Cool Electronics sells TVs for $800 each, costing $500 each. Monthly fixed costs $20,000. are the number of units needed to break even. Please round units.
Q: Required information [The following information applies to the questions displayed below.] Rose…
A: When the company purchases shares, it debits (increases) the 'Short-term Investments' account and…
Q: Need experts solution only, Don't use AI.
A: General formula:Projected benefit obligation, January 1$xxAdd: Service costxxAdd: Interest cost…
Q: answer
A: Explanation of Activity-Based Costing (ABC): Activity-based costing is a costing methodology that…
Q: Dave (SSN 412-34-5670) and Alicia (SSN 412-34-5671) Stanley are married and file their return…
A: 1. Income BreakdownRental IncomeMonthly rental income: $27,000Occupancy rate: 90%The annual rental…
Q: Question: Ivanhoe Company has four operating divisions. During the first quarter of 2025, the…
A: The contribution margin is a profitability ratio that calculates the profitability for individual…
Q: sub. Acoount
A: To determine the budgeted sales revenue for Quarters 1, 2, and 3 with full details, we need to…
Q: A company has a profit margin of 6.5% and an equity multiplier of 2.8. Its sales are $750 million,…
A: DuPont Analysis is a framework of the ratio components of return on equity (ROE) to determine the…
Q: Juan Diego began the year with a tax basis in his partnership interest of $51,400. During the year,…
A: To determine the carryover amounts and their character for Juan Diego's $1231 losses and short-term…
Q: The following facts pertain to a non-cancelable lease agreement between Faldo Leasing Company and…
A: Step 1:Lease liability is initially measured at present value of remaining lease payments discounted…
Q: Prepare the entry to record bad debt expenses on these accounting question
A: Step 1: Define Bad Debt ExpensesIn accounting terms, a receivable is no longer recoverable. A bad…
Q: Chavez Corporation reported the following data for the month of July: Inventories: Raw materials…
A: Follow this formula:Direct Materials Cost = Beginning Inventory of Raw Materials + Purchases of Raw…
Q: Both answer please
A: Approach to solving the question: Research and Analysis Key references: Accountinguide.com. (2024,…
Q: Tutor help
A: To calculate how much additional sales would be required to achieve the same impact on profit as…
Q: Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is…
A: Detailed explanation: Part (a): Determining Total Revenue Using the VLOOKUP ConceptUnderstanding the…
Q: E8.3 (LO 1) (LCNRV) Sedato Company follows the practice of pricing its inventory at LCNRV, on an…
A: Step 1: Understand the LCNRV RuleFor each inventory item, we must use the LOWER of:Cost per unit,…
Q: The draft trial balance of Regent Ltd as at 31 May 20X9 agreed. The business proceeded with the…
A: To correct the first error, we need to record the bank charges of £266 that were omitted from the…
Q: Sub: Accounting
A: Explanation of Financial Guarantee Contract: A financial guarantee contract is an agreement that…
Q: ACCOUNT DR ($) CR ($) CASH 290,135 ACCOUNTS RECEIVABLE 1,000,000 ALLOWANCE FOR BAD DEBT…
A: The first step in preparing an income statement is to identify the total revenue. In this case, the…
Q: Coastal's balance sheet for a recent year revealed the following information Current assets…
A: The formula for computing the working capital is:Working Capital = Current Assets - Current…
Q: account answer need
A: The question asks about the underlying conditions that create demand for reliable information. Each…
Q: What is the return on equity on these accounting question?
