Answer:
B. Increase both assets and equity by $180
Explanation:
Since Global cleaning service performed cleaning services for a departmental store for account for $180
So this transaction would be recorded as
Account receivable $180
To Service revenue $180
(Being the service performed is recorded)
By passing this journal entry, it increases the balance of the asset and together with it the equity balance is also increases due to an increase in service revenue
Answer:
Level of sales in dollars in order to generate a profit of $54,000 Fixed cost + Target profit/Contribution per unit $270,000 + $54,0000/0.75
= $432,000
Number of units to be sold
= Level of sales/Selling price
= $432,000/$36
= 12,000 units
The correct answer is A
Explanation:
In this case, we need to calculate level of sales in dollars, which is fixed cost plus target profit divided by contribution margin ratio. Then, we will calculate no of units to be sold, which is the level of sales divided by selling price.
Annually renewable term policies provide a level death benefit for a premium that 2. Increases annually.
Answer:
c. leave the production possibilities unchanged and increase their consumption possibilities.
Explanation:
Economies benefit from trade as each will produce goods with comparative advantage and trade in the foreing market Making increase their consumption possibilities as will sale good at better prices and purchase other imported goods with a lower opportunity cost. Overall economies will benefit from trade most of the times.