Answer:
The break even point in units is 2,425.33.
Explanation:
The break even point is how many units you have to sell to pay the fixed costs. The selling price per unit is 124 and the cost per unit is 94. The contribution margin is 124-94 = 30. This means that per every unit you sell, you have $30 for paying the fixed costs. So, the total units for paying all the fixed costs are 72,760/30 = 2,425.33.
Answer:
The recession accelerates
Explanation:
Recession is an economic phase where economy is generally slow with low GDP and high inflation. In order to avoid recession it is important that market forces run and move on their own without government influence. If an economy is in recession, a decrease in demand and production will lead to more panic and shortage that will accelerate recession.
Answer:
Some African countries have mortality rates over 10%. For example, according to the most recent CIA estimates, in countries like Somalia, Central African Republic, Niger and Chad, there are around 90 deaths per 1,000 live births, which is a lot.
This extremely high mortality rate affects economic growth in the long run. First of all, most economists agree that human capital is the most important form of capital, and the one that helps boost economic growth the most.
Every child who dies is potential human capital loss (and a moral tragedy as well).
If medical aid increased in those African countries, and less children died at a young age, those children would help develop the economies. However, education is also needed. If the children survive but are not well-educated, they will not be very productive in the modern economy, which is knowledge-oriented.
Answer:
Savings, taxes, and imports are "leaked" out of the main flow
Explanation:
Answer:
B) Debit Sales Revenue for $7,968, debit Sales Discounts for $332, and credit Accounts Receivable for $8,300.
Explanation:
The journal entry is shown below:
Cash A/c Dr $7,968
Sales Discount A/c Dr $332
To Accounts receivable $8,300
(Being cash received recorded)
The computation of the account receivable
= Credit sales - returned goods
= $9,000 - $700
= $8,300
And, the discount would be
= Accounts receivable × percentage given
= $8,300 × 4%
= $332
The remaining amount would be credited to the cash account.