A: Step 1: Define Profitability RatioProfitability ratios reflect how efficiently a firm utilizes its…
Q: Sales for a firm are $541,000, cost of goods sold are $401,000, and interest expenses are $17,000.…
A: Gross profit margin is a profitability ratio that measures the percentage of sales revenue left over…
Q: Comprehensive budgetsShredder Manufacturing has the following projected unit sales (at $18 per unit)…
A: 4. Direct Labor Budget Jan.Feb.MarchTotalProduction32,50030,50032,75095,750DL time per unit0.50.50.5…
Q: Garden Company has the capacity to produce 200,000 tillers. Variable costs are $30 per tiller. Fixed…
A: Detailed explanation: 1. Problem Breakdown and Variables DefinedThe Garden Company has three…
Q: Sub. Account
A: Correct Answer: G. Helps a seller analyze its pricing Explanation of Gross Profit PercentageThe…
Q: Payday October 23—For Period Ending October 17, 20--.” On the following lines, record the payroll…
A: To complete comprehensive payroll accounting for the October 23 pay period, here's a step-by-step…
Q: solve this account query
A: Step 1: Identify Key InformationFrom the given data:Variable production costs = $480,000Variable…
Q: Firms usually offer their customers some form of trade credit. This allowance comes with certain…
A: 1. Determining the True Price of the Invoice with the DiscountThe payment terms "3/10, net 30" mean…
Q: need both this account requirements
A: a. Estimated Percentage of Idle Time 1. Formula: Estimated Percentage of Idle…
Q: need just correct option
A: Explanation: Individuals who deal in the revenue departments come under staff managers. The…
Q: In 2025, Teal Corporation discovered that equipment purchased on January 1, 2023, for $40,000 was…
A: Step 1: Calculate DepreciationEquipment cost: $40,000Useful life: 5 yearsAnnual depreciation…
Q: What is the purpose of adjusting entries? Please provide an example of at least one adjusting entry.
A: Purpose:1. Reflect true financial position. The financial statements provide an accurate picture of…
Q: Need help of Accounting Expert
A: Variable cost per X-ray = (Cost of the highest activity level - Cost of the lowest activity level) /…
Q: Give the answer
A: Explanation of Work in Process Inventory: Work in process (WIP) inventory refers to the costs of…
Q: What amount should be reported on the balance sheet for inventory on these general accounting…
A: Step 1: Define Inventory ValuationIn the context of accounting, the valuation methods such as the…
Q: Problem 2.9: In a joint operation, each party recognizes: a) Their share of assets, liabilities,…
A: Explanation of Their share of assets, liabilities, revenues and expenses:In a joint operation, each…
Q: Splish Brothers Corporation recorded a right-of-use asset for $262,500 as a result of a finance…
A: First, we need to calculate the interest expense for the year. This is done by multiplying the lease…
Q: I want answer
A: Explanation of Period Costs: Period costs are expenses that are reported in the period in which they…
Q: sh.1
A: The above amounts were computed as:Direct materials = 20/unit x 3,000 units = 60,000Direct labor =…
Q: Need answer
A: Explanation: The formula to calculate direct material quantity variance is as follows:Direct…
Q: FINANCIAL ACCOUNTING- MILFORD INC. HAS A DEBT-TO-EQUITY RATIO OF 0.80. IT HAS TOTAL SHAREHOLDERS'…
A: Explanation of Debt-to-Equity Ratio:The debt-to-equity ratio measures the proportion of a company's…
Q: Dorothy Koehl recently leased space in the Southside Mall and opened a new business, Koehl's Doll…
A: Detailed explanation: DecemberJanuaryFebruarySales (Collections)$ 170,000$40,000$ 66,000…
Q: Refer to the Wall street journal article "Under Armor Faces U.S Inquiries" - from Novemver 4, 2019 -…
A: Detailed explanation:The "Fraud Exposure Rectangle" framework helps us understand different fraud…
Q: Need Financial Accounting Question solution
A: Step 1: Definition of Accrual Adjustment: An accrual represents revenues earned but not received…
Q: Solve these general accounting issue please provide correct solution
A: Step 1: Define Capital GainThe capital gain on an asset refers to the difference between the initial…
Q: None
A: In process costing systems, like the one used by Stone Incorporated, the weighted average method is…
Q: Hello tutor answer the accounting question step by step and correct
A: the fixed annual dividend for preference shares will be:Preference share capital: 50,000 shares with…
Q: Ownership
A: Explanation of Consolidation Method: The consolidation method is an accounting technique where a…
Q: find the Ending Balance Sheet year 0 and year 1 Cash Receivables Inventories Prepayments Net…
A: Let's start by calculating the ending balance sheet for Year 0. We will use the transactions…
Q: Need help with this accounting question do fast and step by step calculation with explanation Don't…
A: Step 1: Inventory should be valued at cost or market value which is lower.Given that cost per unit…
The following Question
Step by step
Solved in 2 steps
- I need the second Req please! Thank you.Yarn Basket, Ltd., sells handminus−knit scarves. Each scarf sells for $35. The company pays $350 to rent a vending space for one day. The variable costs are $10 per scarf. What total revenue amount does the company need to earn to break even?Casey’s Cases sells cell phone cases in a mall kiosk. Casey charges $40 per case. The variable cost for a case, including the case, the royalty paid to the mall, and so on is $31. The monthly fixed cost for Casey’s Cases is $3,150. Required: a. How many cases must Casey sell every month to break even? b. Casey believes that he can sell 435 cases a month. What is the margin of safety in terms of the number of cases?
