The value of what businesses provide to other businesses is captured in the final products at the end of the production chain. During the production chain the product goes through various steps to reach its end result. Each step in the chain adds more value to the product. Once it reaches the end of the chain the true test is the value it provides to business that ends up using the item. An example of this is a home being built. During each stage of the home building process the home is getting closer to its true test, when the owners move in. From the floor being poured to the walls going up, each step makes the house closer to becoming someones home.
Answer:
$7,514
Explanation:
Calculation for how Legion should report bond interest expense for the six months ended June 30, 2021
Using this formula
Bond interest expense=Bonds amount*Priced to yield percentage
Bond interest expense=$150,272*(10%/2)
Bond interest expense=$150,272*5%
Bond interest expense=$7,513.6
Bond interest expense=$7,514 Approximately
Therefore Legion should report bond interest expense for the six months ended June 30, 2021 in the amount of $7,514
The answer is C because i just took the test and the answer was C so put C down and i bet 100% you'll get it right
Answer:
Break-even point in total units= 951.7units
Explanation:
<em>Break-even point is the level of activity at which a firm must operate such that its total revenue will equal its total costs. At this point, the company makes no profit or loss</em>.
It is calculated using this formula:
<em>Break-even point (in units) = Fixed cost/ average contribution per unit</em>
<em> Blue Plaid</em>
Contribution per unit 43-30 = 13 52-45 = 7
<em>Average contribution per unit </em>
= ( (13× 4) + (7×5) )/9
= $ 9.66 per unit
<em>Break-even point in total units</em>
= $9200/$ 9.66
= 951.7units
Break-even point in total units= 951.7units
Answer:
letter b, recording the transaction based on the information in a source document
Explanation:
The "Accounting Cycle" follows a series of steps in order to assist the accounting transactions of a company or business. It starts with the "Transaction step" <em>(the first step</em>) where<u> </u><u><em>the source documents have to be examined in order to analyzed transactions.</em></u> This also includes the recording of the transaction in the journal.
This step is followed by <em>Posting the Entries into the Ledger Accounts, Preparing the Unadjusted Trial Balance, Adjusting the Journal Entries, Preparing the Adjusted Trial Balance, Recording Reversing Entries, Preparing Post-Closing Trial Balance, Record Closing of Entries and Preparing Financial Statements.</em>
