Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The fixed costs are $ 50,000 for proposal A and $ 70,000 for proposal B. The variable cost is $ 12.00 for A and $ 10.00 for B. The revenue generated by each unit is $ 20.00.
The break-even formula is:
Break-even point= fixed costs/ contribution margin
A) Break-even point= 50,000/ (20 - 12)= 6,250 units
B) Break-even point= 70,000/ (20 - 10)= 7,000 units
The correct answer is obviously, You recognized that it exists, i have no idea what they were smoking when they wrote this question.
Answer:
The correct option is;
d. Set aside from profit for specific purpose
Explanation:
A reserve which is a term in accounting to define a portion of the profits of the business set aside to build the financial posture of the company by expanding the business or to grow to an higher operating level
A reserve account which can be referred to as a reserve fund, is an account meant to keep a portion of the business profits to serve a particular purpose in the future.
Answer and Explanation:
The Journal entries are shown below:-
1. Salaries expenses Dr, $1,950
To Salary payable $1,950
(Being salaries expense is recorded)
2. Interest expense Dr, $150
To Interest payable $150
(Being interest expense is recorded)
3. Accounts receivable Dr, $1,600
To Service revenue $1,600
(Being sales revenue is recorded)
They have decided to sell reusable plastic bags as a replacement to the non reusable plastic bags which were polluting the environment.
