Cool Electronics sells TVs for $800 each, costing $500 each. Monthly fixed costs are $20,000. the number of units needed to break even. Please round units.
Q: Safe Bank's loan agreement specifies: principal $50,000, annual interest rate 8%, term 3 months.…
A: To calculate the total interest payable for the loan period, we can use the formula for simple…
Q: Accounting 27
A: Explanation.a) Always has voting rights This is incorrect. Preferred stockholders typically do not…
Q: Expert need your help
A: FEEL FREE TO ASK FOR CLARIFICATIONS
Q: General accounting question
A: Step 1: Definition of Ending Owner's EquityEnding owner's equity represents the balance of equity…
Q: Financial Accounting MCQ
A: Concept of Purchase CommitmentA purchase commitment represents a binding agreement by a buyer to…
Q: general account questions
A: To calculate Ivanhoe Inc.'s total product costs, we need to include direct materials (DM), direct…
Q: Hi expert please give me answer general accounting question
A: Given:Current Market Price (P0) = $40Recently Paid Dividend (D0) = $3Dividend Growth Rate (g) =…
Q: Hello tutor please help me this question
A: Step 1: Calculate the overhead rate per machine hourStep 2: Calculate the overhead applied to Job…
Q: The time value of money concept is most relevant to: 1) Petty cash management 2) Long-term financial…
A: The time value of money (TVM) is a fundamental financial principle that emphasizes how the value of…
Q: What is Clark's rate of return? General accounting
A: To calculate Clark's rate of return, we can use the formula: Rate of Return = (Ending Value -…
Q: 1.4.67 general accounting
A: Step 1:The selling Price per unit can be calculated by putting the values of fixed cost and other…
Q: A company buys equipment for $54,000 with a salvage value of $5,000 and an expected useful life of…
A: To calculate the annual depreciation expense using the straight-line method, the formula is: Annual…
Q: kindly help me with accounting question
A: Step 1: Definition of Net Realizable Value (NRV)The Net Realizable Value (NRV) of accounts…
Q: General accounting
A: To calculate the rate of return, use the following formula. Rate of Return=Initial ValueFinal…
Q: Which of the following is an example of a period cost in a company that makes clothing? a. Fabric…
A: Step 1: Understand the Difference Between Period Costs and Product CostsPeriod Costs:These are…
Q: financial account
A: Step 1: Understand the Formula for Gross ProfitThe formula to calculate Gross Profit is: Gross…
Q: General Accounting
A: Concept of Sales RevenueSales revenue represents the total amount of money generated from the sale…
Q: solve. this general account query
A: Step 1: Recall the Components of Product CostsProduct costs (also known as manufacturing costs)…
Q: How much is the total materials variance??
A: Step 1: Definition of Total Materials VarianceThe total materials variance is the difference between…
Q: Given correct answer general Accounting question
A: Step 1: Define Owner's Equity and Net IncomeOwner's Equity: It represents the owner's claim on the…
Q: 3 POINTS
A: Option a: This option 1 is correct because, a purchase commitment refers to a firm obligation to buy…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Receivables Turnover RatioThe Receivables Turnover Ratio measures how…
Q: Sawyer Industries, Inc. (SII), developed standard costs for direct material and direct labor. In…
A: Formula for Direct Material Efficiency VarianceThe direct material efficiency variance measures the…
Q: Calculate the cost
A: Explanation of Variable Costing:Variable costing is a method of inventory valuation in which only…
Q: What must the sales be?
