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1 year ago

(05.02 MC)

1 answer:

6 0

The correct option is A. Revenue accounts include the sales accounts after deducting all the expenses from sales accounts a credit balance of $1,415.00 is shown in the revenue and expense account.

What is Revenue Expenditure?

Revenue Expenditure is such expenditure that is incurred during the normal course of business by the company that generally benefits from that expenditure of a year or less than a year.

Given, Sale =$3230

Advertising Expense = $765

Communication Expenses = $150

Rent = $900

Caculation of Income

Income = Sale - Expenses

= $3.230-$765-$150-$900

=$1415.00

Thus, after calculating the Income summary is shown a credit balance of $1415.00

Learn more about Revenue Expenditure here:

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Answer:

Judy may deduct $54,000 of the net losses.

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2 years ago

Suppose a tax of $4 per unit is imposed on a good, and the tax causes the equilibrium quantity of the good to decrease from 2,00

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Answer:

option (c) $600

Explanation:

Given:

Tax = $4 per unit

Initial equilibrium quantity = 2,000 units

Final equilibrium quantity = 1,700 units

Decrease in consumer surplus = $3,000

Decrease in consumer surplus = $4,400

Now,

Deadweight Loss is calculated using the formula:

Deadweight loss

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on substituting the respective values, we get

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Hence,

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Sabv Corporation's break-even-point in sales is $840,000, and its variable expenses are 75% of sales. If the company lost $34,00

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Answer:sales must have amounted to:$704,000

Explanation:

Contribution ratio = Sales ratio - Variable cost ratio

= 100%- 75%

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Sales to break even = Fixed expenses / Contribution margin ratio

Therefore,

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=$840,000 x 25%

=$210,000

Contribution margin can also be calculated as

Fixed expenses- Operating loss

=$210,000 -$34,000

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