and takes to A firm, which sells widgets, has annual fixed costs of $16,000,000. Each widget sells for $13 $8 in variable costs manufacture. If sales volume last year was $30,000,000, what is the number of widgets the firm must sell to have EBIT = 0?
Q: Don't use ai given answer accounting questions
A: Calculation of Operating Cash FlowOperating Cash Flow = Net Income + Depreciation + Interest Expense…
Q: What is the pro forma net income expected to be on these financial accounting question?
A: Step 1: Define Pro Forma Net IncomePro forma net income is the projected net income of a company…
Q: Provide correct answer general accounting
A: Step 1: Definition of Cost-Volume-Profit (CVP) AnalysisCost-Volume-Profit (CVP) analysis is a method…
Q: Can you help me with accounting questions
A: Given:Total employees = 85Employees in division X = 45Employees in division Y = 40Fringe benefits =…
Q: What is ending inventory?
A: Step 1: Introduction to inventoryInventory refers to the goods and materials that a company holds…
Q: Provide correct answer
A: The question involves the determination of the proper pricing strategy to achieve a certain profit.…
Q: Please Accounting expert need your help
A: Explanation of Debt-to-Equity Ratio: The Debt-to-Equity Ratio is a financial metric that compares a…
Q: Sub. General Account
A: Step 1: Define cost equations for both methodsStep 2: Set C1 = C2Step 3: Rearrange to isolate xStep…
Q: MCQ
A: In hedge accounting, the carrying values of off-market swaps are typically determined using the…
Q: Answer? ? General Accounting question
A: Step 1: Define Notes ReceivableNotes receivable represent a promise to receive a specific sum of…
Q: Allowance for Doubtful Accounts has a debit balance of $2,900 at the end of the year, before…
A: Concept of Allowance for Doubtful AccountsThe allowance for doubtful accounts is a contra-asset…
Q: General accounting
A: Step 1: Definition of Fringe Benefit CostFringe benefit cost refers to the additional benefits paid…
Q: Calculate the firm's annual cash flows associated with the new project?? General accounting
A: Step 1: Net Change in Operating CostsDecrease in Labor Costs: −$155,000Increase in Other Operating…
Q: On June 30, 2019, after adjusting entries were posted, Asu Company sold a machine. The historical…
A: Concept of Accumulated DepreciationAccumulated depreciation represents the total depreciation…
Q: Before prorating the manufacturing overhead costs at the
A: Step 1:Cost of goods sold:- Cost of goods sold means the cost incurred in manufacturing goods.…
Q: Ans plz general accounting
A: Step 1: Definition of Cost-Volume-Profit (CVP) AnalysisCost-Volume-Profit (CVP) analysis helps…
Q: Please help this question
A: The question actually pertains to the value of a stock with a perpetual dividend payment. A…
Q: Differential Chemical produced 18,000 gallons of Preon and 39,000 gallons of Paron. Joint costs…
A: Step 1:Solution: Workings1. Calculation of the market value of Preon products at the split-off point…
Q: A business purchased equipment for $165,000 on January 1, 2021. The equipment will be depreciated…
A: Concept of Straight-Line DepreciationStraight-line depreciation is a method used to allocate the…
Q: Calculate the accounts receivable period
A: Step 1: Define Accounts receivable and payable period.Accounts receivable period is used for…
Q: What is the total cash form operating activities based on the information below ??
A: Explanation of Cash Flows from Operating Activities:Cash flows from operating activities represent…
Q: Can you help me with accounting questions
A: Step 1: Definition of Predetermined Overhead RateThe Predetermined Overhead Rate (POHR) is a rate…
Q: Cross Collectibles currently fills mail orders from all over the U.S. and receipts come in to…
A: The question requires the determination of the net annual savings from implementing a lockbox…
Q: General accounting
A: Step 1: Determine the Current Market Price per ShareThe total market value of the company is…
Q: Falcons total overhead variance is?
A: Explanation of Manufacturing Overhead: Manufacturing overhead represents all manufacturing costs…
Q: Hello tutorial please given answer general accounting question
A: Step 1: Define Net IncomeNet Income (also known as net profit or bottom line) is the total earnings…
Q: Subject:- General Account
A: Step 1: Given Value for Calculation Time = t = 8Deposit for Year 1 = d1 = $5000Deposit for Year 3 =…
Q: Kindly help me with accounting questions
A: Calculation of the Cost of the New Equipment to be recordedCost of the New Equipment to be recorded…
Q: On April 1, the cash account balance was $37,690. During April, cash receipts totaled $459,690 and…
A: Explanation: In the given case, we are required to calculate the amount of cash payments made during…
Q: Answer? ? General Accounting question
A: Gross Profit CalculationGross profit is calculated using the formula:Gross Profit = Net Sales − Cost…
Q: Help this question
A: To compute the future value of the deposits, we'll use the future value formula:FV=PV×(1+r)…
Q: Don't use ai given answer accounting questions
A: For this question we must compute for the profit of the business. Profit describes the financial…
Q: During the current year, a business sells equipment for $440,000. The equipment cost $290,000 when…
A: Concept of Adjusted Basis:The adjusted basis represents the net book value of an asset after…
Q: solve one
A: To calculate Abbott's variable overhead spending variance, we use the formula: Variable Overhead…
Q: AKA works is an account payable department of a major retailer.