A: Approach to solving the question: Step 1: To get the sales dollar and units, we first compute the…
Q: Don't use ai given answer accounting questions
A: Capital Gain: Selling price - Purchase price = $2,120 - $2,000 = $120 Total Gain: Capital Gain +…
Q: None
A: Step 1: Define Plant wide Overhead RateA plant wide overhead rate is a single overhead rate used to…
Q: Quick answer of this accounting questions
A: To calculate the gross margin percentage, we first need to determine the net sales and then use the…
Q: A piece of equipment that was originally purchased for $29,400, had accumulated depreciation of…
A: Explanation of Book Value:Book value refers to the value of an asset recorded on the company's…
Q: Subject - general account - During the current year, merchandise is sold for $40,000 cash and…
A: Step 1: Understand the Gross Profit FormulaGross profit is calculated as: Gross Profit=Net…
Q: Financial information is presented below: Operating expenses $ 57,000 Sales returns and allowances…
A: We calculate the Gross Profit by using the formula: Gross Profit=Net Sales−Cost of Goods Sold…
Q: General Accounting question
A: Step 1:First calculate the earnings before interest and taxes: Times interest earned ratio =…
Q: If you give me wrong answer of this financial accounting question I will give you unhelpful rate
A: Step 1: Define Sales ReturnsSales returns refer to the portion of sales that a company expects to be…
Q: General accounting
A: Given:Beginning work in process inventory = $35,000Ending work in process inventory = $40,000Costs…
Q: Provide answer
A: Since this reduction increases profit, when COGS is reduced by $5 million, the full $5 million…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Return on Equity (ROE)ROE is a financial ratio that measures the profitability…
Q: Question related to accounting
A: Explanation of Salary Expense:The Salary Expense is the total amount a company records on its income…
Q: Don't want incorrect answer
A: Explanation of Historical Cost Principle: The historical cost principle is a fundamental accounting…
Q: What is the net income of this general accounting question?
A: 1. Calculate EBIT:EBIT = Sales - Costs - DepreciationEBIT = $600,000 - $350,000 - $60,000EBIT =…
Q: Palladium, Incorporated recently lost a portion of its records in an office fire. The following…
A: To calculate the Beginning Finished Goods Inventory, we use the relationship between Cost of Goods…
Q: Hello tutor please help me this question solution general accounting
A: Step 1: Define High-Low MethodThe high-low method is an accounting approach to estimate the variable…
Q: Financial accounting
A: Step 1: Define Capital Gains YieldIn finance, capital gains refer to the difference between the…
Q: Sawyer Industries, Inc. (SII), developed standard costs for direct material and direct labor. In…
A: Direct Material Price VarianceThe direct material price variance measures the difference between the…
Q: Need solution
A: Approach to solving the question:Please see attached photo for detailed solutions. Thank…
Q: 4 POINTS
A: We have given :Total assets = $955,250Turn over rate = 1.32Debt-equity ratio = 0.49Return on equity…
Q: Cool Electronics sells TVs for $800 each, costing $500 each. Monthly fixed costs are $20,000. __ the…
A: The question requires the determination of the number of break even units.Break-even analysis…
Q: True or False?
A: Step 1: Book value Book value = Original cost - Accumulated depreciationBook value = $29,400 -…
Q: What is the total cost of job?
A: Let me solve this step by step.Step 1.Calculate Direct Material Cost Direct material cost…
Q: A fixed asset with a cost of $30,000 and accumulated depreciation of $28,000 is sold for $3,500.…
A: To determine the gain or loss on disposal, we need to calculate the asset's book value at the time…
Q: The East Company manufactures several different products. Unit costs associated with Product ORD203…
A: Step 1: Identify costs related to manufacturing• Direct materials• Direct manufacturing labor•…
Hii, Tutor Give answer to this Problem
Step by step
Solved in 2 steps
- Skippy's Scooters plans to sell a standard scooter for $250 and a chrome scooter for $300. Skippy's purchases the standard scooter for $125 and the chrome scooter for $150. Smartie expects to sell one standard scooter for every three chrome scooters. Skippy's monthly fixed costs are $158,125. Requirements 1. How many of each type of scooter must Skippy's Scooters sell each month to break even? 2. How many of each type of scooter must Skippy's Scooters sell each month to earn $218,500? Requirement 1. How many of each type of scooter must Skippy's Scooters sell each month to break even? Start by selecting the formula and entering the amounts to compute the breakeven point in units for the "package" of products-total scooters to be sold. (Enter a "0" for any zero balances. Enter currency amounts to the nearest cent. Abbreviation used: Weighted-avg. CM = weighted-average contribution margin.) Required