Examlex

Solved

The DesMaris Company Had the Following Income Statement for the Month

question 59

Multiple Choice

The DesMaris Company had the following income statement for the month of November 2014: The DesMaris Company had the following income statement for the month of November 2014:   What is the sales volume required to earn an operating profit of $9,000? A)  3,300 units B)  10,000 units C)  4,300 units D)  7,300 units What is the sales volume required to earn an operating profit of $9,000?


Definitions:

Capitalize

The accounting practice of recording a cost or expense on the balance sheet for the purposes of delaying full recognition of the expense over time through depreciation or amortization.

Equity Securities

Financial instruments that represent ownership interest in a company, such as stocks.

Debt Securities

Financial instruments representing money borrowed that must be repaid, such as bonds, bills, or notes.

Model Business Corporation Act

A model set of laws prepared by legal experts to guide states in the development of their corporate statutes.

Related Questions