Answer:
see below
Explanation:
A
Because for the last sentence, the more proper pronoun would be "their".
Answer:The correct answer is a). $9,918.50
Explanation: In selling, the investor will use the bid price of $4.89 alongside the face value of the bill.
That is to say, the face value * (1-(bid price * no. of days)/days in a year) = 10000 * (1-(0.0489*60)/360) = $9,918.50
The accrual basis of accounting states that “expenses are matched with related revenues and are reported when the expense is incurred, not when cash changes hand”. Therefore, adjusting entries are required because of the matching principle in accounting.
Complete Question is as under:
JJ Manufacturing builds and sells switch harnesses for glove boxes. The sales price and variable cost for each follow:
PRODUCTS Selling Price Per Unit Variable Cost Per Unit
TRUNK SWITCH $60 $28
GAS DOOR SWITCH $75 $33
GLOVE BOX LIGHT $40 $22
Their sales mix is reflected in the ratio 4:4:1. If annual fixed costs shared by the three products are 18,840.
Requirement 1: How many units of each product will need to be sold in order for JJ to break even?
Requirement 2: Use the information from the previous exercises involving JJ Manufacturing to determine their break-even point in sales dollars.
Kindly Find the Solution in the attachment.
A written statement is the Answer
Hope this helps