Answer:
$635,000 and : 34%
Explanation:
Margins of safety is the difference between expected sales and the break-even point.
For Zhao, expected sales are 10,000 units
The break-even points in units = fixed cost/ contribution margin per unit
fixed costs = $429,000
Contribution margin per unit = selling price - variable costs per unit
=$187 - $122
=$65
break-even point in units = $429,000/$65
break-even point = 6600 units
Margin of safety = 10,000 - 6600 units
=3400 units
In dollars is equal to margin of safety in units x selling price
=3400 x 187
<u>=$635,000</u>
as a percent of expected sales.
=3400/10000 x 100
=0.34 x 10,000
=34%
Answer:
new politacal parties
Explanation:
im taking the test right now
Answer:
The answer is a
Explanation: hope this helps :)
Answer:
B. debit Notes Receivable for the face value of the note.
Explanation:
Whenever a note is receivable, it is an asset as the amount will be collected in the future, that is with exchange of such asset there is a benefit defined in terms of cash to be received by the the company.
Therefore, it will be a debit and not the credit.
Whenever a notes receivables with interest bearing element is received then the asset is carried at face value, that is recorded at face value.
As the interest to be received is part of income and not asset, therefore, notes receivables will be recorded at face value.
The correct option is:
B. debit Notes Receivable for the face value of the note.
