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Annette [7]
3 years ago
11

Smith Company sells a single product at a selling price of $30 per unit. Variable expenses are $12 per unit and fixed expenses a

re $115,920. Smith's break-even point is: Multiple Choice 3,864 units 9,660 units 19,320 units 6,440 units
Business
1 answer:
gulaghasi [49]3 years ago
7 0

Answer:

6,440 units

Explanation:

Smith's break-even point is: 6,440 units

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2 years ago
The following U.S. Treasury bond is listed in the The Wall Street Journal: Rate Mo/Yr Bid Asked 9.50 Oct 38 135:30 136:04 This $
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Answer:

6.35%

Explanation:

If you purchase this bond you will need to pay $1,000 x 136.04% = $1,360.40

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8 0
3 years ago
Morgan Manufacturing recently sold goods that cost $35,000 for $45,000 cash. The journal entries to record this transaction woul
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Answer:

The journal entries to record this transaction would include: E. a credit to Sales Revenue for $45,000.

Explanation:

When Morgan Manufacturing sold goods, the company should make two journal entry to record Cost of goods sold and Sales revenue.

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1. Debit Cost of goods sold $35,000

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2. Debit Cash $45,000

Credit Sales revenue $45,000

The journal entries to record this transaction would include: E. a credit to Sales Revenue for $45,000.

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