Answer:
regular - 32,000
ultra - 64,000
Explanation:
Please find the remaining part of this question in the attached image
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / price – variable cost per unit
Contribution margin :
Regular = 22 - 8 = 14
Ultra = 25 - 8 = 17
weighted contribution margin = (1/3 x 14) + (2/3 x 17) = 16
Firms breakeven = $1,536,000 / $16 = 96,000
Regular's breakeven = 1/3 x 96,000 = 32,000
Ultra's breakeven = 2/3 x 96,000 = 64,000
Answer:
C- Should be corrected as soon as they are discovered
Explanation:
If error occur in recording process they should be corrected as soon as they are discovered although the errors are usually unintentional mistakes made when recording . Small recording errors might cause major distortions in the overall figures.
Although the suspense account is the main method used to detect errors that cause discrepancies between the debit and credit balances of the trial balance in which
Adjusting entries are posted in the general ledger to correct errors detected in the trial balance.
Answer: Option (d) is correct.
Explanation:
Correct option: All of the above are correct.
In a perfectly competitive market, there are large number of buyers and sellers. Price and demand of the commodities are determined by the market forces. All the firms in a competitive market are price taker.
Any single firm cannot influence the market price. If a single firm tries to increase their price by a small amount, will lose all of its product demand to other firms. This is because of the competition among the firms.
<span>The price of the smartphone will decrease. Users need smart phones having greater memory power. Present market demands more money with increased memory power. If the price of memory chips decrease naturally the companies will increase the memory power of phones and will lead to decrease in the price of the smartphones.</span>
During recessions investment falls by a smaller percentage than GDP.
Answer: Option B
<u>Explanation:</u>
GDP is the gross domestic product of the country which talks about the growth rate of the country. During the time of recession in the trade cycle, the GDP of a country falls down.
The recession also sees the falling down of the demand, income, investment and so on. But during the time of recession, the fall in investment by the citizens of the country in various assets is less than the fall in the GDP of the country.
