Answer:
ywwwee
Explanation:
gniuqoejwgkd[lA
An amount of $4400 will be recognized as accounts receivable, net on the balance sheet as of November 30.
What is accounts receivable?The money that clients owe our business for goods or services for which invoices have been issued is known as accounts receivable. On the balance sheet, current assets are listed as the total amount of all accounts receivable, which includes bills from clients for goods or services provided to them on credit.
First of all, the order received from Douglas High School has not been delivered by the end of November ,hence the value of the order is irrelevant for the purpose of calculating net accounts receivable at the end of November.
However, out of the goods of $5000 sold to Culver Middle School, goods worth $600 has been returned as defective, leaving a balance of $4400 ($5000-$600).
For Culver to be entitled to the discount of 2% they should have made payment by 24th November, which never happened.
Therefore, the balance of accounts receivable will remain at $4400.
To learn more on accounts receivable, here:
https://brainly.com/question/28189993
#SPJ2
_____________ is when your company makes an effort to actively control and shape your brand image with your target market.
A.
Market penetration
B.
Market segmenting
C.
Data mining
D.
Market positioning
Answer:
D. (Market positioning)
Explanation:
The definition is pretty much in the question itself! hope this helps
provide two reasons why public participation is important for people experiencing lack of basic services
Answer:
the main aim of public participation is to encourage the public to have meaningful and put into decision making process public participation does provide the opportunity for communication between agencies making decisions and the Public's public participation can be time-consuming and sometimes expensive don't know if this helps but good luck
In a college-level course, Mrs. Smith gives the lectures, sets the due dates, and is the expert on the material. Mr. Doe helps grade papers, offers tutoring sessions for the students, and attends the lectures. Which best describes the two instructors?
Mrs. Smith is a postsecondary teacher, and Mr. Doe is a teaching assistant.
Mr. Doe is a postsecondary teacher, and Mrs.Smith is a teaching assistant.
Mrs. Smith is a high school teacher, and Mr. Doe is a teaching assistant.
Mr. Doe is a high school teacher, and Mrs. Smith is a teaching assistant.
Answer:
Mrs. Smith is a postsecondary teacher, and Mr. Doe is a teaching assistant.
Explanation:
Mrs. Smith gives the lectures, sets the due dates, and is an expert on the material of a "college-level course", therefore, she has to be a postsecondary teacher, as the teacher is responsible for giving the lectures, and has to be an expert on the material.
Mr. Doe helps grade papers, offers tutoring sessions for the students, and attends the lectures. From my experience and the phrase "helps grade papers" rather than just "grades the papers", we can conclude that Mr. Doe is the teaching assistant.
Answer:
A
Explanation:
Which statement describes the word “iterative”?
Answer:
D.
Explanation:
The word 'iterative' is derived from the Latin word 'iterare', which means 'to repeat.'
Iterative is a term used to define a process of repetition to attain the desired outcome. It is a repetitive process performed to improve or do better than before.
The statement that correctly defines the term 'iterative' is option D. The statement talks about working in cycles (repetition) to get a desired result of (refined product).
Therefore, option D is correct.
James has a large farm. He often gets together with a nearby neighbor who raises chickens. When they meet that trade vegetables for chicken and eggs. No money changes hands. They have made trades like this since their parents own the land and have continued the trades. What type of economy is being described?
Item1 0.41 points Item Skipped eBookAskPrintReferencesCheck my workCheck My Work button is now enabledItem 1 Problem 10-42 (LO 10-1) (Algo) Brittany started a law practice as a sole proprietor. She owned a computer, printer, desk, and file cabinet she purchased during law school (several years ago) that she is planning to use in her business. FMV at Time Purchase Converted to Asset Price Business Use Computer $ 5,800 $ 4,100 Printer 3,600 3,450 Desk 4,500 4,300 File cabinet 3,500 3,525 Using the above information, what is the depreciable basis that Brittany should use in her business for each asset
Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of units produced as the allocation base. The controller has recommended changing to an activity-based costing (ABC) system. She has collected the following information: Activity Cost Driver Amount M XY Production setups Number of setups $ 73,000 12 18 Material handling Number of parts 49,000 68 23 Packaging costs Number of units 246,000 96,000 60,000 $ 368,000 What is the total overhead per unit allocated to Product XY using activity-based costing (ABC)
Answer:
Results are below.
