Answer:
The correct answer that fills the gap is <em>d. before.</em>
Explanation:
Everything that happens in the business must be registered in the accounting system, so that the newspaper and the major contain a complete history of all the commercial operations of the period. If an operation or transaction has not been registered, account balances will not show the correct figure at the end of the accounting period.
The seats with which the accounts are adjusted or updated are called adjustment seats. If the adjustment does not affect an income or expense account, it is not an adjustment entry.
The income can be earned (accrued) before the cash is received from the client, or from accounting for the transaction in the accounting records. These are revenues that have been earned but the corresponding cash has not yet been collected.
The adjustments made to the income accounts are necessary to ensure that all income earned in the period has been recorded in the accounting. In order for the net profit to be expressed correctly in the income statement. There are two types of income adjustment:
- Cumulative income not collected.
- Customer advances.
It’s a luxury item and the brand name over the years has been one people have grown fond of and will accept no substitute
Answer:
A. not change.
Explanation:
The formula to compute the break-even point in units is shown below:
= (Total Fixed cost) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $24 - $12
= $12 per unit
So, the break-even in units would be
= $385,000 ÷ $12 per unit
= 32,083 units
If the unit sales are 200 units less, the break-even point would be
= $385,000 ÷ $12 per unit
= 32,083 units
In both the case, the break-even point in units would remain the same. It has no impact on the unit sales
Answer:
Penetration pricing
Explanation:
Penetration pricing is a marketing strategy that is used to draw customers to a particular good or service by lowering its price. The reasons why companies use penetration pricing is to introduce a new product into the market by creating awareness and also to draw customers away from competitors that have their prices on the high side.
So, if we observe a decrease in price of a good & an increase in the amount of the good bought & sold this could be explained by <u>penetration pricing</u>.
The goal of this is to draw attraction from customers to the product and also keep them once the prices have been returned to their normal levels.
