Answer:
a. 22,400 units
b. 27,600 units
Explanation:
Break even point is the level of Activity where a firm neither makes a profit nor a loss.
<em>Break -even (units) = Fixed Costs / Contribution per unit</em>
<u>Contribution per unit</u>
Contribution per unit = Sales per unit <em>less</em> Variable Cost per unit
= $66 - $44
= $22
Break -even (units) = $492,800 / $22
= 22,400 units
<em>Sales units to reach a target profit = (Target Profit + Fixed Costs) / Contribution per unit</em>
= ($114,400 + $492,800) / $22
= $607,200 / $22
= 27,600 units
The contract piece of information in the sales contract does not help the parties specify exactly which property is being purchased.
As explained above, the sales contract should include buyer and seller information, legal description of the property, closing date, down payment amount, contingencies, and other important information about the sale. The essential elements of a sales contract are: (b) identify the subject; (c) prize money or its equivalent;
As a general rule, the full sales contract clause should state that the written contract constitutes the entire agreement between the parties. The clause must also state that the contract supersedes any previous agreements between the parties.
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Answer:
D) only revenue is recorded each time a sale is made.
Explanation:
When a company uses a periodic inventory system, the cost of goods sold is calculated only after the physical inventory count is completed. This physical count is done periodically and may happen once every few months or even once a year.
The periodic system is obsolete nowadays and cheaper technological solutions make it easier for companies to use a perpetual inventory system which is much better in every possible way.
Answer:
Critically reflect on 2 the serious issue of law and order being faced by Pakistani nation today and write a letter to the editor of an English newspaper and express your the serious issue of law and order being faced by Pakistani today and write a letter to the editor of an English newspaper and express your opinion as a responsible citizen to improve the situation. the serious issue of law and order being faced by Pakistani today and write a letter to the editor of an English newspaper and express your opinion as a responsible citizen to improve the situation.
Explanation:
Answer: D. If one country creates all the reserves it can prevent other countries from trading.
Explanation:
<em>Ditching the Dollar</em> refers to a movement by nations to reduce the dependence on the US. dollar for transactions.
The USD is the major currency for trade around the world with it accounting for the currency of use in more than 50% of the entire World trade. This was due to the Bretton Woods Agreement and System which at the time pegged the USD to gold and other currencies at certain value to the USD.
The influence the USD gained that day continues today. Countries however are increasing becoming fed up by the United States using the Dollar to impose trade restrictions and sanctions on countries and then requiring everyone to fall in line because trades are mostly done in the currency controlled by the US, the USD.
For instance, when sanctions were imposed on Iran, the European Union looked for alternative means of payment for Iranian oil.
Ditching the Dollar therefore argues that having multiple reserve currencies to choose from is healthy because one country will not be able to control world trade as the US has.