Answer:
Accounts Adjusted T-Balance Income Statement Balance Sheet
Debit Credit Debit Credit Debit Credit
Cash $8,800 $8,800
Inventory $77,750 $77,750
Sales Revenue $446,000 $446,000
Sales Returns $9,210 $9,210
and Allowances
Sales Discounts $4,730 $4,730
Cost of Goods $243,700 $243,700
Sold
Based on the cost of the management service, Plum Company on July 1 should record A debit to a prepaid expense and a credit to cash for $7,500.
<h3>What should Plum record?</h3>
The entire amount of $7,500 is being paid for a service that has not yet happened so they will go to the Prepaid expense account. As this is an expense, it is debited when it is increased.
Cash should then be credited by the same amount to show that it is reducing.
Find out more on prepaid expenses at brainly.com/question/14806222.
Answer:
(A) $700,000
(B) 12,308 units
Explanation:
(A) The before-tax profit that is needed to achieve an after-tax target of $420,000 can be calculated as follows
= after-tax income/1-tax rate
= $420,000/(1-40/100)
= $420,000/1-0.4
= $420,000/0.6
= $700,000
(B) The number of units that will yield operating income can be calculated as follows
= desired contribution margin/Contribution margin per unit
Desired contribution margin= $445,000 + $295,000 + $700,000
= $1,440,000
Contribution margin per unit= 300-(90+66+15+12)
= 300-183
= 117
Therefore the number of units that will yield the operating income is
= 1,440,000/117
= 12,308 units
Fiber one cereal costs about the same as apple jacks, boo berry, multigrain cheerios, cinnamon toast crunch, Crispix, and corn flakes. this is an example of status quo pricing.
In status quo pricing, you choose to sell your product at a set price that everyone else is selling their product to.
An oft-cited example of status quo pricing is the soft drink industry. Prices for bottles of soda tend to be fairly constant, whether it's a Coca-Cola product or a Pepsi product. and Pepsi typically represents the status quo when it comes to pricing.
Learn more about total costing here: brainly.com/question/25109150
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