True. Advertising seeks to positively influence your opinion of the product or service it's selling.
Answer:
The correct answer is option d.
Explanation:
The fixed costs incurred in the production process of a good or service is the cost incurred on the fixed factors. These factors cannot be varied in the short run.
Fixed cost does not depend on the level of output. It does not change with the change in the volume of output.
In the given example, the cost incurred on the composition typesetting and jacket design for the book does not change with the volume of output. So these costs are the foxed cost involved in publishing a book.
Answer:
70% paid in the month of expenses and remaining paid in next month i.e. (78,400 - 10,000) * 70% = 47,880. (78,400 - 10,000) * 30% = 20,520.
Explanation:
Answer and Explanation:
The Journal entry is shown below:-
1. Accounts receivable Dr, $8,380
To sales revenue $8,380
(Being credit sales is recorded)
For recording the credit sales we simply debited the accounts receivable and credited the sales revenue)
2. 7% Notes receivable Account Dr, $8,380
To Accounts receivable $8,380
(Being settlement with the account is recorded)
For recording the settlement with the account we simply debited the 7% Notes receivable and credited the accounts receivable.)
Amount of money spent per day = $1800
Cost of overhead expenses per day <span>for labor and materials </span>= $9
Selling price of each camera = $18
a. Let us assume the number of cameras manufactured per day = x dollars
Then
Cost of cameras sold in 1 day = 18x
So
18x = 1800 + 9x
18x - 9x = 1800
9x = 1800
x = 200
From the above deduction, we can conclude that the number cameras sold per day is 200
b. Daily selling amount of 250 cameras = 250 * 18
= 4500 dollars
Daily manufacturing price of 250 cameras = 1800 + (9 * 250)
= 4050 dollars
Then
Daily profit = 4500 - 4050
= 450 dollars
