Answer:
(E) $30,000
Explanation:
For computing the annual profit, the following formula is used.
Annual Profit = Total revenues - total cost
where,
Total revenue = Number of units × selling price per unit
= 10,000 units × $40
= $40,000
And, the total cost = lease cost + installment amount + variable cost
= $100,000 + $20,000 + ($10,000 units × $15 + $10,000 units × $10)
= $120,000 + $250,000
= $370,000
Now put these values to the above formula
So, the answer would be equal to
= $400,000 - $370,000
= $30,000
The accounting book or computer program where each days transactions are first recorded is called a(n): Journal
Hope this helps!
<3
Answer:
Short term
Explanation:
A short term goal is a mission that one wishes to accomplish in the immediate future. In general, short goals are achieved within one year. Plans or objectives that are set to be fulfilled within one year or less are short-term goals. Another example of a short term goal is the purchase of household furniture.
The spa package budget will be achieved in six weeks, thereby qualifying as a short term goal. Long-term goals contrast short term goals as they take longer than one year to achieve.
Either a or c it’s one of those
Answer:
$1,667.67
Explanation:
Given:
Balance in savings account at the beginning of the year = $2,000
Price level at the beginning of the year = 100
Price level at the end of the year = 120
Anything that is worth $120 in the beginning of the year is worth $100 at the end of the year.
Anything worth $1 in the beginning is worth 100/120 at the end.
So, $2,000 is worth 
= $1,667.67 at the end of the year.
Real value of savings is close to $1,667.67.
