Answer:
Thus Option A is correct. $25,120
Explanation:
S1 = 8000+0.25(14400+0.30(S1))
S1 = 8000+3600+0.075(S1)
S1 = $12,540 = $11,600 / 0.925
S2 = $18,162 = $14,400 + 0.30 ($12,540)
$25,210 = $16,000 + 0.30 ($12,540) + 0.30 ($18,162)
Answer:
Net operating income= $26,140
Explanation:
Giving the following information:
Fixed costs= $23,000
The contribution margin ratio is 63%.
Sales= $78,000
<u>First, we need to calculate the contribution margin:</u>
Contribution margin= contribution margin ratio*sales
Contribution margin= 0.63*78,000
Contribution margin= 49,140
Net operating income= 49,140 - 23,000= $26,140
Answer:
The adjusting entry at the end of the year will include a credit to allowance for doubtful accounts in the amount of $910.
Explanation:
Allowance for Doubtful Accounts balance should be Credit balance, Since we have $120 debit balance and want to create $790 Allowance for Doubtful Accounts credit balance we have to credit Allowance for Doubtful Accounts by ($790 + $120 = $910) to get Allowance for Doubtful Accounts $790 Credit balance.
Therefore, The adjusting entry at the end of the year will include a credit to allowance for doubtful accounts in the amount of $910.
<span>Anthony family averages $10/day per person. But $300/mo is over 15% of Anthony's income. Not sure if that's too high for the teacher.</span>
The <u>economy </u>is the sum total of business activity in an area.
<h3>What is the economy?</h3>
The economy of a country is its status in relation to the production and utilization of goods and services, as well as the supply of money.
This domain includes the:
- Production,
- Distribution, and
- Trading of products and services by various agents.
The economy is described broadly as a social domain emphasizing the activities, discourses, and material manifestations linked with the creation, use, and administration of scarce resources.
Learn more about the Economy here:
brainly.com/question/1690575