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3 years ago

15

Jarvis Company produces a product that has a selling price of $25 and a variable cost of $17 per unit. The company's fixed costs

are $63,000. What is the break-even point measured in sales dollars

1 answer:

Sholpan [36]3 years ago

6 0

Answer:

The break-even point measured in sales dollars is $8

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Oriole Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $28

Tju [1.3M]

Answer:

Dr. Bad debt expense. $11,200

---------To Allowance for doubtful accounts $11,200

Explanation:

Given that:

Accounts receivable balance = $280,000

Total credit sales = $2,810,000

5% of accounts receivables will be bad debt = $280,00 × 5% = $14,000

Credit balance allowance for doubtful account = $2,800 and it must increase to $14,000 I.e $14,000 - $2,800 = $11,200

Adjusting journal entry

Dr Bad debt expense $11,200

-------- Cr Allowance for doubtful accounts $11,200

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3 years ago

If consumption increases, a) the SRAS curve will shift rightward, which will push the price level up. b) the SRAS curve will shi

SSSSS [86.1K]

Answer: Option (d) is correct

If consumption increases, the AD curve will shift rightward, which will increase the price level.

Explanation:

If the consumption increases in an economy as a result there is a rightward shift in the aggregate demand curve. This shift in the aggregate demand curve lead to increase in the price level as well as in the output level.

Because there is more demand in the economy which gives an advantage for the producer to charge higher price.

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3 years ago

Big Equipment Company sold a tractor-scraper to Ace Paving for $125,000. Ace made a down payment of $25,000 and agreed to pay th

miv72 [106K]

Answer:

a. Reformation

Explanation:

In the given instance, it is clearly observed that the Vehicle Identification Number is not correctly written in the contract, and that happened due to typing errors, and was not intentional.

In these cases the courts order to reform the contract, and then the reformed contract shall reflect the intentions of both the parties as what they intend.

In the given case also, reformation will take place as the error is not due to intentionally, fraud with the other party. Thus correct option is:

a. Reformation

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3 years ago

Civilian federal employees are also referred to as

Ulleksa [173]

Civilian federal employees are also referred to as <u> "civil servants".</u>

The civil service is free of government and made basically out of vocation civil servants procured on expert legitimacy instead of selected or chose, whose institutional residency regularly survives advances of political initiative. A civil servant or public servant is a man utilized in people in general division for the benefit of an administration office or office. The degree of government workers of a state as a major aspect of the "civil service" differs from nation to nation.

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4 years ago

4. Firm E must choose between two alternative transactions. Transaction 1 requires a cash outlay of $9,000; this expense would b

Pie

Answer:

a. Transaction 1

It is not deductible so the Taxable income is $9,000

Transaction 2

It is deductible, taxable income would be;

= 13,500 * ( 1 - Tax)

= 13,500 * ( 1 - 20%)

= $10,800

b. Transaction 1

It is not deductible so the Taxable income is $9,000

Transaction 2

It is deductible, taxable income would be;

= 13,500 * ( 1 - Tax)

= 13,500 * ( 1 - 40%)

= $8,100

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3 years ago