A: Explanation of Discount Terms:Discount terms, such as "3/25 net 90," specify the payment terms…
Q: Accounting
A: Concept of Discount RateThe discount rate in factoring is the percentage deducted from the total…
Q: General accounting
A: Step 1: Define Margin TradingYour definition of margin trading is correct. It is indeed a process…
Q: What is Kay's realized gain? General accounting
A: Step 1: Define GainGain is the amount of the increase in the value of asset or the value of decrease…
Q: The accounts receivable balance is?
A: Explanation of Accounts Receivable: Accounts Receivable represents money owed to a company by its…
Q: In the Month of March, Digby received orders of 231 units at a price of $19.00 for their product…
A: Concept of Accrual AccountingAccrual Accounting is a method of recording financial transactions when…
Q: What is the profit margin ratio for river stone Ltd?
A: Explanation of Sales Revenue: Sales revenue represents the total amount of money generated from…
Q: Subject : Financial Accounting
A: Explanation of Profit Margin Ratio:The Profit Margin Ratio measures a company's profitability by…
Q: What is the amount of total liabilities at the end of the year ?
A: Explanation of Accounting Equation:The Accounting Equation is a fundamental concept in financial…
Q: What will be the firm's operating cycle
A: Concept of Operating CycleThe operating cycle is the total time a company takes to convert its…
Q: Suppose Austin Sound had sales of $450,000 and sales returns of $55,000. Cost of goods sold was…
A: Concept of Sales RevenueSales revenue is the total income a company generates from selling goods or…
Q: MCQ
A: Explanation of Sales: Sales represents the total revenue ($15,000) that Samson Corp generated from…
Q: Direct material spending variance.
A: Explanation of Direct Materials Cost:Direct materials cost refers to the expense incurred on raw…
Q: Correct Answer
A: Step 1: Analysis of information givenAssets = Liabilities + Owner's EquityAssets = $895,000Owner's…
Q: I want the correct answer with accounting question is solution
A: Step 1: Definition of Lease Payment CalculationA lease payment is the fixed amount paid periodically…
Q: Financial accounting questions
A: Step 1: Define Gross EarningsGross earnings are calculated by summing the regular pay and any…
Answer this Financial Accounting Problem
Step by step
Solved in 2 steps
- A firm, which sells widgets, has annual fixed costs of $16,000,000. Each widget sells for $13 and takes $8 in variable costs to manufacture. If sales volume last year was $30,000,000, what is the number of widgets the firm must sell to have EBIT = 0? NO WRONG ANSWERSmartTech Electronics sells wireless earbuds at $80 per unit. The variable cost per unit is $35, and fixed costs are $90,000 per year. What sales volume (in units) is needed to achieve a target profit of $60,000?Don't want ai answer
- Charlevoix Cases makes mobile phone cases. The company has collected the following price and cost characteristics: Sales price $ 12.00 per case Variable costs 5.50 per case Fixed costs 403,000 per year Assume that the company plans to sell 77,000 units annually. Consider requirements (b), (c), and (d) independently of each other. Required: What will be the operating profit? What is the impact on operating profit if the sales price decreases by 20 percent? Increases by 10 percent? Note: Do not round intermediate calculations. What is the impact on operating profit if variable costs per unit decrease by 20 percent? Increase by 10 percent? Note: Do not round intermediate calculations. Suppose that fixed costs for the year are 20 percent lower than projected and variable costs per unit are 20 percent higher than projected. What impact will these cost changes have on operating profit for the year? Will profit go up? Down? By how much? Note: Do not round intermediate…A company is analyzing its break-even point for a product with a selling price of $63 per unit. The variable cost per unit is $42, and the fixed costs are $212,000 per year. If the company wants to achieve a profit of $57,000, how many units must it sell to meet this profit goal? HelpPlease Solve This General Accounting Question
- A company is analyzing its break-even point for a product with a selling price of $63 per unit. The variable cost per unit is $42, and the fixed costs are $212,000 per year. If the company wants to achieve a profit of $57,000, how many units must it sell to meet this profit goal? I want solve the problemI want to answer this questionThe Price Company will produce 55,000 widgets next year. Variable costs will equal 40 percent of sales, while fixed costs will total R110,000. At what price must each widget be sold for the company to achieve an EBIT of R95,000?