If the Equal Employment Opportunity Commission (EEOC) concludes that a workplace discrimination claim does not violate Title VII
1 answer:
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Answer:
The question requires the answering party to pick all that apply as found in the attached.
A. The initial payment will be recorded as an increase to a Prepaid Insurance account.
B. Over time, the expired portion of the policy must be removed from the asset account as it has been used up and is no longer considered an asset.
C. As a portion of the policy expires, the expired portion will be removed and transferred to an expense account.
Explanation:
The initial payment will be recorded as increase to an asset account,prepaid insurance is a correct statement,pending when the insurance cost is cost,
Subsequently,the expired the portion of the prepayment would be removed from the account,hence point B is also correct.
Finally,when the expired portion is removed from prepaid insurance account,it is transferred to insurance expense account,point C is also on point.
Answer:
break even point in units at the current selling price is $5000 units
Explanation:
given data
Selling price = $ 90 per unit
selling price for next year = 40% increase
Variable costs = 40% of sales revenue
Fixed expenses = $ 270,000 per year
to find out
break even point in units at the current selling price
solution
we know that Contribution margin is
Contribution margin = 1 - Variable cost ratio ..............1
Contribution margin = 1 - 0.40
Contribution margin = 0.60
so Contribution per unit will be
Contribution per unit = Selling price × Contribution margin ratio .............2
Contribution per unit = $90 × 0.60
Contribution per unit = $54 per unit
and
Break even point in units at current price will be
Break even point = ........3
Break even point =
Break even point = $5000 units
so break even point in units at the current selling price is $5000 units