Answer:
A. long production runs
Explanation:
In the production life cycle, there are four types of stages which comprise of introduction, growth, maturity, and decline
The introduction stage refers to the stage in which the product is first time introduced in the market. It involves high production cost, less market size, changes in frequent product and process design, limited models, etc.
So, the option A is correct.
Answer:
An organisation is a business that has grown so big that it earns a lot of money
Explanation:
Answer:
$350,000
Explanation:
Computation for the required sales in dollars to break even.
First step is to calculate the Contribution margin
Revenues $380,000
less Variable costs $224,200
Contribution margin $155,800
Contribution margin ratio = 155,800 / 380,000= 41%
Break even sales in dollars = Total fixed costs / CM Ratio = $143,500/ 41% = $350,000
Therefore the required sales in dollars to break
even is $350,000
Answer:
$223,200
Explanation:
to determine the depreciation charge, calculate the book value of the asset. use this revised book value to calculate the depreciation using the revised estimates
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
Book value = cost of the asset - accumulated depreciation
$1,470,000 - $354,000 = $1,116,000
salvage value - 0
useful life = 5
Straight line depreciation expense = $1,116,000 / 5 = $223,200
Answer:
Debit Credit
Unearned revenue $2,500
($7,500/3)
Revenue $2,500
Explanation:
The following adjusting entry shall be recorded in the accounts of the Biddle and Biddle, on January 31, in respect of revenue earned by it from accounting services:
Debit Credit
Unearned revenue $2,500
($7,500/3)
Revenue $2,500
