Answer:
1,231,000 units
Explanation:
Given that,
Fixed costs = $274,950
Selling price = $9.30 per unit
Unit variable cost = $7.85
Target net income = $1,510,000
Contribution margin:
= Sales per unit - Variable cost per unit
= $9.30 - $7.85
= $1.45
Target Contribution margin:
= Fixed costs + Target income
= $274,950 + $1,510,000
= $1,784,950
Units to be sold:
= Target Contribution margin ÷ Contribution margin
= $1,784,950 ÷ $1.45
= 1,231,000 units
Answer:
Accuracy
Explanation:
If the information is not accurate then it can not be relied upon. The information must be reliable, for that the information must be accurate. If the information is incorrect then it will affect the operations of the company. Nowadays online accounting software has enabled us to increase the accuracy of the items being recorded.
Answer:
conspicuous consumption
Explanation:
The term conspicuous consumption was first introduced by a Norwegian-American economist and sociologist known as Thorstein Veblen in 1899. Conspicuous consumption refers to the practice whereby expensive goods or services are purchased by certain people at an outrageous cost just for the sake of display of flamboyant lifestyle or wealth for recognition purpose rather than for the very basic need the goods or services meet. It is simply an act of wasteful spending on goods or services that other people of that social class on a normal day cannot afford to pay such expensive price for.
The case of Hope is simply a kind of conspicuous consumption as she doesn’t mind emptying her credit card to afford the luxury of the new designer purse just for the purpose of public display among her social class.
I'd say choice A is the most important because you want to seem like a good, responsible employee
Answer:
(a) Issued $50,000 par value common stock for cash = Financing Activities
b) Purchased a machine for $30,000, giving a long-term note in exchange. Financing Activities = Non-cash Investing and Financing Activity
(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000 = Non-cash Investing and Financing Activities
(d) Declared and paid a cash dividend of $18,000 = Financing Activities
(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash = Investing Activities
(f) Collected $16,000 from sale of goods = Operating Activities
Explanation:
The Cash flows related to raising of capital is known as Cash flow from Financing Activities.
The Cash flows related to growing and selling of Assets of the business is known as Cash flow from Investing Activities.
The Cash flow related to trade in Ordinary course business of the Company is known as Cash flow from Operating Activities.