Answer:
given statement is false
Explanation:
increase in sale = 10 %
so here total sale is
sale = $5 million + 10%
sale = $5.5 million
and
cash sale is
cash sale = $5.5 million × 90%
cash sale = $4.95 million
so
credit sale is here as
credit sale = $5.5 million - $4.95 million
credit sale = $0.55 million
so here credit sale 0.5 million increased to 0.55 million
so 10% increase
hence regardless increase in cash sale is increase
so given statement is false
Answer:
The amount incurred by Charles division in the direct fixed cost is $20,250
Explanation:
The computation of the amount incurred in the direct fixed cost is shown below:
Direct fixed cost is
= Charled fixed cost - common fixed cost ÷ 2
= $170,700 - ($300,900) ÷ 2
= $170,700 - $150,450
= $20,250
hence, the amount incurred by Charles division in the direct fixed cost is $20,250
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
See explanation section
Explanation:
We know, 3/10, n/30 means the customer will get 3% discount if he/she gives the payment within 10 days, however, he/she has to pay the money within 30 days.
As Snell company sold the products on April 1, and received the payment on April 8, the company gave a 3% discount to customer. As there is discount, the financial statements will be as follows:
Income statement
Sales = $50,000
Less: Sales discount = (1,500)
<u>$50,000 × 3% </u>
Net sales $48,500
Answer:
b. the secondary market.
Explanation:
The secondary market is the market in which the securities are offered and sold which are previously issued by the company. No new securities are to be offered to the investors this case refer to the primary market in which the initial public offer is made i.e. new securities are offered to the general public
Therefore in the given case, the correct option is b. the secondary market
The price of turkey didn't necessarily go up, but if demand rose then so did the price.