<span>__At-risk______ compensation is pay that varies depending on specified conditions such as the general profitability of the company, revenue, or individual performance targets.</span>
Answer:
5,000
Explanation:
Variable cost per unit = $250
Sales price would be set at twice the VC/unit
Therefore, Sales price = 2 × $250
= $500
Fixed costs = $750,000
If operating income of $500,000 or more is expected
Let the sales volume be y, then
500y - 750,000 - 250y = 500,00
250y = 750,000 + 500,000
250y = 1,250,000
y = 1,250,000/250
y = 5,000
Minimum sales volume to have an operating income of $500,000 or more is 5,000.
Answer:
Dr. Cr.
December 31
*Securities FV adjustment $6,000
Unrealized Gain $6,000
January 3
Cash $4,000
Securities FV adjustment $1,000
Trading Securities $3,000
* Securities FV adjustment is a sub asset account of trading securities.
Explanation:
Trading security are reported on its fair market value at each period end. The gain or loss should be recorded.
Dec 27, Purchase price = $66,000
Dec 31, Fair value = $72,000
Unrealized gain = $72,000 - $66,000 = $6,000
Most loan officers need a bachelor’s degree and receive on-the-job training. Mortgage loan officers must be licensed. Loan officers typically need a bachelor’s degree, usually in a field such as business or finance. Because commercial loan officers analyze the finances of businesses applying for credit, they need to understand general business accounting, including how to read financial statements.
Some loan officers may be able to enter the occupation without a bachelor’s degree if they have related work experience, such as experience in sales, customer service, or banking.
