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3 years ago

During the past 1000 years, the income per person of the world has

Business

1 answer:

Mamont248 [21]3 years ago

5 0

Answer: Has increased.

Explanation: Income per person has increased over the years because the cost of living and expenses have also increased. As the cost of items go up, income increases to help consumers be able to afford living and purchasing goods and services.

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LO 3.3When sales price decreases and all other variables are held constant, the break-even point will ________.

miss Akunina [59]

Answer:

increase

Explanation:

Break-even point is used to determine the minimum number of units a business needs to sell in order to fully cover the fixed costs. The break-even formula is below;

Break-even = Fixed cost / (Sale price - Variable cost)

If sales price (SP) decreases while keeping other factors; variable cost(VC) and fixed cost(FC) constant, the denominator amount will be smaller, making the break- even point to increase.

3 0

4 years ago

During the year, Bears Inc. recorded credit sales of $620,000. Before adjustments at year-end, Bears has accounts receivable of

AleksandrR [38]

Answer:

Bad Debt Expense Dr. $28050

Allowance for Uncollectible accounts Cr. $28050

Explanation:

given data

credit sales = $620,000

accounts receivable = $320,000

past due = $55,000

credit balance = $2,600

rate = 7 %

rate = 22 %

solution

so here Not yet past due is = $320,000 - $55,000 -

Not yet past due = $265,000

and

past due = $55,000

so Required provision is

Required provision = $265,000 × 7 % + $55,000 × 22 %

Required provision = $30650

and

Opening balance is $2,600

Required expense for year = $30650 - $2,600

Required expense for year = $28050

so here

correct entry is

Bad Debt Expense Dr. $28050

Allowance for Uncollectible accounts Cr. $28050

8 0

3 years ago

Sheddon Industries produces two products. The products' identified costs are as follows: Product A Product B Direct materials $

bekas [8.4K]

Answer:

The cost per unit for product B is $ 15 per unit

Explanation:

Only Manufacturing Costs are used in Product Costing. Thus to find the Cost Per Unit of Product B, we Prepare a Manufacturing Cost Summary for Product B.

Step 1 Prepare a Manufacturing Cost Summary for Product B

Direct materials $ 15,000

Direct labor $24,000

Overhead costs($24,000/$36,000) × $54,000 $36,000

Total Cost for Product B $75,000

Step 2 Calculate the Cost Per Unit for Product B

Cost Per Unit = Total Cost / Number of Units Produced

= $75,000 / 5,000 units

= $ 15 per unit

3 0

3 years ago

Read 2 more answers

On September 1, Kennedy Company loaned $100,000, at 12% annual interest, to a customer. Interest and principal will be collected

GenaCL600 [577]

Answer:c. Debit Interest Receivable, $4,000; credit Interest Revenue, $4,000.

Explanation:

The interest payable = Principal x Rate x Time (period)

= $100,000 x 12% x 4/12 ( September to December)

$100,000 x 0.12 x 1/3

$100,000 x 0.04

=$4000

Journal entry to record accrued interest at Year end for loan issued on sept 1st.

Date Account titles Debit Credit

Dec 31st Interest Receivable $4000

Interest Revenue $4000

6 0

3 years ago

The unemployment rate is the percentage of the: Group of answer choices population that is unemployed. adult population that is

IRINA_888 [86]

Answer:

labor force that is unemployed.

Explanation:

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed.

The unemployment rate is divided into various types, these include;

1. Cyclical unemployment rate (CU).

2. Frictional unemployment rate (FU),

3. Structural unemployment rate (SU).

4. Actual unemployment rate (AU).

5. Natural Rate of Unemployment (NU).

Hence, the unemployment rate is the percentage of the labor force that is unemployed.

8 0

3 years ago

Read 2 more answers