No. Day trading refers to trading positions that are opened and closed the same day.
Answer:
Net account receivable
2021 $8,085
2022 $5,335
Explanation:
Calculation for the net account receivable
2021 2022
Total account receivable 14,700 9,700
(33,200-18,500=14,700)
(48,200-38,500=9,700)
Less: Allowance for doubtful accounts (6,615) (4,365)
(45%*14,700=6,615)
(45%*9,700=4,365)
Net account receivable 8,085 5,335
(14,700-6,615=8,085)
(9,700-4,365=5,335)
Therefore Net account receivable will be :
2021 $8,085
2022 $5,335
Answer:
25%
Explanation:
the formula for the margin of safety is as follows
margin = current sales level -breakeven point/ current sales level x 100
expected sales unit = 20,000 units
the break-even point is fixed costs/contribution margin
fixed costs= $360,000
contribution margin = sales price- variable costs
=61-37
=24
breakeven point = $360,000/ 24
=15000
the margin of safety = 20,000-15,000/20,000 x 100
=5000/20000 x 100
=25%
The real wage paid to the worker is 4 hamburgers per hour.
<h3>What is Wage?</h3>
- A wage is the sum of money that an employer pays an employee for work that was completed within a certain time frame.
- The minimum wage, prevailing rate, annual bonuses, and remunerative rewards like prizes and tip payments are a few examples of wage payments.
- It is broken down into two parts: a direct cost made up mostly of gross pay plus various benefits; and an indirect cost made up primarily of traditional and legal employer contributions and other fees.
- Regular and supplemental pay can be divided into two groups.
- The number of hours worked multiplied by the employee's hourly wage can be used to determine gross wages for hourly workers.
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