Answer: 5,000 units
Explanation:
Break-even points in units is calculated by;
= Fixed Costs / Contribution Margin per unit
Contribution Margin
= Sales - Variable Costs
= $40 - ( 40 * 40%)
= 40 - 16
= $24 per unit
Breakeven point
= 120,000/24
= 5,000 units
a. Single-period inventory model
In this model, inventory is ordered once at the beginning of the period, not replenished during the period, and anything left over at the end is scrapped.
Based on the information given the form of financial aid that Irene receive is: Scholarship.
Scholarship is a form of financial aid or financial assistance granted to an individual in order to support them.
Example when a person education or tuition fees is fully paid without the person paying a dime, it is called scholarship.
Based on the information given the financial aid that Irene receive is called scholarship because the university fully paid Irene tuition without Irene paying a dime.
Inconclusion the form of financial aid that Irene receive is: Scholarship.
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Hormel is giving its customers a cash discount.
<h3>What is cash discount?</h3>
Cash discount is the discount a seller give to a buyer by reducing the amount the buyer was supposed to pay because the buyer make his payment earlier.
Based on the given scenario Hormel offers is offering its food distributors a discount of 15 percent if the distributor paid within the stipulated time or period of 10 days.
Inconclusion Hormel is giving its customers a cash discount.
Learn more about cash discount here:brainly.com/question/14883253
<span>b. debit interest receivable for $500 and credit interest revenue for $500
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