Answer:
See below
Explanation:
Computation of target pretax
Break even point (Target profit)
= (Fixed cost + Target profit) × Selling price / Contribution margin
= ($991,700 + $1,235,000) × $600 / $600 - $318
= $2,226,700 × $600 / $282
= 4,737,659.57
Answer:
A) DEBIT to Accounts Payable for $1,500
Explanation:
The records that the company should make regarding the payment of the purchased merchandise is:
- Debit record Accounts Payable account 1,500 (since Accounts Payable is a liability account, when it decreases it should be debited)
- Credit record Cash account 1,500 (since Cash is an asset account, when it decreases it should be credited)
Answer:
b.) The team's costs to increase
Explanation:
Nominally, revenues will be the same in Canadian dollars, because the Canandian dollar has become weaker against the U.S. dollar, but that does not necessarily mean that it has lost value in Canada itself.
However, now the NHL team will have to change more Canadian dollars for the same amount of U.S. dollars in order to pay its players, causing the team's wage costs to rise.
Answer:
From the attached excel file, we have:
a. Ending Cash Balance:
October = $30,000
November = $30,000
December = $34,546
b. Loan Balance End of Month:
October = $20,100
November = $15,301
December = $0
Explanation:
Note: See the attached excel file for the cash budget for October, November, and December.
In the attached excel file, the following calculations are made:
October additional loan = Minimum required cash balance - October Preliminary cash balance = $30,000 - $19,900 = $10,100
November Loan Repayment = November Preliminary cash balance - Minimum required cash balance = $34,799 = $30,000 = $4,799
Answer:
The answer is "values".
Explanation:
Admiration was its form of faith or love. Its expression throughout the faces of the pair of lovers is also an indication of admiration. The knowledge of different attributes including honesty, security, loyalty, collaboration, faith, and rank can influence career opportunities. These attributes show the principles.
