1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Paladinen [302]
3 years ago
15

If actual sales totaled $450,000 for the current year (30,000 units at $15 each) and planned sales were $540,000 (45,000 units a

t $12 each), the difference between actual and planned sales due to the unit price factor is a.$180,000. b.$45,000. c.$90,000. d.$225,000.
Business
1 answer:
torisob [31]3 years ago
4 0

Answer:

Option B, $45,000, is the right answer.

Explanation:

Given actual sales = $450000

Actual units that is sold = 30000 units

Actual selling price = $15 per unit

Planned sales = $540000

Planned units = 45000

Planned selling price = $12 per units.

The difference between actual and planned sales due to unit price factor = change in units × change in price

= (45000 – 30000) × (15 – 12)

= $45000

Thus option B is correct.

You might be interested in
Large plate in catering
Fynjy0 [20]
A service plate or a charger plate.
5 0
3 years ago
Calistoga Produce estimates bad debt expense at 0.60% of credit sales. The company reported accounts receivable and allowance fo
liraira [26]

Answer: Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2021 is $246.

Explanation: Calistoga Produce applies percentage of credit sales method to estimate its bad debt expense. So 0.60% of $331,000 (credit sales) = $1,986 and the balance in allowance for doubtful accounts is $1,520. The following journals would be recorded to adjust for the estimate:

Debit Bad debt expense                                      $466

Credit Allowance for doubtful accounts           $466

The $466 is the difference between $1,986 and $1,520

Now that the company writes off $1,740 accounts receivable, the following journal entries apply:

Debit Allowance for doubtful account              $1,740

Credit Accounts receivable                                $1,740

In summary, the allowance account movement is as follows:

Opening balance                                                 $1,520

Additional bad debt expense                                 466

Write-off during the year                                     (1,740)

Balance, end of the year                                       $246

6 0
3 years ago
Consider an economy that is operating at its steady state. an increase in the investment rate in this economy will lead to:_____
andrew-mc [135]

Consider an economy that is operating at its steady state. an increase in the investment rate in this economy will lead to a temporary increase in the growth rate.

In the Solow model, a larger saving rate has no long-term impact on the growth rate. Higher steady-state capital stock and level of output do follow a higher saving rate. The growth rate briefly increases as production changes from a lower to a higher steady-state level. Low rates of saving the result in small capital stock in the steady state and low levels of output in the steady state. Only in the near run do higher savings translate into quicker economic development. Up until the economy reaches its new steady state, an increase in the saving rate causes growth to accelerate.

Learn more about the economy here brainly.com/question/1106682

#SPJ1.

7 0
1 year ago
Example of the business that mainly belongs in the client service group is ​
dimulka [17.4K]

Answer:

Accounting, Landscaping, Cleaning

Explanation:

Client Serving Group include companies that provide a service and do not convert raw materials into finished goods or resale goods.These provide a unique product to the client.

5 0
3 years ago
In its first year of operations, Gomes Company recognized $28,000 in service revenue, $6,000 of which was on account and still o
Mademuasel [1]

Answer:

a. The first year's net earnings under the cash basis of accounting is $7,600 and the first year's net earnings under the basis of accounting is $12,200

b. Accrual basis of accounting provides more useful information.

Explanation:

a. In order to calculate the first year's net earnings under the cash basis of accounting we would have to use the following formula:

Cash basis net earnings = Service revenue (Cash) – Cash expenses – Prepaid expenses

Cash basis net earnings =$22,000 – $12,000 – $2,400

Cash basis net earnings =$7,600

In order to calculate the first year's net earnings under the the basis of accounting we would have to use the following formula:

Accrual basis net earnings = Service revenue – Operating expenses incurred

Accrual basis net earnings= $28,000 – $15,800

Accrual basis net earnings=$12,200

b. Accrual basis of accounting provides more useful information, because in this system revenues are recorded what actually earned and expenses are recorded what actually incurred for earning such revenues. Therefore, it gives better profit picture

5 0
3 years ago
Other questions:
  • Hi, I'm 16 almost 17 next month and I'm getting a job at McDonald's. I am just curious about how much my first check will be if
    5·1 answer
  • All the following are examples of start-up costs EXCEPT
    8·2 answers
  • Part 1 Household consumption, which accounts for about _______% of the economy, grew at a 4.2% annualized rate during the second
    10·1 answer
  • Scarbrough Corp. factored $600,000 of accounts receivable to Duff Corp. on October 1, year 2. Control was surrendered by Scarbro
    6·1 answer
  • Which is an example of something that is inelastic?
    6·1 answer
  • 1. Which of the following can be used as the cooking liquid for a stew?
    15·2 answers
  • After a school district's annual _______ revealed potential safety vulnerabilities associated with dark and isolated parking lot
    6·1 answer
  • Robert a highly successful manager, quit his job in a large retail store so that he could start his own
    7·1 answer
  • Dante borrowed to buy a truck for his business. He borrowed from his parents who charge him simple interest. He borrowed from a
    15·1 answer
  • Jason, your client, is developing a subdivision of 140 houses. He may place deed restrictions on as many as ______ properties.
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!