Answer:
the selling price of the product is $63
Explanation:
The computation of the selling price of the product is as follows:
As we know that
The contribution margin ratio = Contribution margin ÷ Selling price
20% = $12.60 ÷ Selling price
So the selling price is
= $12.60 ÷ 20%
= $63
Hence, the selling price of the product is $63
This is the answer but the same is not provided in the given options
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer: The depreciation expense that will be recorded for the furniture for the first year ended December 31 is $825.
Explanation: Straight-line mwthod of depreciation is:
(Acquisition value minus salvage value) / No of years
Per the question, the acquistion value of the new furniture is $19,000 while the salvage value is $2,500. The number of years is 5 years.
Then yearly depreciation would be <u>($19,000 - $2,500) / 5 years = $3,300</u>.
Note that the furniture was purchased on September 30. To arrive at the depreciation expense that will be recorded as at December 31, you need to pro rate the yearly depreciation of $3,300.
September 30 to Decemer 31 is 3 months. <u>So the total depreciation expense will be $3,300 * 3 / 12 = $825.</u>
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Answer:
Television Advertising is the most expensive form of advertising.
Explanation:
Television Advertising still the most powerful advertising. Even though internet has a huge access to households. TV still the only Mass Media electronic that is possessed almost by all houses in the world.
The Advertising in TV reaches a greater number of users than any other media. Because of this advertising in TV is extremely costly when compared to other mass media.
Big events such as the super bowl have an expensive fee for the companies that want to air an add. The most expensive add ever is No. 5 the Film (2004) is a 180-second short film directed by Baz Luhrmann for the perfume company Channel, this advertising had a budget of $33 million dollars.
Answer:
False.
Explanation:
Creating a budget is not about your wishes and hopes for what you want your income to be, but must be done by having a realistic perception of the income and expenses that each person has from month to month. In this way, you can project responsibly, avoiding incurring debts or other negative consequences.