Explanation:
First, we need to calculate the allocation rates:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Production setups= (73,000 / 30)= $2,433.33 per setup
Material handling= (49,000 / 91)= $538.46 per number of part
Packaging costs= (246,000 / 156,000)= $1.58 per unit
Now, we need to allocate costs to Product XY:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Production setups= 2,433.33*18= 43,799.94
Material handling= 538.46*23= 12,384.58
Packaging costs= 1.58*60,000= $94,800
Total allocated costs= $150,984.52
Finally, per unit basis:
Unitary cost= 150,984.52 /60,000= $0.27
Sheffield Corp. adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1010000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Date Inventory at Current Prices Current Price Index December 31, 2020 $1287000 106 December 31, 2021 1429000 124 December 31, 2022 1627000 129 What is the cost of the ending inventory at December 31, 2020 under dollar-value LIFO
Answer: $1226400
Explanation:
The cost of the ending inventory at December 31, 2020 under dollar-value LIFO will be calculated as:
= $1010000 + [($1287000/106 × 100) - $1010000] × 106/100
= $1010000 + ($1214151.4 - $1010000) × 1.06
= $1010000 + ($204150.94 × 1.06)
= $1010000 + $216400
= $1226400
Therefore, the cost of the ending inventory at December 31, 2020 under dollar-value LIFO is $1226400.
WFO Corporation has gross receipts according to the following schedule: Year 1 $22.50 million Year 2 $24.50 million Year 3 $26.50 million Year 4 $25.00 million Year 5 $25.50 million Year 6 $27.50 million If WFO began business as a cash-method corporation in Year 1, in which year would it have first been required to use the accrual method
Answer: Year 6
Explanation:
The Company is required to use the Accrual method when the average gross receipts become greater than $25 million.
Year 1 Average = $22.50 million
Year 2 Average = (22.5 + 24.5) / 2 = $23.5 million
Year 3 Average = (22.5 + 24.5 + 26.5) / 3 = $24.5 million
Year 4 Average = (22.5 + 24.5 + 26.5 + 25) / 4 = $24.625 million
Year 5 Average = (22.5 + 24.5 + 26.5 + 25 + 25.50) / 5 = $24.80 million
Year 6 Average = (22.5 + 24.5 + 26.5 + 25 + 25.50 + 27.50) / 6 = $25.5 million
Average gross income crosses the $25 million limit in Year 6 so the company will have to start using the Accrual method from Year 6.
Harry, Hermione, and Ron formed an S corporation called Bumblebore. Harry and Hermione both contributed cash of $30,000 to get things started. Ron was a bit short on cash but had a parcel of land valued at $70,700 (basis of $60,000) that he decided to contribute. The land was encumbered by a $40,700 mortgage. What tax bases will each of the three have in his or her stock of Bumblebore
Answer:
Harry and Hermione $30,000
Ron’s $19,300
Explanation:
Calculation to determine What tax bases will each of the three have in his or her stock of Bumblebore
Based on the information given we were told that both Harry and Hermione contributed cash of the amount of $30,000 to get things started which means that Harry and Hermione TAX BASES will be $30,000
Calculation for Ron’s Tax bases
Using this formula
Ron’s Tax bases=Basis of the property contributed-Mortgage
Let plug in the formula
Ron’s Tax bases=$60,000-$40,700
Ron’s Tax bases=$19,300
Therefore Harry and Hermione tax based will be $30,000 and Ron’s Tax bases will be $19,300
After graduating from college, Joseph Tantillo decided to start a retail Web site that specializes in personalized Greek apparel. To fund his Web site, he borrowed money from his parents (who expect to be repaid with interest). In other words, he used _____ financing.
Answer:
Debt financing
Explanation:
Debt financing is defined as borrowing that a company undertakes to finance it's operations by selling of debt instruments to investors.
The debt instrument attracts interest payment.
Examples of debt financing includes bank loans, loans from friends and family, and government backed loans.
