Answer:
bottom-up
Explanation:
According to my research on different financial strategies, I can say that based on the information provided within the question Acloe Inc. is most likely to adopt the bottom-up budgeting approach. This approach focuses on attempting to determine costs of each department in an organization and then total up all of the departments. Which is what is being done in this situation.
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Answer:
Supply equals demand
Explanation:
Equilibrium is a situation which occurs when there is a balance between quantity demanded and quantity supplied.
Answer:
120 gizmos.
Explanation:
We have been given that the weekly profit of a company is modeled by the function 
. The weekly profit, w, is dependent on the number of gizmos, g, sold. The break-even point is when 
.
To find the number of gizmos the company must sell each week in order to break even, we will substitute in profit function as:
Now, we will use quadratic formula to solve for g.
We will take the larger value for the number of gizmos.
Therefore, the company must sell 120 gizmos each week in order to break even.
Monthly Salary: $1200
Monthly food bills: $240
% of monthly salary spent on food is 20%.
Answer:
Debit cash $7800
Credit unearned revenue $7800
Explanation:
The amount of $7800 was received in cash on October 1. Therefore, the cash account will be debited with the $7800 received.
The corresponding credit entry of $7800 will be to the unearned revenue account since the revenue has not been earned. Revenue will be earned at the end of each month of the lease. This account will subsequently debited each time the revenue is earned i.e at the end of each lease month.
