EasyFind manufactures and sells golf balls. The company is conducting a price test to find a better price point. Presently their golf balls sell for $23 per dozen. Their current volume is 4,970 dozen per month. They are considering reducing their sales price by 22% per dozen. What % increase in unit sales is necessary to achieve the same level of total contribution?

Q: Encashing the bill before the due date is called from bank

A: Introduction: Bills of exchange: Bills of exchange is mostly used for international trade. Its an…

Q: Explain the alternatives in accounting for prepaids.

A: Prepaid expenses: Prepaid expenses refer to the payments which are made in advance and the amount…

Q: What is Balanace of Payment

A: Balance of Payment is a statement of monetary transactions made and records  between residents of a…

Q: Explain receivables conversion period

A: It is the time interval connecting the sale of the last item using a credit card and cash receipts…

Q: How to calculate inventories

A: Inventories are the assets for the business in which the company is dealing for earning the income…

Q: What is the use of payment request forms?

A: Payment request form a requisition form used for the request for payment. This request is a non…

Q: A. What document is used to create the Purchase Order in the Expenditure Cycle and wheredoes it come…

A: Answer a: The purchase requisition document is used to create the Purchase Order. It comes from the…

Q: What are the special forms of payment? Give examples for each.

A: Unless otherwise stated, the obligation to deliver begins when the contract is signed. The creditor…

Q: of computing vat payable

A: VAT refers to the type of tax imposed by the government over the sale of goods and services.

Q: __________ is the crediting of one account through the abstraction of money from another account. A.…

A: This relates to ‘fraud’ with regards to different set of accounts. There are different types of…

Q: Show how to insert formula in excel

A: Perpetuity: It is a stream of cash flow that is presumed to continue for an indefinite period.

Q: Define bookkeeping in your own words

A: Accounting is the process using which daily business transactions are kept in the form of a proper…

Q: what would you consider a complete final Accounts ready for publication?

A: Final Accounts is the complete set of financial statements which shows the financial information of…

Q: Hi can you show how to calculate the totals please

A:

Q: Billed customers for delivery services rendered what would be debited?

A: Billing to Customers - When company provide service to customer either in cash or on account both…

Q: Determine whether each cash payment procedure is an internal control strength or weakness. Cash…

A: Note: Since you have posted multiple questions, we will solve the first question. Please submit a…

Q: what are the sundries account? explain

A: Sundries account is a general ledger account used to record miscellaneous transactions. Following is…

Q: What is a credit memo? Why it is used? Give an example?

A: Credit Memorandum: This is a document by the seller for the reduction in the amount owed by the…

Q: What is accounting explain briefly?

A: Accounting is a broad term and it also has many branches like Cost accounting, Management…

Q: The Write Checks window can be used to pay expenses such as rent, utilities, and insurance. Group of…

A: An expense or an outlay is the amount that is incurred by an entity to generate income and to manage…

Q: Give two examples of using annuities

A: Introduction: An annuity is an insurance contract issued and sold by a financial institution, whose…

Q: what are vostro account and nostro account? What are the four types of cover reimburse  methods in…

A: What are Vostro Account and Nostro Account

Q: Define prepaid accounts? Give example?

A: Prepaid account: It is an account which records the prepayment transactions. From the buyer’s point…

Q: Surcharge

A: Surcharge is charged on Tax . Surcharge is not levid on every person. Surcharge applicable only not…

Q: what is accounts payable?

A: Liabilities: The claims creditors have over assets or resources of a company are referred to as…

Q: how to understand the characteristics of letter of credit

A: A letter or document issued by the bank in order to give guarantee payment to the seller is referred…

Q: Cullumber College pooled the individual investments of three of its funds on December 31, 2024. The…

A: Journal entry records the accounting transactions of a business in a journal book. All the business…

Q: Which of the following forms cannot be customized? Select one: A. Estimate B. Sales Receipt C.…

A: Under QBO there is a feature to customize your forms.

Q: Give an example of accounts receivable.

A: The account receivables are also known with the name of debtors. These are the values due to a firm…

Q: can you help with the t account

A: The question is asking about T accounts. Please refer attached image in step 2 and 3 for T account…

Q: Explain an example of prepaid expenses.

A: Definition:   Prepaid expense: Expenses of future period are paid in advance. These expenses are…

Q: Give a definition of “Receivables”. Give two examples.

A: In accounting, Receivables means amount to be received from outside of the company. It includes…

Q: nd Other expenses amount

A: Other expenses is the difference between the net income and remaining operating expenses Drawing is…

Q: hello,please when I want to do a credit scoring based on the ESG factors which excell informations…

A: ESG stands for Environmental, social, and governance. These are the 3 key pillars that are…

Q: how do you do paycheck calculations

A: Paycheck means the payment of the salary or wage to employee. A paycheck is a traditional document…

Q: You have DR shown but where is the credits?

A: Double entry system of bookkeeping:   Under this system one account is debited and other is…

Q: Please explain the calculation of C transactions

A: Retirement of bonds means the bonds which was issued earlier are retired. In simple, the amount is…

Q: Definition of granting credit and give examples and illustrations

A: Credit - Credit refers to a term in which a sum of money is received by a borrower and is repaid to…

Q: Mention the key features of the Income and Expenditure Account.

A: Lets understand the basics. Income and expenditure account is a account prepared for non trading…

Q: What is difference between general ledger and balance sheet. If possible, can you give me an…

A: The accounting is a process to record the financial transactions on regular basis and prepare the…

Q: Please elaborate, what this statement means – “Debit the Receiver, Credit the Giver”.

A: For personal accounts, the golden rule is to debit the recipient and credit the donor. The receiver,…

Q: WHAT ARE THE MAIN DOCUMENTS USED FOR PAYDAYLOAN ?

A: A payday loan is a high-cost unsecured loan that can be availed at the time of a short-term…

Q: Illustratrate about the real and nominal accounts along with examples.

A: Real account:Real account involves the amount of asset, liability, or stockholder’s equity at a…