Answer:
Break-even point in dollars= $45,467,000
Explanation:
Giving the following information:
Last year, 80% of its revenue came from the delivery of mailing "pouches" and small, standardized delivery boxes (which provides a 20% contribution margin). The other 20% of its revenue came from delivering non-standardized boxes (which provides a 70% contribution margin). With the rapid growth of Internet retail sales, Express believes that there are great opportunities for growth in the delivery of non-standardized boxes. The company has fixed costs of $13,640,100.
Weighted average contribution margin ratio= (0.80*0.20) + (0.20*0.70)= 0.3
Break-even point in dollars= fixed costs/ contribution margin ratio
Break-even point in dollars= 13,640,100/0.30= $45,467,000
In the check register this would be added as a credit + to the account. This is due to it increased the account balance.
Answer:
Zero
Explanation:
Under the accrual method, revenue is recognized once the recognition criteria is met. These includes;
- the goods have been delivered or the service rendered
- the affiliated cost for such revenue can be reliably measured
When revenue is earned but cash is yet to be received,
Debit Accounts receivable
Credit Revenue account
When cash is received,
Debit Cash account
Credit Accounts receivable.
Since the items were delivered in April, any amount received as revenue in March will be deferred. As such, no revenue will be recognized in the income statement for March.
Answer: The correct answer is "e. Products with a significant chip-based component rapidly fall in value and can cause huge losses when overproduced.".
Explanation: The statement "Products with a significant chip-based component rapidly fall in value and can cause huge losses when overproduced." is a valid reason for chip manufacturers to carry minimal inventory Since if you did not have a minimum inventory, you could incur large losses, as a result of a fall in the value of products with a chip-based component.
A credit score is a statistical number that depicts a person's creditworthiness. Lenders use a credit score to evaluate the probability that a person repays his debts. Companies generate a credit score for each person with a Social Security number using data from the person's previous credit history. A credit score is a three-digit number ranging from 300 to 850, with 850 as the highest score that a borrower can achieve. The higher the score, the more financially trustworthy a person is considered to be.
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