Answer:
2,000 - $80,000
3,000 - $80,000
3, 500 - $80,000
4,000 - %80,000
$40
$26.67
$22.86
$20
fixed
Explanation:
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.
the total band cost changes per concert and not per number of people attending the concert. Thus, the total band cost is constant per constant. It is fixed at $80,000 per concert regardless of the number of people at the concert
cost per person = total cost / concert attendance
$80,000 / 2,000 = $40
$80,000 / 3000 = $26.67
$80,000 / 3500 = $22.86
$80,000 / 4000 = $20
Sorry you need a little more detail for your question.
Answer:
B. Jury of executive opinion method.
Explanation:
There are several methods of forecasting sales, one of which is Jury of executive opinion method. In this method, senior executives in an organization are called upon by the upper management to analyze, deliberate and come up with what probably will be the future sales of the organization which will in turn drive future revenue.
In as much as the people involved have experience in terms of forecasting, their overall submission will form the basis of future sales forecast of the organization.
Unlike Delphi method which involves the use of experts in analyzing and forecasting future sales and whose procedure is somewhat rigorous and formal, jury of executive opinion is not formal and only rely on the outcome of deliberations done by the managers appointed by the organization.
Other method of sales forecast are market share method, buyer intention method. etc.
Answer:
a. Cash 9800, 200 sales, and accounts receivable 10000.
Explanation:
In gross method we assume that discount will not be taken. So, first we record the sale without disscount (10000 in accounts receivable). When the discount is taken, so we record it as sales discount and record the cash received (debit in journal entry) and we credit the receivable in journal entry.
