Answer:
c. 10%
Explanation:
Margin of safety is the sales value at which the business is safe from making loss. It measures the profit after the break-even point. The sales over the break-even point is considered as the margin of safety.
Margin of safety = Actual Sales - Break-even point = 12,500 units - 11,250 units = 1250 units
Percentage of margin of safety to sales = Margin of safety / Actual sales
Percentage of margin of safety to sales = 1,250 / 12,500
Percentage of margin of safety to sales = 0.10
Percentage of margin of safety to sales = 10%
Answer:
Increasing Canadian GDP:
-Toyota, a Japanese company, manufactures cars in Toronto, Ontario.
-ATI Technologies, a Canadian company, operates in Alberta.
Increasing American GDP:
-Toyota, a Japanese company, manufactures cars in San Antonio, Texas.
-Starbucks, a U.S. company, opens stores in New York state.
-Tim Horton's, a Canadian company, opens coffee shops in New England.
Explanation:
Gross domestic product (GDP) is the sum of all final goods and services produced in an economic space for a certain period, usually one year, excluding the intermediate consumption used in production. Until the 1980's, the use of Gross National Product (GNP) was preferred, a measure almost identical to GDP but incorporating goods and services produced by external factors. The variation in this macroeconomic magnitude is often used to measure economic growth.
I am not entirely sure what a performance test is, but I can help with the others. A polygraph is a machine, used usually if you are in legal trouble, to see if you are lying. While results aren't 100% accurate, you typically can get a gage for if someone committed a crime. They are also rarely used for interviews, some companies want to see if people are lying on their resumes. Drug tests are tests that are given to most people with a job, and especially sports players. Companies especially like to test people for drugs, to see if they might be on an illegal drug that could cause them to work less efficiently. It also is a liability issue for the company if an employee is on an illegal drug. Drug tests are typically done at a lab, and you usually have to pee in a cup and have it get tested.
Answer:
a. Journal entry to record music lesson
Date Account title and Explanation Debit Credit
October Cash $12,500
Service revenue $12,500
(To record music lesson for cash)
b. Journal entry to record prepaid insurance purchase
Date Account title and Explanation Debit Credit
October Prepaid insurance $3,660
Cash $3,660
(To record prepaid insurance paid for next year)
c. Journal entry to record musical equipment purchased
Date Account title and Explanation Debit Credit
October Equipment $15,500
Cash $15,500
(To record musical equipment purchase for cash)
d. Journal entry to record
Date Account title and Explanation Debit Credit
October Cash $21,000
Notes payable $21,000
(To record loan taken by signing a note)
Answer:
c. Jonathan, who segregates tasks and classifies them based on priority needs
Explanation:
Time management entails planning and controlling how much time one spends to undertake assigned tasks. Good time management skills increase one's efficiency and productivity.
Phone calls should be scheduled during less productive hours. One should delegate tasks where possible to enable timely completion. It is important to undertake one task at a time in order to be efficient. Tasks should be undertaken based on priority.
Therefore, options a,b and d are incorrect and option c is correct.
