This is true statement. Economic stability is a situation in which the economy experiences constant growth and low inflation.
Answer:
May 1 2022 Cash 435540 Dr
Notes Receivable 408000 Cr
Interest Revenue 12240 Cr
Interest Receivable 15300 Cr
Explanation:
The interest revenue for 5 months was already recorded on 31 december against an interest receivable account that has a balance of 5 months of interest due.
The interest on note for 9 month period is = 408000 * 0.09 * 9/12 = $27540
The 5 month interest recorded on 31 december is 408000 * 0.09 * 5/12 = 15300
Thus, the interest revenue to be recorded on May 1 will be 4 months interest that is 27540 - 15300 = 12240
It can be deduced that Greenhouse Group became a multinational organization.
<h3>What is a multinational organization?</h3>
A multinational organization simply means a company that operates in more than one country.
In this case, since the company decided to set up a facility in London to meet the increased demand in foreign sales,the company is now multinational.
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Determining the burn rate and measuring costs to the baseline are elements of Expenditure activity.
Burn rate is simply associated with the total expenditure that is being done in a month and it also does not consider the cash inflows or we can see inflow of the revenue.
What is Burn Rate?
It is basically a measure of how the company spends its supply of cash as well as how fast it spends. When a company loses money then it is known as Burn Rate. It is generally expressed in monthly terms. It is simply considered as a measure of negative cash flow. A venture capital of a company is given to finance overhead before generating positive cash flow from operations.
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Answer:
Break-even point (dollars)= $600,000
Explanation:
Giving the following information:
Selling price per unit= $10
Variable costs per unit= $4
Fixed costs= $120,000
Desired profit= $240,000
To determine the sales level to achieve the desired profit, we need to use the break-even point in dollars formula:
Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio
Break-even point (dollars)= (120,000 + 240,000) / [(10 -4)/10]
Break-even point (dollars)= 360,000/ 0.6
Break-even point (dollars)= $600,000
