Answer:
Option (d) is correct.
Explanation:
Given that,
Inventory sold to Alberta, Inc. on account = $5,800
Cost of goods sold = $4,000
The journal entries are as follows:
(i) On October 1,
Accounts receivable A/c Dr. $5,800
To sales A/c $5,800
(To record the credit sale of inventory)
(ii) On October 1,
Cost of goods sold A/c Dr. $4,000
To Merchandise inventory A/c $4,000
(To record the cost of goods sold)
The damages to personal residence from hurricane in a federal disaster area would produce a deductible loss in 2022.
<h3>What losses are deductible under business?</h3>
The deductible loss must have occurred within the tax year and not have been covered by insurance. If the taxpayer suffers a loss due to a casualty or theft of their personal, household, or living property, the loss must be the consequence of an identifiable, harmful, swift, unexpected, and unusual event.
The loss must be ancillary to the operation of the assessor's business and must result directly from, grow out of, or be related in some way to that activity. No restriction on its deductibility should be stated in the Income Tax Act's requirements.
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Answer:
Number of units that must be sold to earn the target profit is 3000 units.
The contribution margin ratio is 0.70
Explanation:
We will use the break even analysis modified for target profit to calculate the number of units needed to earn the desired
The break even point in units is calculated by dividing the fixed cost by the contribution margin per unit. To calculate the number of units required to earn the desired profit, we add the desired profit to fixed cost and divide it by the contribution margin per unit.
Contribution margin per unit = 250 - 75 = $175
Number of units required to earn target profit = (325000 + 200000) / 175
Number of units required to earn target profit = 3000 units
The contribution margin ratio is = 175 / 250 = 0.7 or 70%
Dollar Sales required to earn target profit = $4,812,500
The applications of analytics are not just limited to business but extend to a wide-array of human activity. This is true.
<h3>How to illustrate the information?</h3>
Discovering, understanding, and communicating meaningful patterns in data is the process of analytics. Simply put, analytics enables us to recognize insights and valuable data that we might not otherwise notice.
Analytics combines data and arithmetic to make predictions about the future, identify relationships, and automate decision-making.
Therefore, based on the information, th
he applications of analytics are not just limited to business but extend to a wide-array of human activity. This is true.
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Answer: Option D
Explanation: In simple words, a commission broker refers to the authorized individual who deals in the stock market on the behalf of his or her client and recipients commission on the trade executed. A commission broker do not trade in his or her own account like floor trader and does not work for share in profits.
Commission brokers usually charge commissions on the amount of transactions rather than on the amount of profit from the sale. A commissions broker can be an individual or an established and registered firm.
Thus, from the above we can conclude that the correct option is D .