- 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.Sammy's Scooters plans to sell a standard scooter for $90 and a chrome scooter for $120. Sammy's purchases the standard for $45 and the chrome scooter for $30. Sammy's expects to sell one standard scooter for every three chrome scooters. Sammy's monthly fixed costs are $69300 1. How many of each type of scooter must Sammy sell each month to break even? 2. How many of each type of scooter must Sammy sell each month to earn $126000Stevie'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…
- Bonita Industries sells MP3 players for $80 each. Variable costs are $50 per unit, and fixed costs total $120000. How many MP3 players must Bonita sell to earn net income of $300000? 4200. 4000. 14000. 6000.Juniper Enterprises sells handmade clocks. Its variable cost per clock is $6, and each clock sells for $24. The company’s fixed costs total $6,660.How many units must Juniper sell to earn a profit of at least $5,400?Locust Software sells computer training packages to its business customers at a price of $101. The cost of production (in present value terms) is $99. Locust sells its packages on terms of net 30 and estimates that about 7% of all orders will be uncollectible. An order comes in for 30 units. The interest rate is 1.3% per month. Required: a-1. Calculate the profit or loss if this is a one-time order and sale will not be made unless credit is extended a-2. Should the firm extend credit if this is a one-time order? b. What is the break-even probability of collection? c-1. Now suppose that if the customer pays this month's bill, they will place an identical order in each month indefinitely and can be safely assumed to pose no risk of default.Calculate the present value of the sale. c-2. Should credit be extended? d. What is the break-even probability of collection in the repeat-sales case? Complete this question by entering your answers in the tabs below. Req A1 A2 and Req C1 C2 and B D…
- Locust Software sells computer training packages to its business customers at a price of $101. The cost of production (in present value terms) is $99. Locust sells its packages on terms of net 30 and estimates that about 7% of all orders will be uncollectible. An order comes in for 30 units. The interest rate is 1.3% per month. Required: a-1. Calculate the profit or loss if this is a one-time order and sale will not be made unless credit is extended a-2. Should the firm extend credit if this is a one-time order? b. What is the break-even probability of collection? c-1. Now suppose that if the customer pays this month's bill, they will place an identical order in each month indefinitely and can be safely assumed to pose no risk of default.Calculate the present value of the sale. c-2. Should credit be extended? d. What is the break-even probability of collection in the repeat-sales case? Complete this question by entering your answers in the tabs below. Req A1 A2 and Req C1 C2 and в D…The Tick Tock Clock Company sells a particular clock for $75. The variable costs are $15 per clock and the breakeven point is 230 clocks. The company expects to sell 280 clocks this year. If the company actually sells 355 clocks, what effect would the sale of additional 75 clocks have on operating income? Explain your answer The sale of an additional 75 dlocks would aller an. operating income by the amount of The total effect would amount to 4Casey’s Cases sells cell phone cases in a mall kiosk. Casey charges $42 per case. The variable cost for a case, including the case, the royalty paid to the mall, and so on is $32. The monthly fixed cost for Casey’s Cases is $3,250. Required: How many cases must Casey sell every month to break even? Casey believes that he can sell 385 cases a month. What is the margin of safety in terms of the number of cases?