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NEW QUESTION: 1
A factory has a fixed cost of $45,000 a month, and a cost of $2.5 for every item produced. If the selling price of a single item is $5, what is the number of items must be sold monthly for the factory to cover its cost exactly?
A. 9,000
B. 18,000
C. 14,000
D. 27,000
E. 22,500
Answer: B
Explanation:
Explanation/Reference:
Explanation:
To find the number of items sold that makes the revenues equal to the cost, solve the following equation:

.

NEW QUESTION: 2

A. MAC
B. SSO
C. RBAC
D. DAC
Answer: D

NEW QUESTION: 3
You entered an invoice of 12,000 and paid it for Office Supplies. The payment was never received by the supplier, and you decide to return the entire order. What should you do?
A. Void the payment, which debits cash and credits the liability, and then cancel the invoice, which debits the liability and credits the expense.
B. Issue a credit memo, which will debit the liability and credit the expense.
C. Cancel the invoice, which debits the liability and credits the expense.
D. Void the payment, which debits cash and credits the liability, and then issue a credit memo, which debits the liability and credits the expense.
Answer: A

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