Answer:
Answer is in table which is attached in the attachment. Please refer to the attachment.
Explanation:
<em>Calculations:</em>
Status quo: Revenue 30* 200= 6000, VC 30*20= 4000, CM 6000-4000= 2000, 2000-3000= -1000 (Contribution Margin – fixed cost = Profit/Loss)
(b) Since the loss is less in Advertising even after $300 cost of advertisement, so we would choose the option 3 for advertising.
(c). In order to survive in the period of recession, a business needs cash and reducing operation expenses can do it better. This business is in loss from last three months so it might be useful to shut down the business for some period.
The answer is : b. An externality
The example of an Externality is air pollution from Car emission
The air pollution is not technically covered and intended by the car manufacturing company , but it harm a third party ( civilians) who do not involved in the car production
Answer:
Answered
Explanation:
The order of steps in the accounting cycle.
1 Transactions are analyzed and recorded in the journal.
2 Transactions are posted to the ledger.
3 An unadjusted trial balance is prepared.
4 Adjustment data are assembled and analyzed.
5 An optional end-of-period spreadsheet (work sheet) is prepared.
6 Adjusting entries are journalized and posted to the ledger.
7 An adjusted trial balance is prepared.
8 Financial statements are prepared.
9 Closing entries are journalized and posted to the ledger.
10 A post-closing trial balance is prepared.
Answer: general revenue-dedicated funds budget
Explanation: The general revenue-dedicated funds budget is a type of budget (the amount of money earmarked for a particular institution, activity or time-frame) that is comprised of funds for dedicated revenues that target money for specific purposes. The fund is designated dedicated because by law is dedicated, appropriated or set aside for a limited object or purpose in the State Treasury, a separate account or fund in the General Fund in the State Treasury and does not include a trust or revolving fund.
