Answer:
Option (c) is correct.
Explanation:
Variable cost as a percent of sales:
= (Variable expenses ÷ Sales) × 100
= ($3,000,000 ÷ $5,000,000) × 100
= 60%
If Sales = X
then Variable cost is 0.6X (i.e. 60% of Sales)
Sales - Variable cost - fixed expenses = net operating income
X - 0.6X - 1,500,000 = 300,000
0.4X = 300000 + 1500000 = 1800000
X = 1800000 ÷ 0.4
= 4,500,000
Answer:
$260000
Explanation:
$280k purchase equiment >> Outflow of cash
$40,000>> Operative Cash >> Inflow Cash
$260k >> cash loan in order to achieve balance
------------------------------
$20000 >> Cash balance
it's important to invest so you can have a better life once that thing you invested in makes you money and not all of them do so keep that in mind
Answer:
cash 750 debit
note receivable 510 credit
NSF check 240 credit
-- to record increases of cash from reconciliation --
bank fees expense 44 debit
cash 44 credit
-- to record decreases of cash from reconciliation --
Explanation:
cash account 5,600
bank fees (44)
NSF 240
bank collected 510
adjusted cash: 6,306
We adjust based on the unknow information for the company like fees, collection and NFS found. we could also adjust for mistake but for this time, there isn't any.
Answer:
$7,167
Explanation:
Assets are resources held by an entity as a result of a past event, for which future economic benefits will flow to the entity. it is further classified as current and non-current.
Examples include inventory, cash, accounts receivable, Fixed assets or Property plant and Equipment.
Given
Inventory = $1,378
Net fixed asset = $4,827
Accounts receivable = $664
Cash = $298
Total assets = $1,378 + $4,827 + $664 + $298
= $7,167
