Answer:
131,250= number of units
Explanation:
Giving the following information:
<u>We need to calculate the number of units to be sold to maintain a profit of $175,000.</u>
Unitary variable cost= $3
Fixed expenses= $350,000
Selling price= $7
Net income= total contribution margin - fixed cost
175,000= number of units*(7 - 3) - 350,000
525,000 = number of units*4
525,000 / 4= number of units
131,250= number of units
Answer:
Decrease the accounts receivable account in assets section of balance sheet by $1,000
Increase the cash account in assets section of balance sheet by $1,000
Explanation:
The Accounting equation for any entity is represented by the following equation:
Assets= Equity + Liability
When the entity receive any amount from customer in respect of the any credit sale made to him, the account receivable in the asset section will be decreased by the that amount and the cash section in the asset section will be increased by that amount.
In this case, Fitch supply services shall
Decrease the accounts receivable account in assets section of balance sheet by $1,000
Increase the cash account in assets section of balance sheet by $1,000
A pension fun act as an investor by (B) The company invests the money collected from employers and/or employees.
The direct write off does not report about the bad debt and does not use the allowance where as the allowance method uses the allowance for doubtful accounts because it provides an estimate for the same.
<u>Explanation:</u>
The allowance method speaks to the accumulation and accrual basis of bookkeeping and is the acknowledged technique to record uncollectible records for monetary bookkeeping purposes. The direct write off method is utilized just when we choose a client won't pay.
The allowance method utilizes the stipend for doubtful records to catch amassed assessments of awful obligations. The direct write-off method does not report bad debt estimates; therefore, it does not use the allowance for doubtful accounts when reporting bad debts.
In the scenario in which an investigator wants to see whether packaging information affects the way teenagers rate the effectiveness of soap, the color of wrapper in addition to the intended independent variable might influence the results. The three different packages are in different colors : pink, red and white.
