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