Jane wants to set up a photoshop. The cost to rent an office is 5150 per week. The variable cost of making one photo is $20 and she can sell it for 550. If jane sells 10 units, her profit would be dollars.
Q: Sarah is buying a house worth $300,000 and plans to make a down payment of 20%. She gets a 30-year…
A: First, let's calculate the loan amount:Loan amount = House price * (1 - Down payment percentage)Loan…
Q: Texas Oil Co. transports crude oil to its refinery where it is processed into main products…
A: Adjusted Joint CostsJoint processing costs: $5,000,000Less: Base oil revenue: $500,000=…
Q: Required information [The following information applies to the questions displayed below.] The…
A: Step 1: Define Probabilities and Tax AmountsBased on the table and provided information, we set up…
Q: need answer please provide with correct option
A: Step 1: The salaries Payable account is decreased which means along with the current year salary…
Q: Question 5 Melissa has $90,000 in salary from her full-time position and $40,000 in net income in…
A: Melissa's self-employment income = $40,000 net income from consulting. full-time salary of $90,000…
Q: General Accounting
A: Notes payable is not an operating current liability so changes in notes payable are not considered…
Q: Question 29
A: Step 1: The amount of gain or loss on the sale of furniture to be included in the entry can be…
Q: Business Valuation Strategies vary by industry and are constantly changing. Use the keywords…
A: After searching the CSU Global Library database using the keywords 'business valuation method', an…
Q: Want answer
A: Explanation of Manufacturing Overhead (MOH): Manufacturing overhead refers to all indirect costs…
Q: vi.3
A: Answer to Requirement a)Purchases in October = (Qty) = Total Goods Available for sale - Beginning…
Q: Debt ratios measure the proportion of total assets financed by a firm's creditors. Sunny Co. has a…
A: Fixed Financial Charge Coverage RatioThe ability to cover fixed financial charges, often calculated…
Q: Business 123 Introduction to InvestmentsMay an expert please find at least 5 domestic stock mutual…
A: I looked for domestic stock mutual funds with a solid track record in large-cap and growth-oriented…
Q: Help me to prepare the Statement of Financial position using information in the pictures with…
A: Step 1:Balance sheet is to be prepared taking into account the adjustments. Each adjustment is…
Q: Subject: Accounting
A: Explanation of EBIT (Earnings Before Interest and Taxes): EBIT represents a company's earnings…
Q: Instructions: The answer should be with quality material The Case Study’s the copy must be upload…
A: 1. Investor considering purchasing common stock of 24/7 Fitness (Long-Term Investment):The…
Q: Need General Accounting Question Solution
A: Explanation: In the given question, Sarah is buying a house worth $300,000 for which she will make a…
Q: What is the amount of net sales from the transactions on these accounting?
A: Step 1: Define Cash DiscountA cash discount is offered by a seller to induce customers to make…
Q: Don't use AI.
A: Deduct the variable costs from the selling price to get the CM per unit. This should include the 1…
Q: ll
A: Requirement 1: Computation of the cost of goods sold and ending inventory under the FIFO method as…
Q: Mini-Exercise 12-3 (Algo) Prepare a contribution margin format income statement LO 12-7 Eastern…
A: Guide:start with the total revenues generated in August= units sold x selling price per unit= 8,000…
Q: Financial accounting
A: Explanation of Cash Flow Hedge: A cash flow hedge is a risk management strategy used to protect…
Q: Subject: financial accounting
A: Explanation of Investment Amount: The investment amount is the total capital put into a project or…
Q: Provide Answer to the Following Problem
A: Explanation of Beginning Petty Cash: Beginning Petty Cash is the initial amount of cash set aside in…
Q: On January 1, 2024, Kroll Corporation paid $2,954,000 for 34 percent of the outstanding voting stock…
A: Step 1: Initial InvestmentKroll invested $2,954,000 in Sharon.Step 2: Equity in EarningsSharon's net…
Q: How much is the annual amortization expense for 2019 on accounting question?
