Answer: $100
Explanation:
From the information, on a Friday night, you have the choice to either go to a Katy Perry concert or a Lady Gaga concert. You won a free ticket to see Katy Perry but you would pay as much as $180 to see Lady Gaga perform, even thought the tickets to her show cost $100.
This illustrates that the person must be willing to pay at least $100 to see Katy Perry. Since the person wa.willing to pay $180 for Lady Gaga even when the tickets were$100, then you should be able to pay at least $100 to see Perry
Answer:
His loan payment each quarter is nearest to $4,705.10.
Explanation:
Using a Financial Calculator enter the following data and find PMT, the loan payment each quarter
Pv = $70,000
n = 4 × 5 = 20
r = 12%
P/yr = 4
Fv = $0
Pmt = ? - $4,705.10
Thus PMT, the loan payment each quarter will be $4,705.10.
Answer:
A. 40,000 units
Explanation:
To break even, the total cost must be equal to the total revenue. The cost elements are the fixed and variable cost. The variable cost is dependent on the level of activities.
Let the number of units required to breakeven be g
cost = sale
30g + 240,000 = 36g
36g - 30g = 240000
6g = 240000
g = 40000
The company must produce and sell 40000 units to break even.
Answer:
journal entry for every date be below
Explanation:
solution
journal entry for every date is here
date particular Debit credit
June 5 Purchase Inventory ( 210× $21 ) $4410
to cash/bank $4410
( 210 inventory purchased at $21 each)
June 9 cash/bank A/c ( 30 × $21 ) $630
Purchases Returns (Inventory ) A/c $630
( 30 inventory return )
June 16 cash/bank A/c 210 -30 × ($37 ) $6660
Cost of good sold 210 -30 × ($21 ) $3780
sales A/c 210 -30 × ($37 ) $6660
inventory A/c 210 -30 × ($21 ) $3780
remaining inventory sold at $37
