A product has a selling price of $63, variable costs of $55, and fixed costs are $72,000. How many units must be sold to break even? A) 3,000 B) 5,000 C) 2,500 D) 9,000
Q: Marlow Company produces hand tools. The production budget for the next four months is as follows:…
A: Explanation: In the given case, we are required to calculate the ending inventory for the month of…
Q: Accounting 25
A: Explanation of Return on Assets (ROA):Return on Assets (ROA) is a profitability metric that measures…
Q: Need help
A: Step 1: Define Accounts Receivable TurnoverThe Accounts Receivable Turnover ratio is a financial…
Q: YumYum Meat Company uses a process costing system. The following information relates to one month's…
A: 1) First, let's understand what goes into equivalent units: - Completed units count as 100% - Work…
Q: A company has a net income of $790,000 and 55,300 outstanding shares. What is the earnings per…
A: The question requires the determination of the EPS.Earnings per share (EPS) is a financial metric…
Q: Solve this question financial accounting
A: Step 1: Define EquityEquity refers to the amount of money that will be returned to the owners if the…
Q: General accounting
A: Step 1: Calculate Realized Gain• Formula: Realized Gain = (FMV of Stock + Boot) - Adjusted Basis of…
Q: I want to this question answer general Accounting
A: The P/E ratio (Price-to-Earnings ratio) is calculated as:P/E Ratio = Price per Share / Earnings per…
Q: Provide correct answer general Accounting
A: Step 1: Define Rate of Return The Rate of Return is a financial metric used to measure the…
Q: 2. Financial Accounting: On January 1, a company lends a corporate customer $178,000 at 7.25%…
A: Explanation of Interest Revenue:Interest revenue is the income earned by a lender for allowing a…
Q: Determine the Return on Total Assets on these general accounting question
A: Step 1:Return on assets is a financial ratio that indicates how efficiently a company earned profits…
Q: How much is Stephen's disposable income?? General accounting
A: Step 1: Define PayrollWhen an employee is hired by a company, the company is required by law to make…
Q: I need this question answer general Accounting
A: Step 1: Define Overapplied and Underapplied OverheadOverapplied or underapplied overhead is the…
Q: Financial Accounting
A: Step 1: Define Preferred and Common ShareholdersPreferred shareholders are entitled to a fixed…
Q: What is the net change in total liabilities?
A: To determine the net change in total liabilities, evaluate each transaction's effect on assets,…
Q: General accounting
A: Explanation of Gross Profit:Gross profit is the financial metric that shows the profitability of a…
Q: i dont know how to solve please help me. it is general account subject question.
A: Key Facts:Prepayment of Rent:Accounting treatment: Recognized as an asset (prepaid expense) because…
Q: What was the interest revenue that techprime earned in this period??
A: To determine the interest revenue that TechPrime earned for the year ended December 31, 2019, we…
Q: I want answer to 3 parts. Please Provide answer
A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is a budgeting tool used…
Q: Calculate eps
A: Explanation of Net Sales: Net sales represents the total revenue generated from selling goods or…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Interest RevenueInterest revenue represents the income earned from lending…
Q: General accounting
A: Calculation of Contribution per unit when 20,000 units are soldContribution per unit = Contribution…
Q: The firm's turnover and average total assets?
A: Step 1: Define Asset Turnover RatioThe asset turnover ratio shows how many sales a business…
Q: General Account: A company has a net income of $790,000 and 55,300 outstanding shares. What is the…
A: Step 1: Recall the EPS formula.= (net income - preferred dividends) / weighted average outstanding…
Q: Provide correct answer general accounting
A: Step 1: Define Accounting EquationThe accounting equation Assets = Liabilities + Stockholders'…
Q: An organization has a $300,000 tax liability at 1/1/2018 and an ending balance of $450,000 on…
A: To determine how much tax was actually paid during the year ending 12/31/2018, we use the following…
Q: Find solution in general account questions
A: To compute the cost of ending work in process (WIP) inventory, we calculate the equivalent units for…
Q: What is the value of closing inventory in 2017 under variable costing
A: To calculate the value of closing inventory in 2017 under variable costing, we only consider…
Q: Not use ai solution given correct answer general Accounting
A: Explanation: The formula to calculate material price variance is as follows:Material price variance…
Q: Please provide this question solution general accounting
A: Step 1: Formula Contribution margin per unit = Sales price per unit - Variable costs per…
Q: Financial Accounting
A: Step 1: Define Recognized GainRecognized Gain refers to the portion of realized gain that is…
Q: Don't use chart gpt solution please provide correct answer general Accounting
A: Step 1: Define Capital ExpenditureThe recognition of capital expenditure is deferred because the…
Q: Calculate EBIT general accounting question
A: Step 1: Definition of EBITEBIT (Earnings Before Interest and Taxes) represents the company's…
Q: Need answer the accounting question please answer
A: Step 1: Define Variable CostingVariable costing is a method of inventory valuation in which only…
Q: What the store at year end ? Solve the general Accounting question
A: Step 1: Define EquityEquity refers to the total claim of the owner on the asset of the company. It…
Q: What is the net income of the firm on these general accounting question?
