Answer:
1) This error will not effect balancing of trial.
2) Total difference in both columns will be of $500 and credit side of trial balance will have larger balance.
3) Total difference in both columns will be of $1,750 and debit side will exceed from credit side.
Answer:
Ans. C) 208 grandfather clocks to break even
Explanation:
Hi, First, let´s introduce the Break-even point (BEP) in units equation that we need to use.
![BEP=\frac{FixedCosts}{(Price-VarCost)} =[units]](https://tex.z-dn.net/?f=BEP%3D%5Cfrac%7BFixedCosts%7D%7B%28Price-VarCost%29%7D%20%3D%5Bunits%5D)
Therefore, our solution has to look like this:
So, in order to break-even, this company has to sell 208 clocks each year.
Note. 208 was the value obtained when the answer was rounded to the nearest unit.
If you´d like to know how much is that in dollars, you just go ahead and multiply the price by 208 and you will get.
Best of luck.
Realtors only sell land, housing and buildings.
Answer:
Before a large corporation makes any investment decision, they carry out a cost benefit analysis. In other words, before the banks install clear acrylic partitions, they will decide if the cost of installing those partitions offset the costs of the robberies. The problem with this reasoning is that all banks have insurance against robberies, so if they are robbed the insurance company pays them. So installing the partitions do not represent a lot of benefits for the bank, but they are expensive and represent a large investment. The only way that banks install them is that insurance companies force them to do so.
Answer:
average total cost per unit is not at its lowest possible cost
Explanation:
A monopolistic competition is defined as such a market where many different firms or companies sells various differentiated products. Here the firm has some control on the price of the product. It is a market structure of considerably no price competition.
The monopolistic firms are not productive enough because the output is very less than the optimum level of the society as the average total cost of the producer per unit is not at the lowest possible cost.
