Vocational education is one path to a career

Clarence is visiting his friends in Germany. Which currency will he use to pay for souvenirs?

dolphi86 [110]

If Clarence is visiting his friends in Germany, he will use euros to pay any souvenirs he buys. Other places that uses euros are Greece, Austria, Finland, and Spain.

7 0

3 years ago

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5 year plan example for high school seniors

SOVA2 [1]

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A five year plan is a list of priorities you would like to accomplish over the next several years. As well as actions you can take when you make mistakes, so that you can still meet those goals.

Hope it helps ♡♡

7 0

2 years ago

Silver Company makes a product that is very popular as a Mother’s Day gift. Thus, peak sales occur in May of each year, as shown

DochEvi [55]

Answer:

$1,259,500

Explanation:

Expected cash Collections :

April

= (April sales × 25%) + (March sales × 60%) + (February sales × 15%)

= (390,000 × 25%) + ($350,000 × 60%) + ($320,000 × 15%)

= $97,500 + $210,000 + $48,000

= $355,500

May

= (May sales × 25%) + (April sales × 60%) + (March sales × 15%)

= ($590,000 × 25%) + (390,000 × 60% ) + ($350,000 × 15%)

= $434,000

June

= (June sales × 25%) + (May sales × 60%) + (April sales × 15%)

= ($230,000 × 25%) + ($590,000 × 60%) + (390,000 × 15%)

= $470,000

Total sales collection for second quarter:

= $355,500 + $434,000 + $470,000

= $1,259,500

4 0

3 years ago

Hitzu Co. sold a copier costing $4,500 with a two-year parts warranty to a customer on August 16, 2015, for $9,000 cash. Hitzu u

dedylja [7]

Answer:

1. How much warranty expense does the company report in 2015 for this copier?

$360

2. How much is the estimated warranty liability for this copier as of December 31, 2015?

$360

3. How much warranty expense does the company report in 2016 for this copier?

$0

4. How much is the estimated warranty liability for this copier as of December 31, 2016?

$229

5a. Record the sale of a copier for $9,000 cash.

Dr Cash 9,000

Cr Sales revenue 9,000

5b. Record the cost of goods sold of $4,500.

Dr Cost of goods sold 4,500

Cr Inventory - merchandise 4,500

5c. Record the estimated warranty expense at 4% of the sales.

Dr Warranty expense 360

Cr Warranty liability 360

5d. Record the cost of $131 towards repair of copier on November 22, 2016.

Dr Warranty liability 131

Cr Inventory - repair parts 131

7 0

4 years ago

Fiona found that she had broken even when she sold 120 boxes of her homemade chocolate chip cookies. The rent for her bakery (pa

Maslowich

Answer:

$0.5 per box

Explanation:

From CVP analysis,

The break-even point = Fixed cost/contribution margin per unit

For Fiona

Break-even point =$120 boxes, fixed costs = $300

Contribution margin per init = selling price - variable costs

selling price =$5: variable costs, cookies cost $2 per box, and chocolate chips

therefore

120 = $300/ Contribution margin per unit

$120 = $300/ CM

CM = $300/$120

CM = $2.5

Contribution margin = selling price - variable costs

$2.5 = $5- cookies - chocolate chips

$2.5 =$5 - $2- chocolate chips

$2.5 -$3-chocolate

chocolate chips = $3-$2.5

=$0.5 per box

5 0

3 years ago

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