Which of the following will lower the breakeven point?
A) a decrease in the sales price per unit
B) an increase in total fixed costs
C) an increase in the variable cost per unit
D) an increase in the sales price per unit
D
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To entice more customers into the store on Mondays, Strassberg Company is selling a slice of pizza for $1 less on Mondays. Normally a slice of pizza sells for $3. When Barbara buys a slice of pizza from Strassberg Company on a Monday with cash, how should Strassberg Company recognize the transaction?
(a) Revenue of $3 should be recognized and $1 as a discount expense. (b) Revenue of $2 should be recognized. (c) Revenue of $2 should be recognized and $1 of unrealized revenue recognized. (d) Revenue of $2 should be recognized and $1 of discount liability recognized.
The security of a loan made on real property depends upon:
A: The borrower's credit qualifications; B: The value of the property being liened; C: The stability and value of money; D: All of the above.