Answer:
It would need to charge at least 66,960 to break even.
But it should offer his normal fee
Explanation:
Sales revenue 736,000
Cost Labor (466,000)
Lease (49,300)
Rent (42,400)
Supplies (32,300)
Tom salary <u> (73,500) </u>
Operating profit 50,500
increase in labor cost 58,800
increase in lease 4,930
supplies increase 3,230
the rent is a fixed cost, it would not change.
Total incremental cost: 66,960
It would need to charge at least 66,960 to break even.
Anyway, Tom should offer their normal fee as this job takes responsabilities and use Tom capacity to attend other client as it would invest time on this store rather than other projects
Answer:
a. Prepare the journal entries to record the share issuances.
- Dr Cash 500,000
- Cr Preferred stocks 200,000
- Cr Additional paid in capital - preferred stocks 300,000
- Dr Cash 160,000
- Cr Common stocks 160,000
b. Prepare the journal entry for the issuance of the common stock assuming that it had a stated value of $10 per share.
- Dr Cash 160,000
- Cr Common stocks 80,000
- Cr Additional paid in capital - common stocks 80,000
c. Prepare the journal entry for the issuance of the common stock assuming that it had a par value of $2 per share.
- Dr Cash 160,000
- Cr Common stocks 16,000
- Cr Additional paid in capital - common stocks 144,000
Answer:
Here are some reasons why marketers fail to run successful campaigns on LinkedIn:
- Not Defining & Refining Audience
- Reaching out to prospects with the wrong message
- You’re Sending Sales-Pitch in Your First Interaction
- You Want Results Quickly
Answer:
The correct answer is A
Explanation:
Direct cost is the cost or an expense which is directly tied to the production of the particular goods and services. It is usually variable costs, which means that the cost will fluctuate with the levels of the production like inventory.
Examples of direct costs are manufacturing supplies, direct labor, commissions, direct materials and piece rate wages.
So, the example of the direct costs for the service offered through accounting firm is the labor of the staff accountant who make the returns.