In the given scenario Joseph Tantillo decided to borrow money from his parents to start a retail Web site that specializes in personalized Greek apparel. This is debt financing
In contrast equity financing involves sale of shares to obtain capital
the yellow company has a current ratio of 2.65 . The acid test ratio is 2.01 . The current liabilities of the are company $45,000 . Assuming there are no prepaid expenses the dollar amount of merchandise inventoey is
Answer:
Amount of inventory = $28,800
Explanation:
Given:
Current ratio = 2.65
Acid test ratio = 2.01
Current liabilities = $45,000
Prepaid expenses = $0
Find:
Amount of inventory
Computation:
Current ratio = Current assets / Current liabilities
2.65 = Current assets / 45,000
Current assets = $119,250
Acid test ratio = [Current assets - Inventory - Prepaid expenses] / Current liabilities
2.01 = [119,250 - Inventory - 0] / 45,000
90,450 =119,250 - Inventory
Amount of inventory = $28,800
As of December 31, 2020, Gill Co. reported accounts receivable of $233,000 and an allowance for uncollectible accounts of $8,900. During 2021, accounts receivable increased by $22,900, (that change includes $7,350 of bad debts that were written off). An analysis of Gill Co.'s December 31, 2021, accounts receivable suggests that the allowance for uncollectible accounts should be 4% of accounts receivable. Bad debt expense for 2021 would be:
Answer:
$8,686
Explanation:
Calculation to determine what the Bad debt expense for 2021 would be
First step is to calculate the Estimated bad debts
Estimated bad debts=
($233,000+$22,900)*4%
Estimated bad debts=$10,236
Second step is to calculate the Allowance
Allowance=$8,900-$7,350
Allowance$1,550
Now let calculate the Bad debts expense
Bad debts expense=$10,236-$1,550
Bad debts expense=$8,686
Therefore the Bad debt expense for 2021 would be $8,686
Problem 10-39 (LO. 2, 3, 4, 5, 6, 7) Linda, who files as a single taxpayer, had AGI of $280,000 for 2020. She incurred the following expenses and losses during the year: Medical expenses (before the 7.5%-of-AGI limitation) $33,000 State and local income taxes 4,800 State sales tax 1,300 Real estate taxes 6,000 Home mortgage interest 5,000 Automobile loan interest 750 Credit card interest 1,000 Charitable contributions 7,000 Casualty loss (before 10% limitation but after $100 floor; not in a Federally declared disaster area) 34,000 Unreimbursed employee business expenses 7,600 Calculate Linda's allowable itemized deductions for the year. $fill in the blank 1 .
Answer: $34,000
Explanation:
As of the Tax Cuts and Jobs Act of 2017, Unreimbursed employee business expenses and Casualty loss can no longer be deducted.
Linda's itemized deductions are:
= Medical expenses + State and local taxes + Home mortgage interest + Charitable contributions.
Medical expenses after 7.5% of AGI limitation:
= 33,000 - (7.5% * 280,000)
= $12,000
State and local taxes have a maximum deduction of $10,000.
Linda's allowable itemized deductions for the year:
= 12,000 + 10,000 + 5,000 + 7,000
= $34,000
1. You invest $1,000 in a certificate of deposit that matures after ten years and pays 5 percent interest, which is compounded annually until the certificate matures. a. How much interest will the saver earn if the interest is left to accumulate? b. How much interest will the saver earn if the interest is withdrawn each year? c. Why are the answers to a and b different?
Answer and Explanation:
a. The computation of the interest earned is given below:
= $1,000 × (1.05)^10 - $1,000
= $628.29
b. Now the interest earned in case of withdrawn is
= $1,000 × 5% × 10
= $500
c. In part a there is a compound interest while on part b there is a simple interest so the both answers should be different
The same would be relevant and considered too
If foreign manufacturers cut manufacturing costs and profit margins in response to a depreciation in the U.S. dollar, the effect of these actions is to a. lengthen the amount of time in which the depreciation leads to a smaller trade deficit. b. shorten the amount of time in which the depreciation leads to a smaller trade surplus. c. shorten the amount of time in which the depreciation leads to a smaller trade deficit. d. lengthen the amount of time in which the depreciation leads to a smaller trade surplus.
Answer:
a. lengthen the amount of time in which the depreciation leads to a smaller trade deficit.
Explanation:
Depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.
The Modified Accelerated Cost Recovery System (MACRS) can be defined as a depreciation system that avails business owners or companies the ability and opportunity to recover or recoup the cost basis of physical assets that have experienced deterioration over a specific period of time.
In the United States of America, the Modified Accelerated Cost Recovery System (MACRS) is used mainly for tax purposes because it gives room for faster depreciation of a physical asset in its first years or initial usage and reduces depreciation as it is being used over a long period of time.
Hence, if foreign manufacturers cut or reduce their manufacturing costs and profit margins in response to a depreciation in the U.S. dollar, the effect of these actions is certainly to lengthen or increase the amount of time in which the depreciation in the U.S dollars leads to a smaller trade deficit.
