I am not 100% sure but I think it would be B a loan officer
Determining the burn rate and measuring costs to the baseline are elements of Expenditure activity.
Burn rate is simply associated with the total expenditure that is being done in a month and it also does not consider the cash inflows or we can see inflow of the revenue.
What is Burn Rate?
It is basically a measure of how the company spends its supply of cash as well as how fast it spends. When a company loses money then it is known as Burn Rate. It is generally expressed in monthly terms. It is simply considered as a measure of negative cash flow. A venture capital of a company is given to finance overhead before generating positive cash flow from operations.
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Gaining a profit from sold goods is helpful because the use of scarce resources is optimized. It also provide jobs. The bad side of being in a profit motive business is that some may be tempted to deal with customers . I think that a profit motive business is a good thing.
Answer: 1250
Explanation:
Let's go in stages,
Gizmos are sold for $80 and have a variable cost of $36. Subtracting that would give us $44. This is the Contribution margin of Gizmos.
Gadgets are sold for $50 and have a variable cost of $22. Subtracting that would give us $28. This is the Contribution margin of Gadgets.
The text says that 3/4 of goods sold are Gizmos with the rest being gadgets.
Let's account for that using their contribution margins.
This means that Gizmos contribute 3/4 from their CM which we'll calculate as,
= 3/4 * 44
= 33
Gadgets would be
= 1/4 * 28
= 7
The Weighted Average contribution margin for both goods in their selling proportion is therefore,
= 33 + 7
= $40
If they make $40 as the weighted average CM then to find the amount of units needed to break even with a fixed cost of $50,000 can be calculated by dividing the fixed costs by the Weighted Average CM which would be,
= 50,000/40
= 1250
They would need to sell 1250 total units in order to break even with a product mix of 3/4 Gizmos and 1/4 Gadgets.
Please do react or comment if you need any clarification. Thank you.
Answer:
Year end Adjusting Entry
Dr. Cr.
1.
Interest Revenue $410
Rent Revenue $410
2.
Property Tax Expense $800
Property Tax payable $800
3.
Service Revenue $3,300
Unearned Service Revenue $3,300
4.
Interest Revenue $300
Rent Revenue $300
5.
Salaries Expense $650
Salaries Payable $650
