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olga2289 [7]
3 years ago
5

A transaction that is likely to cause an increase in a current liability is: Multiple Choice payment of accrued wages. accrual o

f interest expense. depreciation of equipment. accrual of bad debts expense
Business
1 answer:
BartSMP [9]3 years ago
8 0

Answer:

The correct answer is accrual of interest expense.

Explanation:

Interest expense is an expense you incur when you borrow money. The lender charges you a specific interest rate that is expressed in your loan document. As time passes, you are charged interest on the amount you borrowed. You may have to calculate the simple or compound interest on your loan depending on how it is structured. If the loan is for business, you will enter interest expenses in your accounting records.

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Madison Corporation sells three products (M, N, and O) in the following sales mix: 3:1:2. Unit price and cost data are: M N O Un
damaskus [11]

Answer:

Products    Selling price   Unit variable cost   Contribution per unit

                        $                           $                             $

M                      7                           3                             4

N                       6                          2                             4

O                       6                          3                             3

                        19                          8                            11

Break-even point in composite units

= <u>Total fixed cost</u>

  Contribution per unit

= <u>$340,000</u>

         $11

= 30,909 units

Break-even point for the current sales mix

M    3/6 x 30,909 units = 15,455 units

N     1/6 x 30,909 units = 5,151 units

O     2/6 x 30,909 units = 10,303 units

Explanation:

In this case, we need to calculate contribution per unit of each product by deducting the unit variable cost of each product from their respective selling prices. Then, we will obtain the break-even point in composite units by dividing the total fixed cost by overall contribution per unit.

Then, we will determine the break-even point for the current sales mix by multiplying the proportion of each product in the sales mix by the break-even point in composite units.

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3 years ago
Which of the following transactions does not affect cash during a period? Group of answer choices Write-off of an uncollectible
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Answer:

ehdhdhdhdhhdjdjdjdj

Explanation:

nxnxnxndnfjfnfjdjdjdhfhryyrhdhdhdhdjdjdjdjfhfhfjdjdj

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. Assume that the company produces and sells 45,000 units during the year at a selling price of $16 per unit. Prepare a contribu
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Answer and Explanation:

The preparation of the contribution margin income statement for the year is presented below:

Sales (45,000 units × $16 per unit) $720,000

Less: variable cost (45,000 units × $180,000 ÷ 30,000 units) -$270,000

Contribution margin $450,000

Less: fixed cost -$300,000

Net operating income $150,000

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