Answer: Corporate Charter
Explanation:
The Corporate Charter is a very important document that a company must fill when incorporating a business.
Even though the details vary per company based on the type of company it is as well as its size, generally the following have to be included;
- the name of the proposed corporation,
- types of activities the company will be involved in,
- amount of capital stock,
- number of directors, and
- names and addresses of the directors, is called the corporate
Answer and Explanation:
for Accounts Receivable. At year-end, the L. Cole Company has completed services of $23,500 for a client, but the client has not yet been billed for those services:
accounts receivable is debited and service revenue is credited for $23,500 because the company has provided service to customer and so company would recognize revenue by crediting service revenue for increase in revenue and since the payment is not yet made accounts receivable being asset is debited for increase in balance.
for Interest Receivable. At year-end, the company has earned, but not yet recorded, $570 of interest earned from its investments in government bonds:
interest receivable is debited and interest income is credited for $570 because the company has earned interest and so interest is income for the company and so interest income is credited for increase in revenue. The interest is yet to be received by the company and therefore interest receivable being asset is debited for increase in balance.
for Accounts Receivable. A painting company bills customers when jobs are complete. The work for one job is now complete. The customer has not yet been billed for the $1,660 of work.:
accounts receivable is debited and service revenue is credited for $1,660 because the company has provided service to customer and so company would recognize revenue by crediting service revenue for increase in revenue and since the payment is not yet made accounts receivable being asset is debited for increase in balance.
Answer:
The correct answer is letter "D": can be based on either real or perceived differences in products.
Explanation:
Product differentiation is a marketing tool companies used to distinguish their products or services from the competitions. Generally the more a product is differentiated and, thus, made unique, the more a company can charge for it. Product differentiation is usually <em>subjective </em>since its goal is to change customer's perception of the benefits of a product over another. Though sometimes the information provided can be objectively true.
The Breakeven point in Dollars is $25,000
Breakeven point in Dollars is computed as;
= Fixed cost / Contribution margin ratio
First, we need to compute the contribution margin ratio
= Contribution margin / Revenues
= $22,500 / $37,500
= 0.6%
Then,
Breakeven point in Dollars
= Fixed cost / Contribution margin ratio
= $15,000 / 0.6%
= $25,000
Therefore, Company Z Breakeven Point in Dollars is $25,000
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