Answer: Partnership
Explanation: In simple words, partnership refers to an agreement between two or more independent parties to join their forces for achieving a common business goal with the ultimate objective of earning profit.
In the given case, Dan and Emily were sole proprietors and now they are joining their forces also the case states their new entity will not be a separate entity and both of the owners will be having unlimited debt.
Hence from the above we can conclude that this is a partnership business.
Based on the question, a table was found to supplement the needed data.
Problem: Found the utility cost
Given:
Based on the given table Units Utility Cost
High-Level Activity $8,000 $8,000
Low-level Activity $5000 $1,500
Mathematical Operation: multiplication, addition, subtraction and division
Solution: Variable cost per unit (VSU), Change in Cost (CC), Cost in Activity (CA), Fixed Cost (FC), Variable Cost Element (VCE), Total Cost (TC) High-Level Activity Unit (HLAU)
VCU= CC÷ CA
= $1,500 ÷ 3,000 units
= $0.50 per unit
Fixed cost = TC- (VCE [VCUx HLAU])
= $8,000 - ($0.50 per unit × 8,000 units)
= $8,000 - $4,000
<span> = $4,000
</span>
The Choices are:
A.Y = $1.00 X
B.Y = $1.25 X
C.Y = $4,000 + $0.50 X
D.Y = $1,500 + $1.25 X
The answer is A.
Answer:
Adjusted cash balance as per books = $11,100
Explanation:
Given Cash balance as per books = $9,400
Add: Deposits in transit that is deducted by us but not added by bank thus added = $9,400 + $1,100 = $10,500
Add: Notes Receivables collected by bank but not added in books = $10,500 + $2,500 = $13,000
Less: Bank Service Charges as not deducted in books = $13,000 - $50 = $12,950
Less: Outstanding Checks as yet not cleared = $12,950 - $1,450 = $11,500
Less: NSF check as not received by bank = $11,500 - $400 = $11,100
Adjusted cash balance as per books = $11,100
In a purchases-payables computer system, a purchase order is created after which document has been processed?
Answer:
3,579 units
Explanation:
Computation of the given data are as follows:
Contribution Margin = Selling price - Variable expense
= $235 - $99 = $136
So, to achieve target profit of $34,000
Target Contribution margin = Fixed expense + Target profit
= $452,740 + $34,000
= $486,740
So, sales unit = Target contribution margin ÷ Contribution margin
= $486,740 ÷ $136
= 3,578.97 or 3,579 units