A: Step 1: Define Intangible AssetsIntangible assets are assets that do not have a physical existence…
Q: Kindly provide answer
A: Detailed explanation: Where there is a compound financial instrument, the equity part is arrived at…
Q: 5 George Springer Corporation plans to grow by offering a sound system, the SS3000, that is…
A: The correct answer is:b. Product differentiationThe strategy described for George Springer…
Q: accounts
A: FV = $1,200 × (1 + 2%)5FV = $1,325 PV = PMT × [1 - (1 + r)-n]/rWhere:Periodic or monthly payment…
Q: Hello tutor provide solution this accounting question
A: Step 1: Define Property, Plant and EquipmentProperty, Plant and Equipment is composed of long-term…
Q: fill in blanks
A: CalculationsNote 1 Present value of fair value$120,000LessPresent value (0.88999 * 12000)$10,680…
Q: General Accounting Theory Question
A: Explanation of Forward Contract: A forward contract is a customized financial agreement between two…
Q: Provide answer the accounting question
A: Step 1: Define Intangible AssetIntangible assets must be reported on a company's balance sheet,…
Q: Period
A: Explanation of Cost of Goods Sold (COGS): Cost of Goods Sold represents the total cost of…
Q: Solve this problem & give accurate answer
A: Explanation of Accounts Receivable: Accounts receivable represents the money owed to a company by…
Q: Revenues are normally recognized when the company transfers promised goods or services in the amount…
A: Amount of revenue earned in September: ActivityExplanationa.No revenue earned in September. The…
Q: None
A: Step 1: Introduction to the Statement of Cash FlowsStatement of Cash Flows is a financial…
Q: Jan 2023 Dec 2022 Attractions Building & Equipment 35,255 33,798 Furniture fixtures…
A: 1) First, let's identify the equipment-related values at beginning of 2023:Half of PPE cost = 66,998…
Q: Shin, RC, died on Jan 1, 2022 (married 2010). Shin left the following properties: -Building…
A: 1. Identify and Classify PropertiesExclusive Properties:Building inherited during the marriage:…
Q: Need help to solve this problem
A: Explanation of Product Costs: Product costs, also known as manufacturing or inventoriable costs, are…
Q: Suppose a customer rents a vehicle for three months from Commodores Rental on November 1, paying…
A: Step 1:Deffered revenue is the revenue which is not earned yet but advance payment received from…
Q: Financial Accounting Question: give me answer
A: Explanation of Return on Investment (ROI):Return on Investment (ROI) is a financial metric that…
Q: Solve this accounting problem
A: Step 1:- Introduction to the Discounting Own NotesA company can discount their notes by giving the…
Q: Exercise 19-17 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares…
A: Above answers can be computed as under- Weighted average shares of common stock…
Q: Do fast and step by step calculation for these general accounting question
A: Step 1: Define Property, Plant and EquipmentProperty, plant, and equipment is classified as a…
Q: Question 1: A project's base price is $940,000, with installation cost of $21,000. Depreciation…
A: b. Operating Cash Flows for Years 1, 2, and 3Operating cash flows are calculated by considering…
Q: Can you solve this accounting question?
A: Step 1: Define Monthly Loan PaymentThe monthly loan payment is the amount of money that must be…
Q: Wonder Fried Chicken bought equipment on January 2, 2025, for $42,000. The equipment was expected to…
A: Units-of-Production Depreciation Schedule Date Asset CostDepreciation for…
Q: Need help
A: Step 1: Define Current RatioThe current ratio is the ratio of current assets relative to the current…
Q: Compute the annual rate of return on this accounting question
A: Step 1:- Introduction to the Annual Rate of ReturnThe annual rate of return is the rate at which the…
Q: Hi expart give answer the accounting question do fast
A: Step 1: Define Joint CostsJoint costs are an outcome of a process that starts with one input and…
Solve these general accounting question
Step by step
Solved in 2 steps
- Gloria is planning on opening a cake shop. She has found a location that rents for $15,550 per year and it will cost her another $13,716 to furnish the shop and purchase all the necessary equipment. She plans on charging $20 for a cake and it will cost her $3 per cake for ingredients and $1.92 per cake for decorations and $1.59 per cake for the beautiful, colorful to-go boxes. What is the dollar breakeven point she will need to earn to cover her costs in the first year? Round to the nearest whole number.After three years in the cake shop business, Gloria has decided she can now afford to advertise. An advertising package would cost her $30,416 for one year. Assuming advertising is a fixed cost and her unit contribution is now $8.75, how many additional cakes would she need to sell to make the advertising package worthwhile? That is, how many additional cakes does she need to sell to pay for the advertising and breakeven. Round to the nearest whole number.Plank, the new owner of the vehicle accessory shop, is considering buying sets of winter tyres for $ 299 per set and selling them at $ 520 each. Fixed costs related to this operation amount to $ 3250 per month. It is expected that 18 sets per month could be sold. How much profit will Plank make each month? Hint: use the contribution margin approach.
