Can Please Help Me: Accounting60 minutes only the given time. Wish you could help me.I will give UPVOTE and GOOD FEEDBACK. ABC Company has fixed costs of P1,000,000, Break-even sales of P 5,000,0OCand contribution margin ration of 20%. What is the projected profit atP7,500,000 sales?1. P 500,0002. P 1,500,0003. P 2,000,0004. P 4,000,000O 1O 2O 34.

Break even sales = Fixed costs / contribution margin ratio P5000000 = Fixed costs / 20% Fixed costs…

Answered: ABC Company has fixed costs of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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pls solve this ques in 10-15 minutes I'll give you multiple upvotes.
Home * CengageNOWv2 | Online teachin x +. takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How E Print Item Flexible Budget for Selling and Administrative Expenses for a Service Company Digital Solutions Inc. uses flexible budgets that are based on the following data: Sales commissions 8% of sales Advertising expense 15% of sales Miscellaneous administrative expense $10,000 per month plus 4% of sales Office salaries expense $50,000 per month Customer support expenses $20,000 per month plus 30% of sales Research and development expense $75,000 per month Prepare a flexible selling and administrative expenses budget for October for sales volumes of $500,000, $750,000, and $1,000,000. (Use Exhibit 5 as a model.) Digital Solutions Inc. Flexible Selling and Administrative Expenses Budget For the Month Ending October 31 Total sales $500,000 $750.000 $1,000,000 Variable cost: Sales commissions Advertising expense Miscellaneous…
Review the sales journal below. (Click the icon to view the sales journal.) Read the requirements. Requirement 1. Total each column of the sales journal. Date 2024 Jun. Jun. 1 8 101 Fletcher Jay 102 Iliana Flower 13 103 Jesse Thomas 28 104 George Westerberg 30 Totals 1. 2. Invoice No. Requirements 3. 4. Customer Account Debited Sales Journa Post. Accounts Receivable DR Ref. Sales Revenue CR Total each column of the sales journal. The following four-column accounts in the accounts receivable subsidiary ledger have been opened for you: Accounts Receivable-Flower; Accounts Receivable Jay; Accounts Receivable-Thomas; Accounts Receivable-Westerberg. Post the transactions to the accounts receivable subsidiary ledger. 1,260 2,225 360 900 Print The following selected four-column accounts in the general ledger have been opened for you: Accounts Receivable (112); Merchandise Inventory (118), Bal. $4,800; Sales Revenue (411); Cost of Goods Sold (511). Post the total of each column to the general…
This is a T-Account for SERVICE REVENUE FEEHere are the transactions and amounts provided. I need to find out what Transaction C is.On the Credit SideBeginning Balance $6,000Transaction A $3,00Transaction B $3,500Transaction C? is on the Debit side. How do I figure out the amount of Transaction C. Please show me how to figure that out but also provide the answer. Thanks!
Please write a general journal and general ledger (date, description, account#, debit, credit).
Please answer 1,2,3,4.it would be a great help. upvote confirm
Your company has loaned money to an outside entity. You earned the monthly interest on the loan but did not receive the payment yet. The payment is expected to be received next month. To capture the interest expected to be received in the future you have created account #901 , Interest Receivable in your chart of accounts and booked the journal entry to DR: Interest Receivable and CR: Interest Income. While the basic journal entry was correct, your manager is questioning how you setup this new account. Based on this image of the chart of accounts below what needs to be corrected and how would you correct this?
Hel Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Baker's Financial Planners purchased nine new computers for $910 each. It received a 20% discount because it purchased more than four and an additional 5% discount because it took immediate delivery. Terms of payment were 5/10, n/30. Baker's pays the bill within the cash discount period. How much should the check be? (Do not round intermediate calculations. Round your final answer to the nearest cent.) Amount $ 5835.38 8 10 of 10
Can you please show me how to workout this problem
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The balance (debt) on your credit card is $2500. Your credit card APR is 6%. You are spending $100 each month. You are paying $300 to your credit card each month. How many months it takes to pay all your debt (balance)? NOTE: you need to use Excel to find the answer to this problem (Similar to the exercise we did in the class).
not use ai please

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ABC Company has fixed costs of P1,000,000O, Break-even sales of P 5,000,000 and contribution margin ration of 20%. What is the projected profit at P7,500,000 sales? 1. P 500,000 2. P 1,500,000 3. P 2,000,000 4. P4,000,000