The amount of a good or service buyers are willing and able to trade at a given price is known as the quantity demanded of that good or service. ... A demand schedule is the tabular representation of all the quantities demanded at different prices whereas a demand curve is a graphical manifestation of the demand schedule.
Answer:
$4,500
Explanation:
Sales to reach target profit = (Fixed Cost + Target Profit) ÷ Contribution Margin Ratio
where,
Contribution Margin Ratio = Contribution ÷ Sales
= ($2,400 - $960) ÷ $2,400
= 0.60
therefore,
Sales to reach target profit = ($900 + $1,800) ÷ 0.60
= $4,500
Conclusion
You need $4,500 to meet this profit target
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:
False
Explanation:
The material safety data sheet (MSDS) provides health and safety information about a product. This information should contain the product's potential hazards (e.g. fire, health related, etc.) and how to properly handle and store them.
Depending on the industry, a large list of materials must include their MSDS, not just chemicals, radioactive material or other hazardous products. For example, in oil refineries even paper products (toilette paper, notebooks, etc.) must include a MSDS due to high risk of fire.
Answer:
Answers are given below.
Explanation:
1-a : current net operating income: = (Sales x cm) - Fixed Expenses
= (2000 x 27 )-30000 =24000
New Sales:
(90x 2000)+ 9000=189000
Contribution Margin: =18700
189000 * 30% = 56700
New net operating income: 56700-(30000+5000)
= 21700
Decrease in net operating income= 2300
1-b = No.