This pie chart shows a sample weekly budget. In this budget, how much money is going toward optional expenses? $70 $75 $10 $35

The break-even point is the sales level at which a company_______________.a. incurs a loss. b. contribution margin equals fixed

Neporo4naja [7]

Answer:

b. contribution margin equals fixed costs

e. has a profit of $0.

Explanation:

The break even point is the point in which the firm has no profit and no loss situation. When it meets we called as break even point.

So, the break even point is the point at which the profit is zero plus the contribution margin equals to the fixed cost i.e means

Contribution margin = Fixed cost

Sales - variable cost = Fixed cost

If both are equal so it seems the profit is zero

4 0

3 years ago

The accounting principle that guides accountants, when faced with a recognition dilemma, to choose the alternative that produces

Minchanka [31]

Answer:

Conservatism

Explanation:

Conservatism also known as the "doctrine of prudence" is a principle where by the accountant plays safe by anticipating future losses without considering future gains.

5 0

4 years ago

Which of the following is not an example of an unhealthy company culture?

densk [106]

Answer: The following is not an example of an unhealthy company culture: A slowly evolving culture

In the given question it can be stated that apart from option (d) , all other option are an example of an unhealthy company culture. This is so as, the slow evolving culture in an organization is still open to change and does adapt to the need of the surroundings as time evolves, whereas; other given option does not.

Therefore , the correct option in this is (d)

8 0

3 years ago

A major accounting contribution to the managerial decision-making process in evaluating possible courses of action is to a. assi

mojhsa [17]

Answer:

provide relevant revenue and cost data about each course of action.

Explanation:

Accounting reports are extremely relevant for business decision making. It can help executives make more effective decisions based on periodic cost and revenue accounting data that will guide management to know the real situation of the company, and thus identify the best strategy to correct potential problems.

7 0

3 years ago

A homeowner has a mortgage balance of $149,570.75. If the interest rate on the loan is 9.5% and the monthly payment is $1,303.55

nalin [4]

Answer:

Principal balance at the end of year 2 = 149,330.9079

Explanation:

Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.

We will use the following relationships:

Interest paid = Interest rate × loan balance

Principal paid = Monthly installment - Interest paid

Principal balance= loan balance - principal paid

Year 1

Interest paid = 9.5%/12 × 149,570.75 = 1,184.101

Principal paid in year 1 = 1,303.55 - 1,184.101 = 119.448

Principal balance = 149,570.75 - 119.448= 149,451.3018

Year 2

Interest paid = interest rate × loan balance in year 1 = 1183.156

Interest paid = 9.5%/12 × 149,451.3018 = 1183.156

Principal paid = 1,303.55 - 1183.156139 = 120.393

Principal balance at the end of year 2= Principal balance in year 1 - Principal paid in year 2

= 149,451.3018 - 120.393861 = 149330.9079

Principal balance at the end of year 2 = 149,330.90

8 0

3 years ago