- Suppose you make a beautiful coffee table out of Jupiter trees. Your materials costhe materials cost for each table is $135. You pay your Craftsman $25 per hour and it takes him 5 hours to complete one table. If you sell those tables for $689 what is your cost of good sold percentageavi sells seashore paintings. His annual Fixed Costs are $1,000 and the Variable Costs are $8 per painting. If Xavi sells his paintings for $15, and sells 50 paintings per year more than his breakeven volume, what is his average cost per painting?Sally is considering opening up a lemonade stand to earn some spending money over the summer. She estimates each glass of lemonade will cost her $1 to prepare for sale. What does she need to sell it for in order to make $1.50 of gross profit on each glass?
- Xavi sells seashore paintings. His annual Fixed Costs are $1,000 and the Variable Costs are $8 per painting. Xavi is considering advertising his artwork in a local gallery, the cost of which is $80 per month. What would be the new annual breakeven revenue (in dollars) if he continues to sell his pieces for $15?Janine’s Bakeshop is doing well that it needed to expand its operation. This coming September, she decides to rent an additional space for P15,000 per month and bought additional equipment with a monthly depreciation cost of P8,000. These add to her current cost of P45,000 per month as she is open daily. The variable cost per piece of her famous pastry is P21. With this new setup, she can sell a net of 500 pcs per day. For peso amounts, round your answers to the nearest cents (i.e. two decimal places).a. How much is the minimum selling price to breakeven? b. She decided to sell at P30 per piece. At what quantity per day will she breakeven? c. If she wants to earn a profit of at least P3,000 per day and can sell 500 pastries a day, what should her selling price be?Planck, the new owner of the vehicle accessory shop, is considering buying sets of winter tyres for $ 299 per set and selling each set at $ 520. Fixed costs related to this operation amount to $ 3250 per month. It is expected that 18 sets per month could be sold. How much profit will Planck make each month? Round to the nearest one. Hint: use the contribution margin approach.
- You are opening a coffee shop. You estimate the weekly costs of $375 for rent, $2100 for employee costs, and $125 for miscellaneous costs. The ingredients and material cost for each cup of coffee is 0.35 (cents) per cup. 1) Create a cost function for the coffee shop. 2) If the investors estimate that they will be able to sell 1100 cups of coffee per week. How much should they charge per cup to make a profit? Justify your answer and/or explain.Xia-Ming is considering the expansion of her picture-framing camera business to include the printing of oversize pictures from CDs. She would need to lease equipment, at a cost of $66 per month. To process the pictures, she estimates that she would have supplies expenses of $4 per picture. Xia-Ming estimates that she can sell 60 pictures per month. (a) What price should she charge to break even? (b) Compute the break-even point in sales dollars. The picture frames should be sold for $ to break even. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Ask my instructor по C U MB 1 100 U Clear all Check answer TUF GAMING JYSKO PRISCMohan, an artist, wants to know how many caricatures he must sell to realize a yearly profit objective of $30,000. Each caricature sells for $20 and costs $5 in materials to make. The fixed costs for Mohan’s studio are $30,000 per year. A distribution chain for hotel room art includes the artist, a wholesaler, the hotel chain, and the individual hotel franchise owner. The artist sells each painting to the wholesaler for $80, realizing a 75% margin on the selling price. The wholesaler sells the art to the hotel chain for a 50% margin. The hotel chain then sells the art to its individual hotel franchise owners, and earns a 20% margin. If the cost for the artist to produce each painting doubles due to a shortage in canvas, what is the new cost to the hotel franchise owner if every member of the distribution chain maintains the same DOLLAR margin?
