Answer:
given statement is true
Explanation:
given data
sells blankets = $25 each
variable cost = $10
fixed cost = $4,500,000
break minus even point = 300,000 units
to find out
true/ false
solution
we will check here break minus even point for find true or false
so here
Contribution is express as = sells blankets - variable cost
Contribution = $25 - $10 = $15
so
break minus even point = 
put here value
break minus even point = 
break minus even point = 300,000
so we can say given statement is true
Answer:
C) Telecommuting
Explanation:
Telecommuting simply means working from your home. The internet changed our lives completely, and it is also how we work. Everyday more people are starting to work from distant locations to their "main office". This means that they can be working at their house using a computer which is connected to the company's intranet.
Some of the advantages of telecommuting is that it increases efficiency by decreasing costs (you don't have to spend time going to work and you can have your office at home), reducing employee churn rate, allowing older or disabled people to work, it is good for your health, and around 65% of telecommuters in the US have have increased their work efficiency vs. their normal office work.
Answer:
The omission of this entry understated accrued liabilites. given that the related inventory was sold in year 1, it aslo overstated net income and retained earnings by understating cost of goods sold, the same effects would occur if the insurance costs were chargeable to expense as a period cost
Explanation:
Rules specify that contingent liabilities should be recorded in the accounts when it is probable that the future event will occur and the amount of the liability can be reasonably estimated. This means that a loss would be recorded (debit) and a liability established (credit) in advance of the settlement.
In 6 years you will have $7,400.
5000×0.08=400
5000+400(6)=7400
As an office manager there are ratios and reports that need to be monitored on a monthly basis while others are part of the year-end report and review. The ratios that are being chosen are Current Ratio, Operating Margin and Working Capital. The one of the practice management ratios that is the most important is the Current Ratio or also known as Solvency Ratio. Current in a financial report indicates that it can either exchange the asset to cash within a one-year period or the liability is due within one year. Current assets are assets that can be changed to cash within one year. Current assets are cash, cash equivalents, accounts receivable, bad debt allowance, and any inventory that is on hand. Current liabilities are notices that must be funded within one year. Current liabilities are all notes and accounts payable due within one year, interest payable, wages payable, and income taxes payable. It is an signal of the business ability to pay back its short term accountability. To obtain this, the business should take all the current assets and distribute to current accountability. If the current ratio is less than one, this specifies the company has more debt due within one year than it has assets it can use to pay those debts.
