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3 years ago

One of the benefits of planning is how it:

Business

1 answer:

Lorico [155]3 years ago

7 0

Answer:

b. encourages people to engage in behaviors directly related to goal accomplishment

Explanation:

When companies engage in planning, they establish a guide for the operations, setting goals and preparing the strategies and actions that will help accomplish those goals. Because of this, planning helps the employees to focus and work towards achieving the objectives.

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The following information pertains to the Flying Fig Corporation: Total Units for information given 7 comma 000 Fixed Cost per

kirill115 [55]

Answer:

Break-even point= 3429 units

Explanation:

Giving the following information:

Total Units for information given 7,000.

Fixed Cost per Unit $150

Selling Price per Unit $ 475

Variable Costs per Unit $125

Target Operating Income $ 150,000

Break-even point= fixed costs/ contribution margin

Break-even point= (150*7000 + 150,000) / (475 - 125)= 3429 units

8 0

3 years ago

On July 1, Atlantic Cruise Lines issues a $100,000, eight-month, 7% note. Interest is payable at maturity. What is the amount of

Elenna [48]

The answer is $3,500.

Given,

On July 1, Atlantic Cruise Lines issues a $100,000, eight-month, 7% note.

Interest is payable at maturity.

Maturity date = July 1 + 8 months = March 1

Total interest incurred on maturity = Value of the note × Interest rate × time period

= $100,000 * (0.07) (\frac{8}{12})$

= $4,666.67

Number of months as on December 31 = 6 months

Therefore, the amount of interest expense that the company would record in a year-end adjustment on December 31 is given by:

Interest expense = Total interest incurred on maturity × no. of months as on December 31

= $4,666.67 × $\frac{6}{8}$

= $3,500

Hence, the amount of interest expense that the company would record in a year-end adjusting entry on December 31 is $3,500

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7 0

2 years ago

10. Stone Industries has three product lines: X, Y and Z. The following information is available: Product X Product Y Product Z

Trava [24]

The answer is 44,000

7 0

3 years ago

What does the word "Friend" mean?

sukhopar [10]

Answer:

I'd say someone of close acquaintance that you can talk to and confide in. Someone that is loyal and you can trust.

6 0

3 years ago

Read 2 more answers

justin corp. issues 10,000 shares of $1 par value common stock for $5 per share. the journal entry to record this transaction wi

enyata [817]

The record of the issuance of the stock is debit to cash for $50,000, credit to common stock for $10,000 and credit to excess of common stock of $40,000.

<h3>How to record journal entry for the following transactions?</h3>

A. Entries of the stock

1. Account(cash)

Cash=10,000 shares at $5 per share

Cash=10,000×5=$50,000

Cash to Debit=$50,000

Credit this account=$0

2. Account (common stock)

Common stock=10,000 shares at $1 per value common stock

Common stock=10,000×1=$10,000

Credit account=$10,000

Debit this account=$0

3. Account (Paid-in Capital in Excess of Par - Common Stock)

Paid in capital in excess of par-common stock=50,000-10,000=$40,000

Credit this account=$40,000

Debit this account=$0

This can be written as;

Account Debit ($) Credit ($)

Cash (10,000 shares×$5 price) 50,000

Common Stock (10,000 shares×$1 par) 10,000

Paid-in Capital in Excess of Par - Common Stock 40,000

The record of the issuance of the stock is debit to cash for $50,000, credit to common stock for $10,000 and credit to excess of common stock of $40,000.

To know more about journal entry, refer:

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6 0

2 years ago