A deficit can be defined as an amount by which money, falls short of its expected value.
In Financial accounting, deficit is usually as a result of revenue falling below expenses or expense exceeding revenue at a specific period of time.
For instance, if in a country liabilities exceeds assets or import exceeds export there would be a deficit in the financial account of the country. This is simply as a result of a country having to import more goods and services than it is exporting to other countries in trade.
In conclusion, a trade deficit is caused because the value of goods and services exported is lower than the value of goods and services being imported in a particular country.
Sual Company purchased a tractor at a cost of $180,000. The tractor has an estimated salvage value of $20,000 and an estimated life of 8 years, or 12,000 hours of operation. The tractor was purchased on January 1, 2019 and was used 2,400 hours in 2019 and 2,200 hours in 2020. What method of depreciation will produce the maximum depreciation expense in 2020
Answer:
Double-declining balance
Explanation:
Calculation to determine What method of depreciation will produce the maximum depreciation expense in 2020
Based on the information given we would be using the Straight-Line method, Double-declining balance and Units of production to determine the method of depreciation that will produce the maximum depreciation expense in 2020
Straight-Line method =($180,000 ‒ $20,000) / 8 Straight-Line method= $20,000 per year
Double-declining balance= $180,000 × (1/8 × 2)
Double-declining balance= $45,000 for 2019
Double-declining balance= ($180,000 ‒$45,000) × 1/4
Double-declining balance= $33,750 for 2020
Units of production=($180,000 - 20,000) × (2, 200 hours / 12,000 hours)
Units of production=$160,000*0.1833333
Units of production = $29,333 for 2020
Therefore the method of depreciation that will produce the maximum depreciation expense in 2020 is DOUBLE-DECLINING METHOD.
difference between transport business and drink business
Answer:
a transport business uses (preferably semi's) any vehicles to transport one item from one place to another. a drink business is a place/product ( drinks (soft or alcoholic) and you sell them to make a profit
transport business is both cheaper and easy to set up and run.
The following trial balance was drawn from the records of Havel Company as of October 1, year 2. Cash$16,000 Accounts receivable 60,000 Inventory 40,000 Store equipment 200,000 Accumulated depreciation $76,800 Accounts payable 72,000 Line of credit loan 100,000 Common stock 50,000 Retained earnings 17,200 Totals$316,000 $316,000 c. Indicate whether Havel will need to borrow money during October by preparing October's Cash Budget. (Negative amounts should be indicated by a minus sign.)
Question Completion:
Sales for October are expected to be $180,000, consisting of $40,000 in cash and $140,000 on credit. The company expects sales to increase at the rate of 10 percent per month. All accounts receivable are collected in the month following the sale.
Answer:
Havel Company
Havel may need to borrow money to be able to repay the Line of credit loan, pay salaries, and other office expenses, including interest on the line of credit loan.
Explanation:
a) Data and Calculations:
Havel Company
Trial Balance
As of October 1, Year 2:
Cash $16,000
Accounts receivable 60,000
Inventory 40,000
Store equipment 200,000
Accumulated depreciation $76,800
Accounts payable 72,000
Line of credit loan 100,000
Common stock 50,000
Retained earnings 17,200
Totals $316,000 $316,000
Expected sales in October = $180,000
Cash sales = $40,000
Credit sales = $140,000
Cash collection: month following the sale
Cash Budget for October 30, Year 2:
Beginning balance $16,000
Cash receipts
Cash sales 40,000
Accounts receivable 72,000
Total cash available $128,000
Cash payments:
Accounts payable 72,000
Line of credit repayment 100,000
Total payments $172,000
Ending cash balance ($44,000)
Please see the concluding part of the question as it is incomplete.
Sales for October are expected to be $180,000, consisting of $40,000 in cash and $140,000 on credit. The company expects sales to increase at the rate of 10 percent per month. All accounts receivable are collected in the month following the sale.Answer
The company (Havel) would have to borrow money inorder to pay back Line of credit loan which includes salary payment plus other interest accrued on the line of credit and other petty office expenses.
