Answer:
The answer is B, analysis.
He had to account for the accruals and the prepayments during the period
Explanation:
When the adjustments are made and they are posted in the ledger then it is called as the trail adjustments and the second trail balance is prepared and it is given in the accounting cycle
After all the adjustments are made they are entered in the books of the company and the main purpose of them is to check the equities between the debit and the credit
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Lindo Company incurs annual fixed costs of $80,000. Variable costs for Lindo’s product are $40 per unit, and the sales price is $64 per unit. Lindo desires to earn an annual profit of $40,000.
To calculate the sales in volume and dollars we need to use the break-even formula:
Break-even point (units)= (fixed costs + profit)/ contribution margin
Break-even point (units)= (80,000 + 40,000) / (64 - 40)= 5,000 units
Break-even point (dollars)= (fixed costs + profit)/ contribution margin ratio
Break-even point (dollars)= 120,000 / (24/64)= $320,000
D) Salaries
Revenue is the income for your business so you make a profit from fund raisers, donations and fees charged per child. You are losing revenue when you have to pay your workers salaries
