Answer:
For Juniper Enterprises to breakeven it must sell 607 units
Explanation:
To break-even means making sales where the proceeds from sales transactions equal the amount of total costs incurred,hence no gain no loss situation.
Break-even point in units=fixed cost/contribution per unit
fixed costs incurred is $8,400
contribution per unit=selling price per unit -variable cost per unit
selling price is $28
variable cost is $16.80
contribution per unit=$28-$16.80=$11.2
0
break-even in units =$6,800/$11.2
0=607 units
Answer: b. an asset for the bank and a liability for Kellie's Print Shop. The loan does not increase the money supply.
Explanation:
Banks make money by loaning out money to people and companies. This means that loans are an asset to banks because it enables them to generate cash.
Kellie's Print Shop will have to pay back to loan however which means that it is a liability to them because they owe the bank.
This loan will not increase the money supply because if not explicitly stated that it does, we assume that the loan was made from bank deposits by other bank customers which means that it is already part of the money supply.
Answer:
Explanation:
Since the fair value of the division is less than the carrying value of the division so the loss on impairment is recorded
The journal entry to record the impairment of the goodwill is shown below:
Loss on impairment A/c Dr $30,000
To Goodwill A/c $30,000
(Being loss on impairment is recorded)
The computation is shown below:
= Carrying value - fair value
= $300,000 - $270,000
= $30,000