A: Step 1: Net income before tax Net income before tax = Sales - Costs - Depreciation expense -…
Q: Calculate the labor rate variance solution general accounting question
A: Step 1: Definition of Labor Rate VarianceThe Labor Rate Variance measures the difference between the…
Q: Hello teacher want your expertise for this problem
A: Explanation of High-Low Method: The high-low method is a cost estimation technique used to separate…
Q: What will be the firm's cash cycle??
A: The question requires the determination of the cash collection cycle. The cash conversion cycle…
Q: Not use ai solution given correct answer general Accounting question
A: Step 1: Define Absorption costingAbsorption costing is a managerial accounting system different from…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Net Cash Inflow from Operating ActivitiesNet Cash Inflow from Operating…
Q: Need help with this accounting question
A: Step 1: Define EquityEquity represents the residual interest in the assets of a company after…
Q: PLease provide general account answer
A: We need to determine the cost of supplies at the beginning of the year. The relationship between the…
Q: Get correct answer accounting questions
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method of allocating…
Q: Do fast answer of this accounting questions
A: Step 1: Start with the formula:• Actual Cost = Standard Cost + Price Variance + Quantity…
Q: Please solve this question general accounting
A: Step 1: Define CVP AnalysisCost volume profit analysis is done to establish a relationship between…
Q: This is a general account problem . please find solution.
A: When the owner takes cash out of the business for personal use, it's recorded as a debit to their…
Q: Calculate the amount of equity at the end of the year.
A: To calculate equity at the end of the year, use the accounting equation:…
Q: Financial Accounting Question please answer
A: Return on Equity (ROE):ROE=Net Income/Common Equity×100ROE=40,000/300,000×100=13.33% Return on…
Q: Provide correct answer the financial accounting question
A: Step 1: Define Adjusting EntriesAdjusting entries are journal entries made at the end of an…
Q.N. 64 FINANCIAL ACCOUNTING 3.23.21
Step by step
Solved in 2 steps
- Please find the units to below account problemAssume your product is priced at $10. The variable cost per unit is currently $5, and fixed costs are $10,000. What is your breakeven point? O 3,000 units O 2,000 units O 2,500 units 3,500 unitsAssume the selling price per unit is $30, the contribution margin ratio is 40%, and thetotal fixed cost is $60,000. What is the break-even point in unit sales?a. 2,000b. 3,000c. 4,000d. 5,000
- if a product total fixed cost is 50,000 and its variable cost is 28500 for 9500 units what should be the unit selling price of the product if the desired breakeven volume is 2900 units?If fixed costs are $276,000, the unit selling price is $117, and the unit variable costs are $76, what is the break-even sales (units)? a. 6,732 units b. 1,430 units c. 2,359 units d. 3,632 units If fixed costs are $737,000 and variable costs are 63% of sales, what is the break-even point in sales dollars? a. $2,728,892 b. $1,991,892 c. $1,201,310 d. $464,310A product sells for $200 per unit and its variable costs per unit are $130. Total fixed costs are $420,000. If the firm wants to earn a $35,000 target pretax income, how many units must be sold? Select one: 6,500 units. O b. 5,000 units. O c. 6,000 units. O d. 500 units. O e. 5,500 units. O a.
- Solomon company has total fixed cost of $15,000, variable cost per unit of $6, and a price of $8. If Solomon wants to earn a target profit of $3,600, how many units must be sold? 2,500 7,500 9,300 18,600 18,750A company with P280,000 of fixed costs has the following data: Product A Product B Sales price per unit P5 P6 Variable costs per unit P3 P5 Assume three units of A are sold for each unit of B sold. How much will sales be in pesos of product B at the breakeven point?2. Sooner Industries charges a price of $82 and has fixed cost of $325,000. Next year, Sooner expects to sell 14,800 units and make operating income of $187,000. What is the variable cost per unit? What is the contribution margin ratio? Note: Round your variable cost per unit answer to the nearest cent. Enter the contribution margin ratio as a percentage, rounded to two decimal places. Line Item Description Answer Variable cost per unit $fill in the blank 2 per unit Contribution margin ratio fill in the blank 3 %