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3 years ago

Which of these factors is an advantage to using cash?

Business

2 answers:

ASHA 777 [7]3 years ago

8 0

The answer is D. No Debt

IRISSAK [1]3 years ago

6 0

The correct answer is d

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Harding corporation sells two products, standard and supreme. expected sales are 40,000 standard and 60,000 supreme. standard's

dolphi86 [110]

Contribution for Standard is $30 per unit and Supreme is $60 per unit, Thus if Fixed expenses are first divided between the two products on the basis of Contribution per unit, It can be calculated as below:

Fixed Expense Bifurcated on basis of Contribution per unit= 30:60

Which Comes to 1:2

Thus it will be bifurcated as $1200000 for Supreme and $600000 for Standard

Thus for Standard to break even it Requires to Sell the below no of units:

Break Even Point in units= $\frac{Fixed Expense}{Contribution per unit}$

Break Even Point in units= $\frac{600000}{30}$

Break even points in units=20000 units

7 0

2 years ago

You've told Dan, a new contact, that you're looking for a qualified sales representative. Now you want to find out if there's an

kenny6666 [7]

The answer is B give him your business card

8 0

3 years ago

Which of the following is not a type of bank

Pani-rosa [81]

What are choices for this question

4 0

2 years ago

Read 2 more answers

Crestfield leases office space. On January 3, the company incurs $23,000 to improve the leased office space. These improvements

Lisa [10]

Answer:

Amortization expense $11,500

To Accumulated Amortization- Leasehold improvements $11,500

(Being the expenses for the first year is recorded)

Explanation:

The journal entry is as follows

Amortization expense $11,500

To Accumulated Amortization- Leasehold improvements $11,500

(Being the expenses for the first year is recorded)

The computation is shown below:

= Incurred expenses ÷ remaining life

= $23,000 ÷ 2

= $11,500

While recording this transaction we debited the amortization expense as the expenses account is increased while at the same time the accumulated amortization should be credited as it decreased the value of the asset

5 0

3 years ago

Berkshire Inc. uses a periodic inventory system. At the end of 2015, it missed counting some inventory items, resulting in an in

zlopas [31]

Answer:

Assets understated by $510,000, liabilities understated by $153,000 and shareholders' equity understated by $357,000.

Explanation:

An understatement of closing inventory will have the following effects,

First of all the inventory as an asset is understated by $510,000

Second, this inventory was subject to deduction from the Cost of goods sold as, Cost of goods sold = Opening Inventory + Purchases - Closing Inventory.

Since this amount was not subtracted from the CGS, the gross profit and ultimately the Net profits were understated by $510,000.

This will be added in the net profits.

With an increase in net profits, the tax payable amount also increases. This is calculated as 510,000 * 0.30 = $153,000

So total change in profits is = 510,000 - 153,000 = $357,000

While $153,000 is still payable and is recorded as a tax payable liability.

Thus,

Assets understated by $510,000

Liabilities Understated by $153,000 (tax payable)

Share holders equity understated by $357,000 (part of retained profits)

Hope that helps.

6 0

3 years ago