Answer:
b. $69,754
b. $69,754
b. $69,754
b. $69,754
b. $69,754
b. $69,754
b. $69,754
b. $69,754
Explanation:
contribution = sales - variable cost
for Product B32L:
contribution = sales - variable cost
= 46,000 - 13800
= $32,200
for Product K84B:
contribution = sales - variable cost
= 27,000 - 14,670
= $12,330
total sales of the company = 46,000 + 27,000
= $73,000
total contribution of the company = $32,200 + $12,330
= $44,530
cotribution margin ratio = contribution/sales
= 44530/73000
= 0.61
break even point = fixed cost/cotribution margin ratio
= 42550/0.61
= $69,754
Therefore, The The break-even point for the entire company is closest to $69,754.
Answer:
<u>B, D</u>
Explanation:
1. Alex may be favoured in court if it was proven that Alex had signed the covenant not to compete in by force or else he would have been immediately fired from MyWaze. Then he may likely gain victory.
2. The second scenario, if Alex was involved in job at Google that wasn't going to compete with MyWaze; that is rather than going to work on creating a GPS Application for Google, Alex was hired to be a programmer for Google’s e-mail system. Since the email system does not have any competition with a GPS app he may be favoured.
Answer:
$6,000
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Since the Allowance for Doubtful Accounts has a credit balance of $1,200 before adjustment at December 31, 2016, the additional amount to be allowed
= $7200 - $1200
= $6000
This will be posted as
Debit Bad debt expense $6000
Credit Allowance for doubtful debt $6000
