Cristy Lake Inc sold goods worth $144,000 in 2014. It sells each unit for $5.50 and has a 30 percent contribution margin. The company's fixed costs amount to $33,000. Calculate Cristy's breakeven point in units
A) 43,200 units
B) 9,900 units
C) 26,182 units
D) 20,000 units
D
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The marketing plan, the central instrument for directing and coordinating the marketing effort, operates at ________ levels
A) functional and operational B) strategic and tactical C) corporate and operational D) customer and expenditure E) corporate and division
What procedure has to be completed at or after the end of the period?
a. Assessment of control risk. b. Engagement letter. c. Evaluation of adjusting journal entries. d. All procedures must be completed prior to period end.
What are the sections of a market planning outline? Briefly explain each section
What will be an ideal response?
At Sea, a cruise industry magazine, collected $480,000 in subscription revenue in May. Each subscriber will receive an issue of the magazine for each of the next 12 months, beginning with the June issue. The company uses the accrual basis of accounting
Provide the adjusting entry needed on June 30. (Ignore explanation). Assume the magazine initially records a liability for the subscription revenue. What will be an ideal response