Explanation:
The adjusting entry is as follows
Accrued interest expense Dr $124
To Interest payable $124
(Being the accrued interest expense is recorded)
The computation is shown below:
= Borrowed amount × interest rate × given months ÷ total number of months in a year
= $6,200 × 12% × 2 months ÷ 12 months
= $124
Answer= Because the United States is already a WTO member, it does not have to lower any trade restrictions as a result of China's entry. In fact, China's entry will help reduce the trade deficit between the United States and China
Well If you only do minimum payments every month than you are really digging yourself a bigger hole, because interest will build up every month. <span />
Answer:
Yankee Zoro
Break-even units 47000 188000
Explanation:
Break even for multiple products = Total fixed costs/ (weighted average selling price- weighted average variable cost)
weighted average selling price = ($295 * 20%) + ( $215 *80%) = 59+172=$231
Weighted average variable cost = ($160 * 20%) +( $140*80%)=32+112=$144
weighted average contribution = $231-$144 = $87
breakeven = $20,445,000/$87= 235000 units
for Yankee = 235000*20%= 47000
for Zoro = 235000*80%= 188000
The unit selling price of the selling price is equal to the sum of the original price and the amount that should be added for the marking-up, which is equal to 30% of the original per unit cost. This can be calculated through the equation below.
per unit selling price = ($18)(1.30) = $23.4
ANSWER: $23.4
