Answer:
September sales in dollar 210,000
Explanation:
<u>To get the total dollar sales for September first, we need to calculate how many units are expected.</u>
The previous month, is August and we expect sales to grow at 5%
So we can calculate:
August sales in units 8,000
September = August + 5%
September = 8,000 x 1.05 = 8,400 units
<u>Now, we multiply by the selling price with september sales. This will be our total revenue</u>
8,400 units x $25 each = $210,000
Answer:
The correct answer is option b.
Explanation:
A monopolist is the only firm in its market. It is the price maker and faces a downward-sloping demand curve. There is a restriction on the entry of new firms. So the monopolist can earn more than normal profit in both short-run as well as long run. The other firms can not join the market because of barriers to entry. So unlike a perfectly competitive firm, the monopolist will continue to earn super normal profits in the long run as well.
Answer:
Current liabilities $3.2 million
long-term liabilities =$16 million-$3.2 million-$3.2 million=$9.6 million
Explanation:
The amount classified as current liabilities as at 31st December 2018 is the portion of the loan repayable within a year,that the repayment due at 31st December 2019 which is $3.2 million.
The amount to be classified as long term liabilities is the balance of the loan after having taken out the payment in year 1 as well as the repayment to be made in year 2
Answer:
The following are the advantages of maintaining books of original entry: (i) Future references to transactions become easy as transactions of similar nature are recorded in one journal. (ii) Mistakes in ledger accounts can be easily detected. (iii) Chronological recording of transactions reduce the chance of frauds.
Explanation:
In a country with a high uncertainty avoidance majority of people have an increased level of anxiety about uncertainty and ambiguity
