Answer:
The remaining part of the question is:
Round up to the newest whole unit.
OA . 3,572 units
OB. 4,000 units
OC. 3,935 units
OD. 5.269 units
Correct Answer:
OC. 3,935 units
Explanation:
Current sales 2000000 = 4000*500
Less: Variable costs 880000 = 4000*220
Less: Fixed costs 1000000
Current operating income 120000
Fixed costs 1080000 =1000000+80000
Add: Operating income 120000
Required Contribution margin 1200000
Divide by Contribution margin per unit 305 =525-220
Units to be sold 3935
<u>In the case mentioned in the question the seller's broker violated their fiduciary obligation to the seller because they have acted in excess /beyond their authority</u>
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Explanation:
A broker who is representing the seller has taken a listing on a property at a price of $400,000. The broker showed the property to a potential buyer and the buyer made an offer of $375,000, but told the broker that he/she would pay the full $400,000 if necessary.
After analysis the below mentioned statement from the question we can view the following facts
- The price of the property is $400,000
- The broker on belhalf of the seller agrees to sell the property to the buyer at $375,000 which is less than the listing price of the property .
Hence we can say that <u>the seller's broker violated their fiduciary obligation to the seller because they have acted in excess /beyond their authority</u>
Answer:
it kike some part of your business is at risk
jus gave it a try
Answer:
The Tax is a lump-sum which means that it does not change by output. It is therefore a fixed cost.
Average Fixed Cost ⇒ INCREASE
The new tax would increase the fixed costs which would lead to an increase in the average fixed costs.
Average Variable Cost ⇒ UNCHANGED
The tax is a fixed cost not a variable cost which means variable costs will not be affected.
Average Total cost ⇒ INCREASE
Fixed costs is a part of total cost and if that increases, the total cost will have to increase as well.
Marginal Cost ⇒ UNCHANGED
As the cost that changed is a fixed cost, the total cost will not change as a result of more production so marginal cost will not change.
Answer:
To reverse the transaction, the journal entry is:
Date Account title Debit Credit
March 4, 2021 Accounts receivable - Megan Gray $5,800
Allowance for doubtful accounts $5,800
To record the receipt of cash:
Date Account title Debit Credit
March 4, 2021 Cash $5,800
Accounts receivable - Megan Gray $5,800