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MrRissso [65]
3 years ago
11

During the year, Cheng Company paid salaries of $24,000. In addition, $8,000 in salaries has accrued by the end of the year but

has not been paid. The year-end adjusting entry would include which one of the following? Can anyone figure this out? Explain why?
A. Debit to Salaries Expense for $32,000.
B. Credit to Salaries Expense of $8,000.
C. Debit to Salaries Payable for $24,000.
D. Credit to Salaries Payable for $8,000.
Business
1 answer:
posledela3 years ago
8 0

Answer:A

Explanation:just answered it nd believe it is the answer

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Use the following information to determine the break-even point in units (rounded to the nearest whole unit): Unit sales 58,000
Tema [17]

Answer:

29,394 units

Explanation:

The formula for break even point is given as Fixed cost / Contribution margin.

Where;

Contribution margin = Sales per unit - Variable cost per unit

Given that ;

Fixed cost = $194,000

Unit selling price = $14.90

Unit variable cost = $8.30

Therefore;

BEP(units) = $194,000 / $14.90 - $8.30

= $194,000 / $6.6

= 29,394 units

5 0
3 years ago
Marketing intermediaries add value and create efficiencies by:
Kisachek [45]

Marketing intermediaries add value and create efficiencies by:

a. providing convenience.

c. reducing the number of exchanges between producers & buyers

d. performing necessary activities such as storage and transportation

<h3>What are marketing intermediaries?</h3>

Marketing intermediaries can be defined as organizations that are saddled with the responsibility of transporting goods and services from producers (manufacturers) to businesses, and from businesses to consumers (B2C).

This ultimately implies that, marketing intermediaries are able to add value and create efficiencies by providing convenience and performing activities such as transportation and storage.

Read more on marketing intermediaries here: brainly.com/question/17367610

#SPJ1

Complete Question:

Marketing intermediaries add value and create efficiencies by:

a. providing convenience

b. eliminating activities such as transportation & storage

c. reducing the number of exchanges between producers & buyers

d. Performing necessary activities such as storage and transportation

6 0
1 year ago
Read 2 more answers
Walters Corporation sells radios for $50 per unit. The fixed costs are $525,000 and the variable costs are 60% of the selling pr
anyanavicka [17]

Answer:

26,000 units  

Explanation:

The computation of the new break even point in units is shown below:

= (Fixed expenses ) ÷ (Contribution margin per unit)  

where,  

Fixed cost = $525,000 + $125,000 = $650,000

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $50 - $25

= $25

So, the break even point in units is

= $650,000 ÷ $25

= 26,000 units  

3 0
3 years ago
Read 2 more answers
Sheridan Company has received a shipment of suits that cost $140 each. If the company uses cost-plus pricing and applies a marku
timama [110]

Answer:

Selling price= $224

Explanation:

Giving the following information:

Unitary purchase cost= $140

Mark-up percentage= 60%

<u>To calculate the selling price per unit, we need to use the following formula:</u>

Selling price= unitary cost*(1 + mark-up)

Selling price= 140*1.6

Selling price= $224

5 0
2 years ago
Making your own decisions in a market economy also benefits the producers who make products because they __________ from your pu
Softa [21]
If this is a multiple choice question and if i get it wrong, im sorry.
I'd guess benifit? lol
7 0
3 years ago
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