Answer:
Cost per unit= $2,500.70
Explanation:
Cost per unit of an item is the fixed cost of producing the item plus the variable cost.
That is:
Total cost = fixed cost + variable cost
In this instance the fixed cost (cost of the application) is given as $250,000
The variable cost (cost of delivery) is $0.7
For 100 units variable cost will be $0.7* 100= $70
Total cost= 250,000+ 70
Total cost= 250,070
Cost per unit = Total cost/ Number of units
Cost per unit= 250,070/100
Cost per unit= $2,500.70
Answer:
The budgeted Accounts Receivable balance on July 31 is $ 244,800.
Explanation:
Since the company sells 85% credit of which 60% is collected in the month of sale and 40% in the following month. This implies that where the sales for the month of June is $ 680,000, all of the credit sales for the month of June would have been collected by 31 July. Hence no receivables will be budgeted for considering June sales by 31 July.
For sales to be made in July budgeted at $ 720,000, 85% will be credit sales
This amounts to
Credit sales for July = 85% of 720000
= 
= $ 612,000
60% of the credit sales in the month of July will be collected by 31 July while 40% will be collected in the following month hence,
Accounts Receivable balance on July 31
= 40% of 612000
= 
= $ 244,800
Answer with its Explanation:
On February 14, the repairment of transmission is the repair and maintenance cost and hence it must be accounted for as an expense.
The Double entry would be:
Dr Repairs and Maintenance Expense $2,300
Cr Cash $2,300
On the same date, the installation of GPS system is an addition of an asset in the delivery truck hence it must be capitalized.
The Double entry would be:
Dr Delivery Van $450
Cr Cash $450
Answer:
d. Access to capital
Explanation:
Corporate social responsibility (CSR) is characterized as a program of activities to lessen external costs. it is also an approach, practice, speculation and solid outcome sent and accomplished by a business organization in the quest for its partners' interest.
Answer:
The correct answer is c. firm-level demand
Explanation:
Demand can be defined as the quantity of goods and services that are acquired by consumers at different prices, at a specific unit of time (one day, one month, one year, etc.) since without a temporary parameter we cannot say if a Demand amount grows or decreases.
When a person chooses to buy some good, to meet his needs, he does so consciously, based on his criteria both objective and subjective; These conditions are modified according to the educational and socioeconomic level, sex, age, among other factors.
