Answer:
a. revenue (R), affecting owner's investment (I)
b. not affecting owner's equity (NOE)
c. expense (E) and affecting owner's investment (I)
Explanation:
Revenues and Expense form Profits which are included in the statement of changes in equity through the Retained Income line item, thus these two also affect owners investment.
Answer:
600 loss
Explanation:
The computation of the gain or loss is shown below:
Since on Jan, there is a put option of 45 at $3 and the market rises to $58
So it losses by 13 points i.e
= 45 - 58
= 13
Now the total premium points collected is of 7 i.e
= 4 + 3
= 7
So, the remaining points left is
= 13 - 7
= 6
So for 6 points, the net loss is $600
Answer:
6,000 units
Explanation:
We know that
Break even point in units = (Fixed expenses ) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
The selling price would be
= $500 - $500 × 4%
= $500 - $20
= $480
And, the Variable expense per unit is $350
So, the contribution margin per unit would be
= $480 - $350
= $130
So, the break even point in unit should be
= $780,000 ÷ $130 per units
= 6,000 units
Answer:
c. power but not authority
Explanation:
The personal secretary of a top managers may have power but not authority. Personal secretray is who keep the manager updated with his personal task like meeting, travelling, schedules and documentation he has power to do all this thing but dont have authority to order anything in the office or the firm. Personal secretary's responsibilitie and duties are restricted to the manager and at that level only. She couldnot order anyone to finish the task on stipulated time or deadline.
Personal secretary's main task is to respond to her boss about his work deadline, travelling schedule, asnwering call and response them accordingly, prepare correspondence for the boss, planning and scheduling the meeting, take care of minutes and take action on points, plannig events and oraganinsing them as well, Managing project of boss etc. but his/her dutie are restricted to these work only she couldnot order.
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