Assuming all else constant, If the sales price Increases, what will happen to the sales volume at the break$-$even polnt?: $*$

a$.$ It will increase

b$.$ It will decrease

c$.$ It will remain the same

d$.$ It will double

e$.$ It is not possible to determine

On March $1$ XYZ Company slgned a three month note payable for $$8,000.$ Interest Is required on the note at an annual rate of $6\%.$ What adjusting entry is made for accrued expenses on March $31?$: $*$

a$.$ Debit interest payable and credit interest expense for $$120$

b$.$ Debit interest expense and credit interest payable for $$120$

c$.$ Debit interest payable and credit interest expense for $$40$

d$.$ Debit interest expense and credit interest payable for $$40$

e$.$ Debit interest expense and credit cash for $$40$

At the beginning of the year, ABC Company's allowance for doubtful accounts had a credit balance of $$15,000.$ During the year, ABC wrote off uncollectlble accounts recelvable of $$23,000.$ ABC estimates that $2\%$ of net credit sales become uncollectlble. Credit sales during the year were $$625,000$ and sales discounts were $$12,000.$ What is the end of year adjusted balance of the allowance for doubtful accounts?: $*$

a$.$ $$4,260$

b$.$ $$8,000$

c$.$ $$12,260$

d$.$ $$12,500$

e$.$ $$20,260$

X Company Is deciding whether to retaln Its offlce telephone system or replace It with a new system. Which cost should NOT be considered when making thls decislon?: $*$

a$.$ Salvage value of current system

b$.$ Cost of current system

c$.$ Incremental cost

d$.$ Sunk cost