Danger Mouse Inc. sells $1,300 worth of equipment to Matador Company. The effect of cash on the elements of the Matador Company's fundamental accounting equation is that the total assets remain unchanged.
How much are total assets?
- Current assets and non-current assets, often known as fixed assets, are divided up into total assets.
- Short-term assets known as current assets are utilised to cover current liabilities.
- Long-term assets known as fixed assets are employed by businesses to produce revenue and profits.
- This transaction results in a $1,300 drop in the cash balance and a $1,300 rise in fixed assets, leaving the total assets unchanged.
- The entry is as follows:
General Journal Debit Credit
Equipment $XX
Cash $XX
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Answer:
1.
Selling Price $156
2.
Variable cost $101.25
Break-even 9,500 units and $1,482,000
Explanation:
Compposit unit unit is a unit made according to the propostion to sale. Different products are combined to make a sales mix for composit unit.
1.
Selling price per composit unit = [ ( 7 x 111 ) + ( 3 x 261 ) ] / 10 = 1560 / 10 = $156
2.
Variable cost per composit unit = [ ( 7 x 68 ) + ( 3 x 180.5 ) ] / 10 = 1,017.5 / 10 = $101.75
Contribution per composit unit = Selling Price - variable cost = $156 - 101.75 = $54.25
Break-even Point = Total Fixed cost / Contribution per unit = $515,375 / 54.25 = 9,500 units
Break-even Point ($ value )= 9,500 x 156 = $1,482,000
Answer:
a. By helping advertisers deliver relevant advertising as people browse the web
Explanation:
Based on the data collected from people on your likes and dislikes, the consumers are linked with ads that is thought to be favourable to them and hopefully more favourable to the advertiser.
B. Mortgage
Secured loans are protected by an asset of collateral of some sort. So the answer would be mortgage because the finance company will hold the deed until the loan is paid in full including interest.
