Answer:
Long term debt requires a payout of cash within a stated time period.
Explanation:
When entering into a long term debt, there are terms and conditions like interest to be charged and payment terms so obviously there is an expected cash payout to repay the debt at a stated time period.
Credit, job, be of the age 18
Answer:
3,500 units
6,000 units
Explanation:
Given:
Sales Price = $15 per unit
Variable cost = $3 per unit
Fixed cost = $42,000 per month
A. Break even point
Break even point(in units) = Total fixed cost / (Sales Price - Variable cost)
= $42,000 / ($15 - $3)
= $42,000/ $12
= 3,500 units
B. Number of sales unit
Sales unit for desired profit = (Total fixed cost + Desired profit)/ (Sales Price - Variable cost)
= ($42,000 + $30,000) / ($15 -$3)
= $72,000 / $12
= 6,000 units