Havel Company
Trial Balance
As of October 1, Year 2:
Cash $16,000
Accounts receivable $60,000
Inventory $40,000
Store equipment $200,000
Accumulated depreciation $76,800
Accounts payable $72,000
Line of credit loan $100,000
Common stock $50,000
Retained earnings $17,200
Totals $316,000 $316,000
We know that;
Expected sales in October = $180,000 which is gotten by adding
Cash sales = $40,000
Credit sales = $140,000
Also,
Cash collection: month following the sale
Cash Budget for October 30, Year 2:
Beginning balance $16,000
Cash receipts;
Cash sales $40,000
Accounts receivable $72,000
Total cash available $128,000
Cash payments;
Accounts payable $72,000
Line of credit repayment $100,000
Total payments $172,000
Ending cash balance ($44,000)
It therefore means Havel would have to borrow money inorder to pay back Line of credit loan which includes salary payment plus other interest accrued on the line of credit and other petty office expenses.
Which types of charitable giving have you heard of? Check all that apply.
volunteering at a soup kitchen
donating clothes to a charity
donating canned food to a charity
volunteering at a hospital
donating toys to a charity
volunteering at an animal shelter
Answer:
volunteering at a soup kitchen
volunteering at a hospital
volunteering at an animal shelter
Explanation:
The correct options are given below.
volunteering at a soup kitchenvolunteering at a hospitalvolunteering at an animal shelterWhat Is Charitable Giving?Charitable Giving can be defined as an act of giving money, time, or some goods to unlucky or inopportune people, directly or through a worthy cause like a charitable trust.
What are the Disadvantages of Charitable Giving?The reasons most people give for objecting to conditional charity gifts are:
It interferes with the autonomy of the recipient.It's unethical to interfere in the self-determination of sovereign states.The conditions may be contrary to human rights.The conditions may be politically manipulative.Learn more about charitable giving here https://brainly.com/question/21376202
#SPJ2
35. Porter's national diamond can be used to:
Answer:
The Porter Diamond model explains the factors that can drive competitive advantage for one national market or economy over another. It can be used both to describe the sources of a nation's competitive advantage and the path to obtaining such an advantage.
Which of the following are common characteristics of multinational enterprises (MNEs)? Check all that apply. Operations in a source country and only one host country Research and development in host countries Multinational stocks and management Fostered transfer of technology Company headquarters that are distant from the country where production occurs Low ratio of foreign sales to total sales
Answer:
I. Research and development in host countries.
II. Multinational stocks and management.
III. Fostered transfer of technology.
IV. Company headquarters that are distant from the country where production occurs.
Explanation:
A multinational enterprise (MNE) can be defined as any business firm that engages in the production of goods and services in two or more countries.
Generally, a multinational enterprise (MNE) has subsidiaries in other countries and as such derives a high amount of revenue outside its home country by providing goods and services that meets the need of customers through the use of advanced technology.
For a multinational enterprise (MNE), they have a central corporate facility but their products are not coordinated because their respective foreign markets offer unique products and services.
Some examples of a multinational enterprise (MNE) are Amazon, BNP Paribas, Alcatel-Lucent, Apple, Chevron, Casio, Disney, etc.
Some common characteristics of multinational enterprises (MNEs) include the following;
I. They carry out research and development in host countries.
II. MNEs engage in the sales of multinational stocks and management.
III. They facilitate or foster the transfer of technology between countries.
IV. The company headquarters of MNEs are usually distant from the country where production occurs.
Insurance is only used by businesses True or False
Answer:
false
Explanation:
everyone uses insurance
Decker Company has five products in its inventory. Information about the December 31, 2021, inventory follows. Product Quantity Unit Cost Unit Selling Price A 1,000 $ 25 $ 32 B 1,200 31 36 C 1,000 2 6 D 600 5 4 E 1,000 35 32 The cost to sell for each product consists of a 10 percent sales commission. Required: 1. Determine the carrying value of inventory at December 31, 2021, assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products. 2. Determine the carrying value of inventory at December 31, 2021, assuming the LCNRV rule is applied to the entire inventory. 3. Assuming inventory write-downs are common for Decker, record any necessary year-end adjusting entry based on the amount calculated in requirement 2.