sales in units + + )/Stevie's Scooters plans to sell a standard scooter for $850 and a chrome scooter for $1350. Stevie's purchases the standard scooter for $450 and the chrome scooter for $600. Stevie's expects to sell one standard scooter for every three chrome scooters. Stevie's monthly fixed costs are $715,500. Requirement 1. How many of each type of scooter must Stevie's Scooters sell each month to break even? Start by selecting the formula and entering the amounts to compute the breakeven point in units for the "package" of products—total scooters to be sold. (Enter a "0" for any zero balances. Enter currency amounts to the nearest cent. Abbreviation used: Weighted-avg. CM = weighted-average contribution margin.) ? ? ? ? ( Fixed costs + Target profit ) ÷ Weighted-avg. CM per unit = Required sales in units ( + ) ÷ = Requirements Dialog…Stevie's Scooters plans to sell a standard scooter for $600 and a chrome scooter for $850. Stevie's Scooters purchases the standard scooter for $320 and the chrome scooter for $350. Stevie's expects to sell one standard scooter for every three chrome scooters. Stevie's monthly fixed costs are $338,200. Read the requirements. Requirement 1. How many of each type of scooter must Stevie's Scooters sell each month to break even? Start by selecting the formula and entering the amounts to compute the breakeven point in units for the "package" of products-total scooters to be sold. (Enter a "0" for any zero balances. Enter currency amounts to the nearest cent. Abbreviation used: Weighted-avg. CM = weighted-average contribution margin.) Requirements 1. How many of each type of scooter must Stevie's Scooters sell each month to break even? 2. How many of each type of scooter must Stevie's Scooters sell each month to earn $801,000? 3. Suppose Stevie's Scooters' expectation to sell one standard…
- I need the second Req please! Thank you.An auto parts supplier sells batteries to car dealers and auto mechanics. The annual demand is approximately 1,200 batteries. The suppliers pays $28 for each battery and estimates that the annual holding cost is $8.40 per year. It costs approximately $20 to place an order. Assume a 250-day working year. a. Compute for the EOQ round off your answer to the nearest whole number. b. Compute for the expected number of orders. Round off your answer to the nearest whole number. c. Compute for the expected time between orders. Round off your answer to the nearest whole number.A hardware store sells paint that has a demand of 9,706 gallons per year. The store purchases the paint from a supplier for 11.2 dollars per gallon The unit holding cost per year is 24 percent of the unit purchase cost. while the ordering cost is 175 dollars per order. The paint supplier has a lead time of 10 days. What is the annual ordering cost if the store uses the order quantity of 2,103 gallons per order? Assume EOQ model is appropriate. Use at least 4 decimal places.
- Steve's scooters plans to sell a standard scooter for $160 and a chrome scooter for $200.00. Steve's purchases the standard scooter for $40 and the chrome scooter for $50. Steve expects to sell one standard scooter for every three chrome scooters. Steve's monthly fixed costs are $102, 600. How many of each type of scooter must Steve's scooters sell each month to break even?provide answer for this account queryCrane Industries produces and sells a cell phone-operated home security control systems. Information regarding the costs and sales during May 2022 is as follows. Unit selling price $45.00 Unit variable costs $25.20 Total monthly fixed costs $124,000 Units sold 8,400 Prepare a CVP income statement for Crane Industries for the month of May. (Round per unit answers to 2 decimal places, e.g. 15.25.)
- A company makes and sells ornamental vases. To make the vases there is a fixed monthly cost of $6,000 and an additional production cost of $9 per vase. The vases sell for $18 each. Find the break even point.Elyssa’s Elegant Eveningwear (EEE) needs to ship fi nishedgoods from its manufacturing facility to its distributionwarehouse. Annual demand for EEE is 2400 gowns. EEE canship the gowns via regular parcel service (3 days transit time),premium parcel service (1 day transit time), or via public carrier(7 days transit time). Calculate the average annual transportationinventory for each alternative.Marquette has an opportunity to sell its product through an online retailer. To begin selling through this online platform, they are required to ship 2,000 units to the retailers’ order fulfillment warehouse. The other condition of this offer is that they pay a one-time vendor marketing fee of $5,000. To get the units to the fulfillment warehouse by the deadline Marquette will need to pay for expedited shipping at a cost of $10 per unit. What is the minimum price Marquette should charge the retailer for this initial order of 2,000 units? (Show all supporting calculations). (NOTE: ignore taxes or other costs not specifically mentioned in the questions.)
