Answer:
$6,014,384
Explanation:
Break even point is the level at which a firm makes neither profit nor a loss. This is the point where Profit = $0.
Break even units = Fixed Costs ÷ Contribution per unit
therefore,
Break even units = $3,236,000 ÷ ($184 x $85)
= 32,687 units
thus,
Breakeven Sales = 32,687 units x $184 = $6,014,384
The things that could make a business idea a bad opportunity is low customer deman. Option C is the answer. The other options does not result to bad opportunity. .
Answer:
The answer is
2 January
Dr: Equipment $48,750
Cr: ordinary shares $20,000
Cr: Paid in capital in excess
of par - ordinary shares $28,750
Explanation:
Cost of the equipment is:
5,000 shares x $9.75 per share
=$48,750.
Common stock (equity) is:
5,000 shares x $4.00 face value
=$20,000
Paid in capital in far more than par - ordinary shares is:
$48,750 - $20,000
=$28,750
2 January
Dr: Equipment $48,750
Cr: ordinary shares $20,000
Cr: Paid in capital in excess
of par - ordinary shares $28,750
Answer:
This is the complete question with options
Alex sees that his neighbors' lawns all need mowing. He offers to provide the service in exchange for a wage of $20 per hour. Some neighbors accept Alex's offer and others refuse. Economists would describe Alex's behavior as
A. rational self-interest because he is attempting to increase his own income by identifying and satisfying someone else's wants.
B. greedy because he is asking for a high wage that some of his neighbors can't afford to pay.
C. selfish because he is asking for a wage that is higher than others might charge.
D. irrational because some neighbors refused his offer.
The answer is A . rational self-interest because he is attempting to increase his own income by identifying and satisfying someone else's wants.
Explanation:
Alex is regarded as a rational self - interest individual because his decision focuses on his own monetary benefits which also influences the environment in which he is, in the sense that he is helping his neighbor mow their lawns.
Answer:
Journal Entry is as follows;
June 15
<em>DR</em> Accounts Payable <u>$1,000</u>
<em>CR</em> Cash <u>$400</u>
<em>CR</em> Notes Payable <u>$600</u>
