unit. In this case, the selling price per unit is $133, the variable cost per unit is $51, and the variable selling expense per unit is $17. Thus, the contribution margin per unit can be calculated as follows:
Contribution Margin per Unit = Selling Price per Unit - Variable Cost per Unit - Variable Selling Expense per Unit
Contribution Margin per Unit = $133 - $51 - $17
Contribution Margin per Unit = $65
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Shirley Lach and Lynwood wiseman formed Man O’ war Limited Partnership
In 1986, Shirley Lach and her then husb-and, Lynwood Wise-man, formed Man O’War Limited Partner-ship for the purpose of leasing real property and devel-oping and operating shop-ping centers.
Robert Miller be-came a general partner along with Wiseman. Lach was one of 8 limited partners. The partners’ owner-ship percentages were Miller, 1%, Wiseman, 32%, Lach, 27%, Jonathan Miller, 9%, Harry B. Miller, 12%, Harvey Morgan, 1 percent, Penny Mill-er, 3 percent, Jeffery Mullens, 1%, Jennifer Miller, 9%, and Sophie Wiseman, 5%. Wiseman, Lach, and Robert Miller also form-ed M.O.W. Place, Ltd., to lease a shop-ping center from the joint venture. In 1988, Wise-man and Lach were divorced, but cont-inued in business together.
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