Answer:
E. Debit Notes Receivable $8,200; credit Sales $8,200
Explanation:
According to the problem, computation of the given data are as follows,
Sales on credit = $8,200
Notes receivable = $8,200
So, journal entries of the sales transaction are as follows,
Notes receivables A/c Dr. $8,200
To, Sales A/c. $ 8,200
(Being sales of equipment is recorded)
Answer:
input prices decrease.
Explanation:
Aggregate supply is also called domestic final supply is the total supply of goods and services that is made available in an economy in a given period of time. It looks at the national supply of all goods and services.
If there is a decrease in input prices, supplier's cost of doing business reduces and he will have more money to engage in more production. This will result in increased production and a shift of aggregate supply curve to the right.
This is illustrated in the attached diagram.
Answer:
Bursar Office or Admin Office
Explanation:
The Bursar is the person who is assigned the task to manage the financial affairs of the university. So it is better that you visit bursar office so that he can better guide you about the payment process because every university follow different procedures. It is also possible that the bursar's office might not be named as Bursar Office, it may be named as "Admin Office" or "Accounts Office".
Answer:
$12.50
Explanation:
Variable costs are those costs which changes with the change in activity driving the cost (Sales. production etc.). It can be direct or indirect costs.
Whereas fixed costs are those costs which remains constant and do not change with the change in activity.
All the following costs are variable costs
Average Cost per Unit
Direct materials $6.45
Direct labor $3.30
Variable manufacturing overhead $1.25
Sales commissions $1.00
Variable administrative expense <u>$0.50</u>
Total variable cost per unit <u>$12.50</u>
All the following costs are fixed costs.
Fixed manufacturing overhead $3.00
Fixed selling expense $1.05
Fixed administrative expense $0.60
