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yaroslaw [1]
3 years ago
7

Which of the following is true regarding the contribution margin ratio of a company that produces only a single product? Multipl

e Choice The contribution margin ratio multiplied by the selling price per unit equals the contribution margin per unit. The contribution margin ratio will decline as unit sales decline. As fixed expenses decrease, the contribution margin ratio increases. The contribution margin ratio equals the selling price per unit less the variable expense ratio.
Business
1 answer:
Artist 52 [7]3 years ago
5 0

Answer

The contribution margin ratio multiplied by the selling price per unit equals the contribution margin per unit.

Explanation:

What happens to the contribution margin ratio of a company that produces only a single product is that the contribution margin ratio multiplied by the selling price per unit equals the contribution margin per unit

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Answer:

b. oil prices increased faster than real GDP, but real GDP still grew at a healthy pace.

Explanation:

In this example, we compare the annual price of oil and the annual increase in GDP. When we look at the two, we can see that oil prices increased faster than real GDP. Nevertheless, we can also see that GDP still grew at a healthy pace.

GDP refers to Gross Domestic Product. This concept describes the monetary value of all good and services produced within a country's borders in a certain time period. GDP does not describe all the specific economic conditions of a country. However, it is still a useful measure for politicians and researchers in order to estimate the relative health of a country's economy.

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Body organs make up the visceral mass and are protected by the __ which secretes the __
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Which of the following budgets is prepared before the preparation of the production budget? a. Sales budget b. Cash budget c. Di
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Answer:

a. Sales budget

Explanation:

Sales Budget is the starting point for the Budgetary process. The sales budget projects the number of units to be sold to meet the firms targets.

These units will then need to be used to populate the production required by the firm to meet its sales needs <em>plus</em> any inventory balances.

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The following information is from the 2019 records of Fast Lane Racing​ Gear: Accounts​ receivable, December​ 31, 2019 $ 41 comm
Snezhnost [94]

Answer:

Calculate the ending balance of Allowance for Bad​ Debts, after the adjustment for bad debts​ expense, at December​ 31, 2019.

Dr Bad Debt Expense $ 9,700

Cr Allowance for Uncollectible Accounts $ 9,700

Explanation:

  • December​ 31, 2019  

Dr Accounts Receivable  $ 41,000

  • Prior to adjustment  

Dr Allowance for Bad​ Debts $ 1,700

  • Net credit sales for 2019  

Credits Sales $ 177,000

  • Management estimates that $ 8 comma 000 of accounts receivable will be uncollectible.  

Dr Bad Debt Expense $ 9,700

Cr Allowance for Uncollectible Accounts $ 9,700

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % of accounts receivables as CREDIT.

Because the company has a debit balance in that account it's necessary to register an entry that compensate the DEBIT value and reflect A CREDIT estimated as % of account receivable.

  • FINAL Balance  

Dr Accounts Receivable  $ 41,000

Cr Allowance for Uncollectible Accounts $ 9,700

Bad accounts are those credits granted by the company and there is no possibility of being charged.

"When customers buy products on credits but the company cannot collect the debt, then it's necessary to cancel the unpaid invoice as uncollectible."

One way is to directly cancel bad debts at the time it was decided that the credit is bad, the total amount reported as bad debt expenses negatively affect the income statement and the accounts receivable are reduced by the same amount, less assets

The other way is to determine a percentage of the total amount of accounts receivable as bad debts, there are many ways to analyze accounts receivable and calculate the value of bad debts.

When the company has the percentage of uncollectible accounts, the required journal entry is Bad Expenses (debit) with Reserve for Bad Accounts (credit)

At the time of cancellation, since the expenses were recognized before, we only use the Allowance for Uncollectible Accounts (Debit)  with accounts receivable (credit), with this we are recognizing the bad credit of the company.

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Understanding its business environment and resources allows an organization to prioritize its efforts where cybersecurity risk is involved.

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Identify, Protect, Detect, Respond, and Recover are the five fundamental tasks. On its official website, NIST describes the framework core as a collection of cybersecurity initiatives, objectives, and helpful resources that are applicable to all critical infrastructure sectors.

For cybersecurity professionals, the NIST Cybersecurity Framework is a valuable resource. It is a cost-effective method for businesses to tackle cybersecurity and promote an internal dialogue about cyber risk and compliance because of its versatility and flexibility.

To know more about Cybersecurity refer to:  brainly.com/question/22586070

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