Answer:
$90,000
Explanation:
Income = Contribution - Fixed Costs
hence,
Fixed Costs = Contribution - Income
therefore
Fixed Costs = (25,000 x $6) - $60,000
= $150,000 - $60,000
= $90,000
thus,
total fixed costs must be $90,000.
Answer:
Having increased profit
Explanation:
When there exists competition in a market, owners and companies are forced to lower their prices to make their product or service competitive. The opportunity that Tina has now, enables her to sell the wooden decorative items at a prize that not only cover her costs of production, but also with higher profit. However, Tina must be very wise as to how to use that profit. She may not have competitors now, but in the future she might have. Granted, she can look at ways in which she can use that profit to invest in technology or computer systems that could make the production costs lower, which in turn enable her to reduce the prize of her products in the future.
Answer:
$188,170
Explanation:
Cash collection in a month includes the collection of current and prior years's of credit sales.
Cash Collection for September is $188,170.
It includes 7% collection of July sales, It includes 35% collection of August sales and It includes 55% collection of September sales.
Schedule for Cash Collection is attached with this answer please find it.
Explanation:
the factors or elements in a firm's immediate environment which affect its performance and decision-making; these elements include the firm's suppliers, competitors, marketing intermediaries, customers and publics.
hope this helped :)
Answer and Explanation:
The adjusting entry is shown below:
a.
Salaries expense ($25,500 ÷ 5 days) $5,100
To salaries payable $5,100
(being the salary expense is recorded)
Here the salaries expense is debited as it increased the expense and credited the salary payable as it also increased the liabilities
b.
Salaries expense ($25,500 ÷ 5 days × 4 days ) $20,400
To salaries payable $20,400
(being the salary expense is recorded)
Here the salaries expense is debited as it increased the expense and credited the salary payable as it also increased the liabilities
