Answer:
2. Cost-variable.
Explanation:
Variable costs basically depends on the customers in the shop. In this case, the more napkin a person uses, the more Java Joe has to order.
 
        
             
        
        
        
Answer:
The Break-even annual sales= $2,222,222.22 
Explanation:
<em>The break-even sales is the amount of revenue that a business must generate that would equate its total costs to total revenue. At the break even sales, the contribution is exactly to total iced cost, and the business makes no profit or loss</em>
Contribution margin ratio = (20-5)/20=75%
Break-even (units) = Total general fixed cost /(selling price- variable cost)
                               = 5,000,000/75%
                             =  $6,666,666.67
The annual sales = $6,666,666.67/3 =   $2,222,222.22  
The Break-even annual sales= $2,222,222.22 
 
        
             
        
        
        
Answer:
Explanation:
The journal entry is shown below:
1. Accounts receivable A/c Dr $160
         To Sales discounts forfeited $160
(Being sales discount  is recorded)
The computation of the sales discount is shown below:
= (Sales value - payment made) × discount rate
= ($40,000 - $24,000) × 1%
= $160
2. Cash A/c Dr $16,000
        To Accounts receivable A/c $16,000
(Being cash is received)
 
        
             
        
        
        
Answer:
current price of Goodell Corporation stock is $48.26 
Explanation:
given data 
annual dividend = $1.75
expected to increase 1 year = 27.5 percent 
expected to increase 2 year = 13.8 percent 
expected to increase per year = 5 percent 
required rate of return = 10 percent
solution
we get here first dividend that is 
D1 = 1.75 × (1.275) = 2.23    ...............1
D2 = 2.23 × (1.138) = 2.54    ...............2
D3 = 2.54 × (1.05) = 2.67      ...............3
and 
year 2 price will be 
P2 = D3 ÷ (R – g)    ...............4
P2 = 2.67 ÷ (0.10 - 0.05) 
P2 = 53.4     ...............5
so current price will be 
P = 2.23 ÷ (1.10) + 2.54 ÷ (1.10)2 + 53.40 ÷ (1.10)2
P = $48.26