The entry to record the cash sale of a webpage by Tellmore in the amount of $500 is ________
a. debit Sales, $500; credit Cash, $500
b. debit Cash, $500; credit Sales, $500
c. debit Sales Discounts, $500; credit Sales, $500
d. debit Cash, $500; credit Sales Discounts, $500
b
Business
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The Perfect Fit Company sells hand sewn shirts at $58
00 per shirt. It incurs monthly fixed costs of $8,000. The contribution margin ratio is calculated to be 30%. What is the variable cost per shirt? (Round any intermediate calculations and your final answer to two decimal places.) A) $40.60 per shirt B) $75.40 per shirt C) $58.00 per shirt D) $17.40 per shirt
Business
Explain the concept of the price floor
What will be an ideal response?
Business