Answer:
Following are the journal entries to this question:
Explanation:
Date account title Dr. Cr.
Mar.2 Incorporation expense 
Common Stock (Par value
) 
Paid in excess of par- Common Stock 
(Bein 5000 common shares Of par value 
each issued )
June. 12 Cash 
Common Stock (Par value 
) 
Paid in excess of par- common stock 
(Being 63400 common shares of par value 
each issued for 
cash)
July-11 cash 
Preferred Stock (Par value 
) 
Paid in excess of par- Preferred stock 
(Being 2175 Prefered shares of par value 
each issued for 
each)
Nov. 28 Treasury Stock 
cash
(Purchased 2,350 shares of treasury stock for
).
Answer:
10 units
Explanation:
Break even point = Fixed cost/ contribution margin per unit
For Jenny,
Fixed costs = $60
contribution margin per unit= selling price - variable cost
Selling price =$15
Variable cost =$9
Contribution margin per unit
= $15 - $9
=$6
Breakeven points = $60/$6
=10 units
The objective of test marketing is to find the limitations and strengths of the product based on customers' reactions. It also helps us to structure the marketing strategy of that product. A test marketing campaign aims to predict the revenue model (sales, profit, pricing).
<span>Payment for the use of a copyrighted work is called a tax
</span>
Answer:
It is not efficiently using all of its resources.
Explanation:
PPC is the graphical representation of product combinations that an economy can produce, given resources & technology.
- Points on PPC reflect the best potential production of economy, by best efficient utilisation of available resources & technology.
- Any point under PPC reflects production under best potential of economy, by inefficient utilisation of resources.
- Points beyond PPC are unattainable, unless growth in either resources/ technology shifts the PPC curve outwards.
