Question
7. On October 15, Katz billed clients $25,000 for services provided. How would this transaction be reflected in Katzs accounting records? Group of answer choices
7. On October 15, Katz billed clients $25,000 for services provided. How would this transaction be reflected in Katzs accounting records?
Group of answer choices
A. Increase to Revenue of $25,000; increase to Accounts Receivable of $25,000.
B. No entry is recorded.
C. Increase to Cash of $25,000; decrease to Accounts Receivable of $25,000.
D. Increase to Revenue of $25,000; increase to Cash of $25,000.
10. Deeno Products manufactures one product that sells for $45. The variable cost per unit is $30. The total fixed costs incurred by Deeno are $360,000, and the break-even point in sales units is 24,000. If Deeno invests in additional advertising that will cost the company $30,000, how many additional units would need to be sold in order to break even?
Group of answer choices
A. 2,000 units
B. 1,000 units
C. 26,000 units
D. 0 units
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