Answer:
The fixed costs per unit when 20,000 units are produced are $6.05 per unit.
Explanation:
Fixed costs per unit can be determined by using the following formula:
Fixed costs per unit = Total fixed costs/ number of units are produced
In a company, Total fixed costs do not depend on the level of activity (Fixed costs do not change).
In the company, Total fixed cost = $11 x 11,000 = $121,000
When 20,000 units are produced, Fixed costs per unit = $121,000/20,000 = $6.05 per unit.
Answer:
The expected ending balance on November 30 will be $134,500
Explanation:
Sales Collected (165,000*70%) $115,500
Expenses paid ($36,000)
Cash Opening $55,000
Cash ending Nov 30 $134,500
It should be noted that Personal selling requires that sales associates be friendly, knowledgeable, and helpful.
<h3>What is Personal selling all about?</h3>
Personal selling can be regarded as face-to-face selling where someone who is the salesman tries to convince the customer in buying a product.
It serves as a promotional method by which the salesperson uses his or her skills to sell goods.
Learn more about Personal selling at;
brainly.com/question/7156426
Answer:
$11,000
Explanation:
Data provided as per the requirement of net income for year 1 is here below:-
Provided consulting services = $50,000
Paid rent expense = $12,000
Paid employees salaries = $27,000
The computation of net income for Year 1 is shown below:-
Net income for Year 1 = Service revenue - Rent expense - Salary expenses
= $50,000 - $12,000 - $27,000
= $11,000
Therefore for computing the Net income for Year 1 we simply applied the above formula.
