Operating leverage. cover rugs is holding a 2-week carpet sale at josh’s club, a local warehouse store. cover rugs plans to sell carpets for $950 each. the company will purchase the carpets from a local distributor for $760 each, with the privilege of returning any unsold units for a full refund. josh’s club has offered cover rugs two payment alternatives for the use of space. • option 1: a fixed payment of $7,410 for the sale period • option 2: 10% of total revenues earned during the sale period assume cover rugs will incur no other costs. required: 1. calculate the breakeven point in units for (a) option 1 and (b) option 2. 2. at what level of revenues will cover rugs earn the same operating income under either option? a. for what range of unit sales will cover rugs prefer option 1? b. for what range of unit sales will cover rugs prefer option 2? 3. calculate the degree of operating leverage at sales of 65 units for the two rental options. 4. briefly explain and interpret your answer to requirement 3.

Match each item to check for while reconciling a bank account with the document to which it relates.(there's not just one answer)1. balancing account statement2. balancing check registera. nsf feesb. deposits in transitc. interest earnedd. bank errors

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?