Answer:
Decker Company
1. The carrying value of inventory with LCNRV applied to individual products = $95,384
2. The carrying value of inventory with LCNRV applied to the entire inventory = $102,200
3. There is no write-down since the total cost is chosen as the LCNRV in requirement 2.
Explanation:
a) Data and Calculations:
December 31, 2021 Inventory:
Product Quantity Unit Cost Unit Selling
Price
A 1,000 $ 25 $ 32
B 1,200 31 36
C 1,000 2 6
D 600 5 4
E 1,000 35 32
Product Quantity Unit Cost Unit Selling Net Realizable LCNRV Total
Price Value
A 1,000 $ 25 $ 32 $29 $25 $25,000
B 1,200 31 36 33 31 37,200
C 1,000 2 6 5.45 2 2,000
D 600 5 4 3.64 3.64 2,184
E 1,000 35 32 29 29 29,000
Carrying value of inventory $95,384
Total cost = (1,000 * $25) + (1,200 * $31) + (1,000 * $2) + (600 * $5) + (1,000 * $35)
= ($25,000) + ($37,200) + ($2,000) + ($3,000) + ($35,000)
= $102,200
Total selling price = (1,000 * $32) + (1,200 * $36) + (1,000 * $6) + (600 * $4) + (1,000 * $32)
= ($32,000) + ($43,200) + ($6,000) + ($2,400) + ($32,000)
= $115,600
= $105,091 ($115,600/1.1)
LCNRV = $102,200
1. The carrying value of inventory on December 31, 2021, is $95,384 for individual products.
2. The carrying value of inventory on December 31, 2021, is $102,200 for the entire inventory.
3. There would be no recording entry.
The carrying value of inventory would be computed as follows in the given table.
Hence, the total carrying value of inventory for the individual product from the table would be:
[tex]25000+37200+2000+2184+29000\\=95,384[/tex]
Now, computation of carrying value of inventory for the entire inventory would be:
[tex](1,000 * 25) + (1,200 * 31) + (1,000 * 2) + (600 * 5) + (1,000 * 35)\\=102,200[/tex]
Hence, the lower of cost and net realizable value or LCNRV is $102,200 for the entire product and $95,384 for individual inventory.
Learn more about the carrying value of inventory here:
https://brainly.com/question/17095716
The delivered-equipment cost for a fully equipped CNC machining system is $4.2 million. The direct cost factor is 1.52 and the indirect cost factor is 0.37. Estimate the total plant cost if the indirect cost factor applies to the total direct cost. (Enter your answer in dollars and not in millions of dollars.) The total plant cost is $
Answer: $14.5 million
Explanation:
The following information can be gotten from the question;
Total equipment cost = $4.2 million
Direct cost factor = 1.52
Indirect cos factor = 0.37
The total plant cost will then be calculated as:
= 4.2 × (1 + 1.52) × (1 + 0.37)
= 4.2 × 2.52 × 1.37
= 14.5
Therefore, the total plant cost is $14.5 million
Monthly
Rent
Quanti
Demanded
(thousands)
Supplied
(thousands)
3
$ 800
$1,000
$1,200
$1,400
$1,600
$1,800
30
25
22
19
17
15
10
14
17
19
21
22
Using the table, what is the quantity of the surplus at $1,800?
A 6
B
5
c) 7
D
8
Answer:
snap a picture of the question
Break-Even Sales and Sales to Realize Operating Income For the current year ending December 31, McAdams Industries expects fixed costs of $1,860,000, a unit variable cost of $105, and a unit selling price of $125. a. Compute the anticipated break-even sales (units). fill in the blank 1 units b. Compute the sales (units) required to realize operating income of $500,000. fill in the blank 2 units
Answer:
a.
Break even sales in units = 93000 Units
b.
Sales in units required for Target Income = 118000 units
Explanation:
a. Anticipated Break even sales in units
The break even in units is the number of units that a business must sell in order to for its total revenue to be equal to total costs and for it to break even. The break even in units is calculated as follows,
Break even in units = Fixed Costs / Contribution margin per unit
Where,
Contribution margin per unit = Selling price per unit - Variable cost per unit
Break even sales in units = 1860000 / (125 - 105)
Break even sales in units = 93000 Units
b. Operating income
To calculate the number of units required to earn a certain income or profit, we simply use the break even equation and add the income or profit amount required in the fixed cost. Thus the sales in units required to earn an operating income of $500000 is,
Sales in units required for Target Income = (1860000 + 500000) / (125 - 105)
Sales in units required for Target Income = 118000 units
what similarities does Free trade and Protectionism have?
Answer:
Protectionism is the restriction of trade with other nations in order to protect domestic firms.Free trade is the elimination of barriers to trade to create large open markets for goods and services.
Explanation:
What are the answers to the management quiz 13,14,15, and 16
Answer:
The question is not quiet clear? Would you explain a bit more please?
Definition of businnes
Answer:
a person's regular occupation, profession, or trade.
or
the practice of making one's living by engaging in commerce.
Explanation:
