Answer:
Profit and loss are directly linked to the amount of money the company is spending to run its business -- its operating expenses. So changes in operating expenses naturally affect owner's equity.
 
        
             
        
        
        
<span>The contractual standard for product safety and liability that says the buyer chose to make the purchases and knows the each purchase involves informed consent is often referred to as the standard of caveat emptor. This is simply a warning that lets the buyer know and understand the product is sold as is and is subject to all defects. Basically, another way of saying buyer be ware.</span>
        
             
        
        
        
Answer:
Explanation:
The preparation of ta static budget report for the second quarter is shown below: 
                                           CROIX COMPANY
                                          Sales Budget Report
                              For the Quarter Ended June 30, 2017
                        Second Quarter                      Year to date
 Product Line  Budget  Actual  Difference  Budget  Actual  Difference
New Guitar $383,500  $387,400 $3,900     $700,200 $690,500  $9,700
                                                       Favorable                             Unfavorable
The year to date balances are computed below:
For Budget:
= $383,500 + $316,700
= $700,200
For Actual:
= $387,400 + $690,500
= 690,500
 
        
             
        
        
        
Answer:
The answer is: $2,300
Explanation:
To determine the ending balance of the account Allowance for Bad Debts of Blended Corporation, we can use the following formula:
ending balance = beginning balance - amount wrote off + recorded bad debts
ending balance = $1,300 - $1,800 + $2,800 =$2,300
 
        
             
        
        
        
Answer:
I tried to order the information and prepared the following table:
                                                   Product A           Product B        Product C
Unit Selling Price =                        $650                $200              <u>e)$2,300</u>
Unit Variable Costs =                    $390               <u>c)$108</u>              <u>f)$1,495</u>
Unit Contribution Margin =          <u>a)$260</u>                  $92                $805
Contribution Margin Ratio =         <u>b)40%</u>               d)<u>46%</u>                 35%
contribution margin ratio = (revenue - cogs) / revenue     or      
contribution margin ratio = contribution margin / revenue