A sales return of $25 including tax of $2 would require a:
a. debit to sales returns and allowances for $25.
b. credit to sales returns and allowances for $23.
c. credit to sales returns and allowances for $25.
d. debit to sales returns and allowances for $23.
d
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Braun Schiffer is a maker of high-quality audio speakers. It is on the verge of launching a new
range of high-powered, yet extremely compact, speakers. The fixed overhead costs for production of these speakers is estimated at $400,000. The costs producing a single unit is $200. The company prices these speakers at $400. The sales forecast projects that 1,800 units will be sold by the end of the first year, 4,200 more in the second year, and 2,500 during the third year after launch. At what point of time is the company most likely to break even? A) twelve months B) eighteen months C) fifteen months D) six months
An information service accessible from and to mobile devices through a mobile network utilizing the ability to make use of the geographical position of the mobile device to deliver a service to the user best describes
A) location-based service. B) event-based service. C) sensor-based service. D) short message service.