The information given show that the thing that will happen to the composite break-even point is that there'll be an increase in dollar sales to break even.
<h3>What is break even point?</h3>
It should be noted that a break even point simply means the point where the total revenue and the total cost are equal.
In this case, a shift in sales mix from high contribution margin to a low one has an effect. This raises the dollar sales required.
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Answer:
C. Find a lender who is willing to do FHA-loans.
Explanation:
The Federal Housing Administration loan program was instituted by the United States government to make owning homes by the citizens easier. To be qualified, an applicant's minimum credit score should be 500 with a downpayment of 3.5% with a credit score of 580 and 10% for a credit score which is between 500 to 579. He must be willing to do, mortgage insurance, and the house which he wishes to own must meet the FHA's requirements.
However, it does not depend on him to find a lender willing to do FHA loans, rather, the lender must be approved by the Federal Housing Administration. He can only obtain his loan from an FHA-approved lending financial institution.
Answer:
c. $50,400
Explanation:
The computation of the interest expense is shown below:
= Borrowed amount × rate of interest
= $480,000 × 10.5%
= $50,400
hence, the interest expense is $50,400
Therefore the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
Debit: Accounts receivable with 1,500,000
Sales account with 1,500,000
Explanation:
Journal entry for Organic Growth at January 2, 2017 will appear in the book as follows:
Details DR ($) CR ($)
Accounts receivable 1,500,000
Sales account 1,500,000
<em>Being the sales of Organic Growth on credit</em>
Answer:
Your question is a bit vague, but let me try to help you out.
The instructions that build an organism is called DNA or Deoxyribonucleic Acid. These are lines of chemical bases that code for the different functions that enable living organisms to develop (grow), reproduce and live.
DNA is found in the nucleus of cells of eukaryotes and mitochondria, but for prokaryotes they are found in the cytoplasm (because they have no true nucleus)