Answer:
D. Salaries and Wages Expense 530
Advertising Expense 910
Cash 1440
Explanation:
Salaries and wages expense, and advertising expense, are expenses, therefore, when they increase, they are debited.
Cash is an asset account, when it decreases, as in this case, it is debited.
The entry would be:
Account Debit Credit
Salaries and Wages Expense 530
Advertising expense 910
Cash 1440
enforceable, legality
For a contract to be enforceable it must meet the requirement of legality and both the subject matter and the performance of the contract must be legal
An agreement to be a contract must establish a duty that is enforceable by law by the provisions of contract laws. Any arrangement that does not provide for enforceability—that is, one in which the parties cannot seek redress in court for breach of the agreement s not a contract. To create legality in a relationship, the contract must have intent. It happens when the parties are aware that each of them is responsible for the contract's failure if they fail to keep their part of the contract.
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Answer:
never
Explanation:
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.
Answer:
the selling price per unit is $95
Explanation:
The computation of the selling price per unit is shown below:
Selling price per unit is
= Total cost ÷ break even points
where,
Total cost is
= Variable cost + fixed cost
= $60,000 + $35,000
= $95,000
And, the break even point is 1,000 units
So, the selling price per unit is
= $95,000 ÷ 1,000 units
= $95
Therefore, the selling price per unit is $95
Answer: $36 billion
Explanation: In this scenario the total national income formula is manipulated so that the wages figure is deduced. Total national income, also known as gross national income (GNI), is the total amount of cash earned by a country's businesses and individuals. It also forms part of the gross domestic product (GDP) formula. It is cacluated as follows:
Total national income = rent + interest + profits + wages
Total national income forms a part of the GDP formula in the following way:
GDP = Total national income + net foreign factor income + sales taxes + depreciation
Because none of the other GDP figures have been given, they fall away in this scenario. This means that when manipulated so that the wages figure is deducted, the final answer is as follows:
65 billion (GDP) = $7 billion (rent) + $15 billion (interest) + $7 billion (profits) + wages
∴Wages = $65 billion (GDP) - $7 billion (rent) - $15 billion (interest) - $7 billion (profits)
= $36 billion
