The Federal Reserve System is the central bank of the United States. It was made to provide the nation with a safer, more flexible, and more stable monetary and financial system. Hope this answers the question. Have a nice day. Feel free to ask more questions.
Answer:
Company must make sales of $600,000.
Explanation:
Compute the contribution margin of the company:
Contribution margin=Pre−Tax Income+Fixed Cost
=$60,000+$270,000
=$330,000
Thus, the contribution margin is $330,000. It is computed by summing up the fixed cost and the pre-tax income of the company.
Compute the total sales of the company:
Contribution margin ratio= Contribution margin / Sales
55%= $330,000/ Sales
Sales= $55% / $330,000
=$600,000
The sales of the company are $600,000.
Answer: Efficiency
Explanation:
The lack of efficiency is one of the main factor in decreasing the productivity of an organization and it slows the effort and response of the work. The following are the main cause of the lack of efficiency are as follows:
- The lack of supervision
- Inconsistency
- Lack of communication
According to the question, the slow response helping the victim of the hurricane Katrina arrive in the fashion timely is due to the lack of efficiency. As, efficiency plays an important role in an organization for increase the competitiveness and effectiveness.
Therefore, Efficiency is the correct answer.
Answer:
Cost of goods sold for the first sale made on Jan. 10: $141
Explanation:
The FIFO is a method used to account value for inventory. Under the method, the first item of inventory purchased is the first one sold.
Jan 1 Beginning Inventory 8 units, $12 per unit, total $96
Jan 5 Purchase 12 units, $15 per units, total $180
Jan 10 Sale 11 units, $50 per unit
Cost of good sold = 8 x $12 + 3 x $15 = $141
Answer and Explanation:
The adjusting entry is shown below:
a.
Salaries expense ($25,500 ÷ 5 days) $5,100
To salaries payable $5,100
(being the salary expense is recorded)
Here the salaries expense is debited as it increased the expense and credited the salary payable as it also increased the liabilities
b.
Salaries expense ($25,500 ÷ 5 days × 4 days ) $20,400
To salaries payable $20,400
(being the salary expense is recorded)
Here the salaries expense is debited as it increased the expense and credited the salary payable as it also increased the liabilities
