Answer:
Eric Pense Journal Entries:
a. Dr Cash$23,000
Dr Office Equipment12,000
Cr Pense, Capital$35,000
b. Dr Land $8,000
Dr Building $33,000
Cr Cash$15,000
Cr Notes payable$26,000
c.Dr Supplies 600
Cr Accounts payable$600
d.Dr Automobile$7,000
Cr Capital$7,000
e.Dr Office Equipment$1,100
Cr Accounts payable$1,100
f.Dr Salary $800
Cr Cash$800
g.Dr Cash$2,700
Cr Fees Earned$2,700
h. Dr Utilities Expense$430
Cr Cash$430
i.Dr Account payable$600
Cr Cash$600
J. Dr Office Equipment $4,000
Cr Cash$4,000
k. Dr Accounts receivables$2,400
Cr Fees Earned$2,400
l. Dr Salary$800
Cr Cash$800
m. Dr Cash$1,000
Cr Accounts Receivable$1,000
n.Dr Pense, Withdrawal$1,050
Cr Cash$1,050
Explanation:
Answer:
$114,320
Explanation:
The computation is shown below:
The margin of safety equals to
= (Expected sales units - break even sales units) × Selling price per unit
where,
expected sales units = 4,329 units
Break even sales units = 2,900 units
And, the selling price per units is $80 each
So, the margin of safety in dollars is
= (4,329 units - 2,900 units) × $80
= 1,429 units × $80
= $114,320
This is the answer but the same is not provided in the given options
I'm pretty sure, financial services sales agent a.k.a stockbrocker
Answer:
Option B Complementary
Explanation:
The reason is that increase in one product (Sneakers) purchases increases the purchases of other product (socks) which is compulsory. In this case we see that the sneakers prices have increased which led to decrease in sales of sneakers and also a decrease in the socks sales is witnessed. This is beacause the sale of one product is directly proportional to other and this relation is also known as complementary relation among products.