Answer:
Trial Balance of Snow Go Company
Particulars Debit$ Credit$
Equipment 88,000
Common Stock 20,000
Dividends 8,000
Salaries and Wages Payables 2,000
Accounts Payables 22,000
Notes Payables(Short Term) 19,000
Salaries and Wages Expenses 42,000
Utilities Expense 3,000
Accounts Receivables 4,000
Prepaid Insurance 6,000
Service Revenue 95,000
Cash <u>7,000</u> <u> </u>
TOTAL $<u>158,000</u> $<u>158,000</u>
Answer:
Urgency / Postponement leads to customer inelastic demand of ice melt.
Explanation:
Elasticity of demand is responsive change in demand of good, due to change in price. Formula = % change in demand / % change in price
Factors Affecting Price Elasticity of Demand : Nature of commodity, Income, substitutes availability, time period, urgency / postponement, share in total expenditure,
Inelastic Demand is when demand responds proportionately less to price change. % change in demand < % change in price
Case 'Customer critically needs ice melt to drive to work' : This has inelastic demand i.e demand less respondent to price changes (he will buy that at high price too). Such because of the urgency of this demand & less scope of its postponement.
<span>Ball bearings can face both fixed and variable costs of production. If we take a look at the fixed costs these would be: the cost of the factory, the cost of the machine, the maintenance of the machine which are needed to create the ball bearings etc. The variable costs are: the wages of the employee, the cost of the raw materials, and utilities required to create the ball bearings.</span>
Answer:
See explanation
Explanation:
We first calculate weighted avg total break even point.
The formula or this is,
Total Break even = Total fixed costs / Weighted avg contribution
Weighted avg contribution = (Contribution of A12 * Weight of A12) + (Contribution of B22 * Weight of B22) + (Contribution of C124 * Weight of C124)
Contribution/ Product =
A12 = 61 - 43 = $18
B22 = 108 - 78 = $30
C124 = 413 - 316 = $97
Thus,
Weighted avg Contribution = (18*0.56) + (30*0.27) + (97*0.17) = $34.67
Total Break even = 249624/ 34.67 = 10085 units in total
Simply multiply total break even units with each products weight to calculate qty for each product to b produced.
A12 = 10085*0.56 = 5647.6 units
B22 = 10085*0.27 = 2722.94 units
C124 = 10085*0.17 = 1714.45 units
as per the sales mix.
We can also calculate how many units of each individual product are required for break even as,
A12 = 249624/18 = 13868 units
B22 = 249624/30 = 8320.8 units
C124 = 249624/97 = 2573.44 units
Hope that helps.
Answer: 1) Drawer = B. Writer of the check. A drawer is who signs the check.
2) Drawee = F. payee. The check is in favor of this person.
3) Endorsement = D. transfer the check.
4) Post-dated check = E. future date. It is a check that can be cashed from a future date.
5) Prove cash = C. reconcile the bank statement.
7) Imaged check = A. substitute check.
