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3 years ago

A small business can thrive, even in a bad economy. True False

Business

2 answers:

just olya [345]3 years ago

3 0

I'm pretty sure it's true.

Rainbow [258]3 years ago

3 0

False because it wouldn't make sense for a small business to thrive if it has a low economy (money)

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Case Study: Melanie’s Breakeven Analysis Melanie is considering opening a not-for-profit child care and education center and wan

aliina [53]

Answer:

$800

Explanation:

Calculation for how much would she need to charge per month for tuition in order to break even

Using this formula

Amount to charge to break even=[(Monthly Fixed Costs+Salary and Benefits Costs+Estimated Food Costs)÷Number of Children Served]

Let plug in the formula

Amount to charge to break even=[($4,000+$7,000+$1,000)÷15]

Amount to charge to break even=$12,000/15

Amount to charge to break even=$800 per month

Therefore the amount she would need to charge per month for tuition in order to break even will be $800

6 0

3 years ago

Ready Company has two operating (production) departments: Assembly and Painting. Assembly has 150 employees and occupies 44,000

Sedaia [141]

Answer:

A) $48,000

Explanation:

Assembly Painting Total

150 employees 100 employees 250 employees

44,000 square feet 36,000 square feet 80,000 sq. feet

Administration expenses $80,000

= 150 x $320 = $48,000 = 100 x $320 = $32,000

Maintenance expenses $100,000

= 44,000 x $1.25 = $55,000 = 36,000 x $1.25 = $45,000

administration expenses = $80,000 allocated based on workers, $80,000 / 250 employees = $320 per employee

maintenance expenses = $100,000 allocated based on square feet, $100,000 / 80,000 sq. feet = $1.25 per sq. feet

7 0

3 years ago

For each of the following items before adjustment, indicate the type of adjusting entry (prepaid expense, unearned revenue, accr

igor_vitrenko [27]

Answer:

See explanation

Explanation:

(a) Assets are understated - If we do not adjust accrued revenue, the assets are understated. For example - if we do not add any outstanding rent revenue, the assets will become understated.

(b) Liabilities are overstated - If we do not adjust unearned revenue, the liabilities are overstated. For example - if we do not deduct any expired unearned revenue, the liabilities will become overstated.

(c) Liabilities are understated - If we do not adjust accrued expense, the liabilities are understated. For example - if we do not add any outstanding rent expense, the liabilities will become understated.

(d) Expenses are understated - If we do not adjust accrued expense and prepaid expense, the expenses are understated. For example - if we do not add any outstanding rent expense and expired prepaid expenses, the expenses will become understated.

(e) Assets are overstated - If we do not adjust prepaid expense, the assets are overstated. For example - if we do not deduct any expired prepaid insurance, the assets will become overstated.

(f) Revenue is understated - If we do not adjust accrued revenue and unearned revenue, the revenue is understated. For example - if we do not add any outstanding rent revenue and expired unearned revenue, the revenue will become understated.

3 0

3 years ago

Bibby Auto Shop uses a normal job-costing system to allocate overhead on the basis of labour hours. For the current year, Bibby

geniusboy [140]

Answer and Explanation:

The journal entry is shown below:

Overhead $4,700

Cost of goods sold $4,700

(Being overapplied overhead is closed)

Here the overhead is debited as it increased the expenses and credited the cost of goods sold as it decreased the expense

8 0

2 years ago

Break-even sales and sales to realize operating income For the current year ended March 31, Cosgrove Company expects fixed costs

Anna11 [10]

Answer:

a. 80,000 units

b. 95,000 units

Explanation:

The computation is shown below:

a.The anticipated break-even sales (units) is

As we know that

Break even point in units = Total fixed cost ÷ Contribution margin per unit

= $27,600,000 ÷ $345

= 80,000 units

Where,

Contribution margin per unit = Selling price per unit - Variable cost per unit

= $1,150 - $805

= $345

b. The units for realize operating income is

Unit sales for target profit = (Fixed expense + Target profit) ÷ Contribution margin per unit

= ($27,600,000 + $5,175,000) ÷ $345

= $32,775,000 ÷ $345

= 95,000 units

3 0

3 years ago