Answer:
The answer is: Statutory Uniform Commercial Code
Explanation:
The Uniform Commercial Code (UCC) was established to harmonize the laws regulating commercial transactions and sales across the United States. This way, companies that work across states and territories, will have the same common law regarding their operations.
In this case, since the price of the satellite dishes and their installation was allocated, this contract is covered by statutory UCC.
Answer:
Break-even point in units= 23,250
Explanation:
Giving the following information:
Selling price of $50
Variable costs of $30 per unit
Total fixed costs of $400,000.
Desired income= $65,000
<u>To calculate the number of units to be sold, we need to use the following formula:</u>
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Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (400,000 + 65,000) / (50 - 30)
Break-even point in units= 23,250
Answer:
a. Education is independent variable
Income is dependent variable
The relationship between education and income is positive
b. Sales of new iphone is dependent variable
Consumer Income is independent variable
The relationship between consumer income and sales of iphone is positive
c. Anti smoking campaign is independent variable
Number of smokers is dependent variable
The relationship between anti smoking campaign and number of smokers is negative.
Explanation:
Education is an independent variable as people are free to pursue higher education. Income is dependent variable. Those employees who have higher education will earn more than those with less education. The consumer income is independent variable in this case while sales of iphone is dependent variable. The sales of iphone will increase if consumer income increases.
Answer:
Given that,
Actual cash received from cash sales = $18,371
Amount indicated by the cash register = $18,400
Cash short:
= Amount indicated by the cash register - Actual cash received from cash sales
= $18,400 - $18,371
= $29
Therefore, the journal entry is as follows:
Cash A/c Dr. $18,371
Cash over and short A/c Dr. $29
To sales $18,400
(To record the cash receipts and cash sales)