Whiting Company sells a mix of three related products. Total fixed costs are $144,000. The following additional information is available for Whiting Company.
Determine the company's break-even point in composite units.
Break-even point in composite units = $144,000 / $60 = 2,400 composite units
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What is the term for the systematic allocation of the costs of intangible assets to expense?
A) ?Amortization B) ?Depreciation C) ?Impairment D) ?Depletion
The implicit industrial policies of the U.S. government have included
a. formulating industry-specific economic policies designed to promote national champions. b. nationalizing basic industries such as steel and autos. c. encouraging cartelization of aircraft and aluminum manufacturers. d. improving the setting for industry such as communications and infrastructure.
A company provided $12,000 of consulting services and was immediately paid in cash by the customer. Identify the journal entry below that properly records this transaction.
A.
| Accounts Receivable | 12,000 | |
| Cash | 12,000 |
B.
| Accounts Payable | 12,000 | |
| Consulting Services Revenue | 12,000 |
C.
| Consulting Services Revenue | 12,000 | |
| Cash | 12,000 |
D.
| Cash | 12,000 | |
| Consulting Services Revenue | 12,000 |
E.
| Accounts Receivable | 12,000 | |
| Consulting Services Revenue | 12,000 |
On a customer satisfaction survey, which answer most likely suggests that RealPlan salespeople should focus on needs awareness?
A) "The product was not as sturdy as the salesperson said it would be." B) "The product did not solve my primary problems." C) "The product is not a good value for the money." D) "The product arrived torn in the box." E) "The product had a strange color."