Answer:
See
Explanation:
Selling price = $25,000/1,000 = $25
Variable cost = $17,500/1,000 = $17.5
1,001 units
Contribution margin income statement
Sales ($25,000 + $25)
$25,025
Less variable expenses
Answer: $420,000 of expense in the income statement as an ordinary item. Douglas’ accounts for this change in estimate in the period of change by reporting the newly calculated amount of bad debt expense as an ordinary item of income. Changes in estimate are not considered an extraordinary item, an error correction, or a change in accounting principle.
You must be able to not only stay calm in worst case situations but do the job properly. example: someone had sadly drown, You need to be calm despite the terror of whoever made the call. you must talk them on how to preform C.P.R and call a ambulance. You can't sound panicked at all and must be kind. You must act as though even if seeingly the person is dead, make it sound like they will live without exactly saying it. This could cause panic and have a possibly life threatening issue.
When a person or company owes money to creditors. It is the only way creditors feel they will collect what they are owed.
Answer:
false
Explanation:
Interest is the cost of using credit. The applicable interest rate determines this cost. Like most other commodities, interest rates are subject to the forces of demand and supply.
If the demand for credit increases, then the cost of credit will increase, meaning interest rates will increase. On the other hand, a decline in the demand for loans will cause interest rates to reduce.
