Answer:
14,000 units
Explanation:
By the use of the cost volume analysis concept, the break-even point is obtained by dividing fixed costs by contribution margin per unit.
in this case,
fixed costs are $98,000
contribution margin per unit??
CM per unit = selling cost per unit - variable cost per unit
=$12- $5
contribution margin = $7 per unit
break-even point= $98,000/ $7
break -even = 14,000 units
Answer:
A. True
Explanation:
As per the given situation, if the yield curve is sloping upwards, it indicates that short-term interest rates are smaller than long-term interest rates.
In this case the bonds have an opposite relationship between the bond price and interest rates and If the short-term rates are lower then the value of the short-term bonds which includes the current liabilities, is higher. Short term bonds are loans to be settled in one.
As we know that
Current ratio = Current assets - Current liabilities
Current liabilities include short-term debt, hence the short-term value is higher as a result of a low current ratio.
Therefore the given statement is true
Answer:
b) Income is allocated on a pro rata basis
Explanation:
A partnership is an agreement between two or more people to oversee a business and share in the profit and losses made by the business.
In a partnership when income comes in it is shared.on a pro rata basis.
This means income is given based on the level of ownership of the business.
For example a partner that has 60% ownership of the partnership is expected to collect 60% of the business income.
Pro rata is also called proportional rate.
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