Answer:
In the following situation:
Jacob rents rooms in his hotel for an average of $100 per night. The variable cost per rented room is $20, to cover maid service and utilities. His fixed costs are $100,000 and his profit last year was $20,000.
The Jacob's contribution per unit is:
e) 80
Explanation:
To understand this answer we need to explain a few things. First of all, te contribution unit concept is used to express, identify, or define the net profit after one unit has been sold and all the expenses have been subtracted from it. The formula to obtain it is: (Total revenues- Total Variable costs) divided by total units. Following this information we have.
Total revenue is: 100 USD per night
Total variable costs are: 20 USD per night
Total units are only one.
Therefore 80 USD is our contribution per unit.
Answer:
This question is incomplete. However, I searched the web and found a similar question that is asking to "Prepare journal entries to (a)update depreciation for 2021"
Explanation:
The general journal entries will be as follows;
From Jan 1st to Sept. 1st, there are 8 months of depreciation. If yearly depreciation is $2,832, it means that monthly depreciation is $236.Therefore, depreciation expense for the 8 months would be (8*236 = $1,888). For journal entry, you will debit depreciation expense and credit accumulated depreciation;
Dr. Cr.
Depreciation $1,888
Acc. depreciation $1,888
Answer:
$88,500
Explanation:
The computation of the amount of cash reported in the balance sheet is shown below:
= Check book balance + check not included - NSF check + coin & currency on hand
= $84,800 + $1,750 - $3,730 + $5,680
= $88,500
We simply applied the above formula so that the correct amount of cash could arrive that is to be reported in the balance sheet
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Read more about MS Access
<em>brainly.com/question/24643423</em>
Answer:A. Public corporations (those whose stock are traded on exchanges) are subject to annual audit as to their compliance with GAAP.
Explanation:GAAP(Generally accepted accounting principles) is a body saddled with the response of ensuring that financial statements are prepared based on certain principles which includes the following.
OBJECTIVITY, MATERIALITY, CONSISTENCY AND PRUDENCE. All public corporations (those whose stock are traded on exchanges) are subject to annual audit as to their compliance with GAAP which regulates Their Financial statement and reports.
