Committee? Not sure but best guess.
He would also receive a shares in the cooperative corporation as he received a proprietary lease for his unit.
<h3>What is a proprietary lease?</h3>
This refers to an occupancy agreement that gives the shareholder in a housing cooperative the right to occupy a particular dwelling unit.
Hence, in the context, Evan would also receive a shares in the cooperative corporation as he received a proprietary lease for his unit.
Read more about proprietary lease
<em>brainly.com/question/14527094</em>
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Since the transaction was on account basis, the journal entry will be:
debit accounts receivable for $625
credit sales $625
the account title accounts receivable was used because the debtor didn't pay for the merchandise and the sales account was used because the company gain income from that transaction.
Answer:
Option C) Medoc Company's Break Even Point is 34,100 Units
Explanation:
Break Even point is defined as the level of activity or production at which the company's Total Sales Revenue is equal to its total expenses. In other words, Break Even Point is No Profit, No Loss Point.
Break Even Point in Units = Total Fixed Costs ÷ Contribution Per Unit
where:
Contribution per unit = Selling Price per unit - Variable Costs per Unit
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<u>Calculations:</u>
Contribution per Unit = $6.30 - $4.55 = $1.75
Break Even Point in Units = $59,675 ÷ $1.75
Break Even Point in Units = 34,100 Units
Answer:
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