Answer:
The answer is below
Explanation:
Total Variable cost = Ingredients used + Direct labor + Indirect materials and supplies + Utilities = $14,000 +$10,500 + $5,300 + $1,700 = $31,500
Total Fixed cost = Managers' salaries + Rent + Depreciation on equipment (straight-line, time basis) + Other fixed costs = $22,000 + $18,000 + $2,000 + $3,000 = $45,000
Total cost = Total Variable cost + Total fixed cost + $31500 + $45000 = $76500
Unit costs = Total cost / Number of meals = $76500 / 4500 meals = $15.30 per meal
Answer:
no cash was collected during the period
or
cash collections during the year are less than the amount of revenue recognized
Explanation:
For example if we had Accounts receivable beginning balance $ 250,000 and Sales of $ 500,000 are made on accounts then the Total Accounts receivable will be $ 750,000.
But out of the $ 500,000 sales only $300,00 cash is collected and the remaining $ 200,000 is still in the Accounts receivable balance so the ending Accounts receivable balance will be $ 250,000 + $200,000 = $ 450,000 which will be greater than beginning Accounts receivable balance.
So there are two possibilities either cash collections during the year are less than the amount of revenue recognized.
or
no cash was collected during the period.
Similarly it cannot be choice no 1 : collections during the period exceed the amount of revenue recognized
Because if more cash is collected then ending account receivable balance would be less than the beginning account receivable balance.
Choice no 3 is also wrong if cash collections are more than the ending accounts receivable balance would be less
Answer:
The manufacturer's unit price should be $12 in order to have 50,000 target profit
Explanation:
Data provided in the question:
Fixed costs = $100,000
Variable cost = $10 per unit
Break-even volume = 50,000 units
Now,
At breakeven point
Total cost = Total revenue
let the unit price be 'x'
Thus,
$100,000 + $10 × 50,000 = x × 50,000
or
$100,000 + $500,000 = x × 50,000
or
$600,000 = x × 50,000
or
x = $12
Hence,
The manufacturer's unit price should be $12 in order to have 50,000 target profit
Southern is likely to receive $14,000 for damages
A lease such as the one between Jordynne and Southern represents a contract. Due to this, it is expected both parties met the conditions previously agreed. This means:
- Jordynne should have stayed in the first site for a year.
- Southern cannot ask Jordynne to leave the site she rented.
In this context, it was Jordynne the one that breached the contract, as a consequence Southern can sue her. In this case, it is expected Jordynne has to pay the rent for the months she was not in Southern Vally Mall.
$2,000 x 7 months (she left in the fifth month) = $14,000
Learn more in: brainly.com/question/25311936
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