Answer:
The correct answer is:
$80,500 (b.)
Explanation:
First of all, not that total anticipated October sales is the same thing as projected October sales. Therefore, this sale is calculated as follows:
Projected sales = 7,000
unit price = $11.50 per unit
Therefore
Price for 7,000 units = 11.5 × 7,000 = $80,500
Answer:
a) the liability recorded when cash was received is decreased by the adjustment for the revenue being earned
Explanation:
When cash is received for revenue yet to be earned, it is called deferred revenue. The entries posted at this point is a Debit to Cash (an increase in cash balance) and a Credit to Deferred revenue (a liability account). When the revenue gets earned, it get recognized with a Debit to Deferred revenue (to reduce the liability as the obligation has been fulfilled resulting in revenue being earned) and a Credit to Revenue (P/L).
Hence, the right option is a) the liability recorded when cash was received is decreased by the adjustment for the revenue being earned.
<span>10 kg of nuts
20 kg of cereal
I am going to assume that there's a typo in the question. There is no possible combination of two items where one costs $2.50/kg and the other costs $11.00/kg where the result is worth $1.50/kg. But if the cereal actually costs $1/kg, then there is a solution. That is the solution I'll show.
N = amount of nuts
(30-N) = amount of cereal
The overall equation is
2.50N + 1.00(30-N) = 30*1.50
Now solve for N. First distribute the 1
2.50N + 30 - N = 30*1.50
2.5N + 30 - N = 45
1.5N + 30 = 45
1.5N = 15
N = 10
So you need 10 kg of nuts and 30-10 = 20 kg of cereal.
Let's verify the results
10*2.50 + 20 * 1.00 = 25.00 + 20.00 = $45.00
$45.00 / 30 kg = $1.50/kg</span>
Answer:
The correct statement is: "The fixed cost per unit will decrease when volume increases."
Explanation:
Total fixed costs remain the same within a relevant range, but the <em>fixed cost per unit</em> decreases as production increases, because the same fixed costs are spread over more units produced.
Answer: 10%, fall
Explanation:
Elasticity of demand = % change in Quantity demanded/ % change in price
therefore % change in Quantity demanded
=2 x 5= 10%
ii) fall , this is due to the decrease in demand which is more than the increase in price.