Sales price is $100 per unit. Unit variable cost is $40 per unit. Total fixed costs are $1,200. How many units do you need to sell to earn a target profit of $600? 15 units 45 units 30 units 20 units 18 units
Q: Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to…
A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: Moon Co. sells food blenders. During 2022, Moon made 37,000 blenders at an average cost of $80. It…
A: Bond is an investment security which is issued by large organization in order to raise funds. Bond…
Q: Required: Gleason Guitars produces acoustic guitars. The table below contains budget and actual…
A: The budgets are prepared to estimate the costs of production to be incurred during the period. The…
Q: Element Corporation reported the following equity section on its current balance sheet. The common…
A: Shares issued before stock split = 151,000 shares Stock split = 2 for 1 Each share will be…
Q: Responds with a face value of $201,000 are issued at par the amount of cash proceeds is______ A)…
A: Note: When market or effective rate of interest is less than the interest rate on bonds then bonds…
Q: V5. Explain 5 reasons that can help you with the theory of descriptive decision-making during your…
A: BENEFITS OF DESCIPTIVE DECISION MAKING Benefits of Making DecisionsBenefits of Making decisions is…
Q: 1/1/2017 12/31/2017 12/31/2018 Ending Difference Balance Fair Value (FV-BV) 100,000 95,000 96,000…
A: A fair value refers to the price that is likely to be received from the disposal of an asset or paid…
Q: Buying shares in a corporation is attractive to investors because: a All of these answers are…
A: Shareholder's are the owner's of the corporation in which the amount of capital is known as…
Q: Horatio and Calleigh are partners in a private investigations firm. Each partner's outside basis in…
A: Introduction:- Partnership is type of business, where two or more people formed together to form a…
Q: Personal financial management topics.( Investment)
A: Personal financial management and investment are important topics because they can help you achieve…
Q: View transaction list Journal entry worksheet
A: The journal entries are prepared to keep the record of day to day transactions of the business on…
Q: Here is the income statement for Skysong, Inc. Net sales Cost of goods sold Gross profit Expenses…
A: Earnings per share on common stock: It is a financial ratio. It is calculated by dividing net…
Q: issues of ethics, regulation and compliance and the extent to which accounting are constraints or…
A: Ethics, regulation and compliance are important constraints and threats to the organisation.…
Q: The information below provides the summary report of estimated data o
A: As per given info we will prepare income statement by taking the sales qty. 21,975 .…
Q: During the current year, Kite Corporation had average total assets are $500,000, total asset…
A: Equity multiplier refers to the indicator of risk which is used for the measurement of the portion…
Q: A decentralized organization will have various responsibility centers including revenue centers,…
A: Revenue centers are the departments or centers which are responsible for the generation of revenue.…
Q: Banele had a taxable estate of $17.8 million when they died this year. Calculate the amount of…
A: It is the amount of tax levied on the property or estate of a deceased person.
Q: Axel's Mexican Restaurant incurred salaries expense of $61,000 for 2024. The payroll expense…
A: Payroll tax is the amount of tax that is imposed on either the employee or the employer. The amount…
Q: CASE 2 Property Value: A Matter of Opinion? You are a loans officer with the Reliable Trust Company…
A: 1. Ans The accounting principle of conservatism is affected. The principle of conservatism states…
Q: Kathleen contributes 3% of her $45,000 of annual earnings into an RRSP. As part of her total…
A: It is the plan that helps the employee to earn certain income after his retirement. This plan…
Q: Pritchett Company reported the following year-end data: Cash $ 15,000 Short-term investments…
A: Introduction:- Ratio analysis used identify the business performance of the company. It is used to…
Q: Schedule of Activity Costs Quality Control Activities Product testing Assessing vendor quality…
A: Value added costs are those which add value to the goods or services whereas non-value added costs…
Q: Schedule M-2
A: Partnership is a form of business where two or more partners are responsible to carry a business…
Q: ackie is a 50% partner in The Lunch Box. She is to receive a guaranteed payment of $30,000. If the…
A: Introduction:- A partnership is an agreement between two or more people sign a partnership agreement…
Q: Explain the role of cost-variable-profit (CVB) in taking the business decisions with appropriate…
A: The cost variable profit (CVP) analyses is done to monitor or measure the changes in variable and…
Q: The income statement and comparative Statement of Financial Positions of MacTavish Ltd. are shown…
A: A Cash flow statement is a financial statement that provides the summarized information regarding…
Q: Payback, Accounting Rate of Return, Net Present valde, Internal Rate of Retum Follow the format…
A: Time value of money :— According to this concept, value of money in present day is greater than the…
Q: Corporate finance is the area of finance dealing with the following EXCEPT_ Sources of Funds and…
A: Corporate Finance refers to the area which deals with the sourcing of funds and raising capital from…
Q: Good Scent, Inc., produces two colognes: Rose and Violet. Of the two, Rose is more popular. Data…
A: The overhead rate is calculated as total estimated overhead cost divided by estimated base activity.…
Q: Accounting for share investments Check Figure 2: Carrying value per share, $19.63 River Outdoor…
A: Stock investment It is a process under which shares are bought in a public company. Those shares are…
Q: Nicholas died on December 27, 2020. His wife, Jessica, has not remarried. On January 31, 2021,…
A: When an employee died and his final payment was pending, the following three options will be…
Q: LO 1 Classification of Cash Flow Transactions P1. CONCEPT Analyze each transaction listed in the…
A: cash flow statement by the company in order to record all the cash transaction that takes place in…
Q: values, advertises and sells residential property on behalf of its customers. The company has been…
A: Cash Budget - An organization's anticipated future cash flow over a specific time period is…
Q: Sam Smith is a citizen and bona fide resident of Great Britain (United Kingdom). During the current…
A: NOTE- IN THIS CASE WE HAVE SAM SMITH IS THE CITIZEN AND RESIDENT OF GREAT BRETAIN U.K. BUT THE…
Q: Based on your understanding of a system theory, accounting theory, and International Financial…
A: Before knowing the reason and the development of IFRS we must have an overview of these terms/…
Q: Choosing Between Two Companies Assets Bank Accounts Receivable Supplies Equipment Land and Building…
A: The financial statement reflects the financial performance and position of the business in the…
Q: What amount can she deduct for eligible medical and dentals expenses
A: Medical expenses are the costs incurred for the treatment or prevention of diseases. It also…
Q: Unique Photography works weddings and prom-type parties. The balance of retained earnings was…
A: Income Statement :— It is one of the financial statement that shows profitability of company during…
Q: Required information [The following information applies to the questions displayed below] Global…
A: Common stock is a security that represents ownership in a corporation.
Q: Leah Berry is entering her senior year as an accounting major and has a number of options for her…
A: Incremental profits refer to the additional income or profits that can be generated by selecting one…
Q: artners A and B have a profit and loss agreement with the following provisions: - Salaries of…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: This year Jim created an irrevocable trust to provide for Ted, his 32-year-old nephew, and Ted's…
A: Taxable gift refers to the money or any item on which nothing should be received in return that is…
Q: d. If the selling price per lamp was reduced by $30, determine: (i) the break even point in dollars.…
A: Break even point (BEP): Breakeven is the point where total expenses are equal to total revenue. at…
Q: actions using perpetual inventory system OBJ. 2 The following selected transactions were completed…
A: Journal entries are made to the books to record the financial transactions of a firm. It is one of…
Q: The net book value of Falcon Inc.'s property, plant, and equipment (PP&E) was $734.550 on January 1,…
A: The gain or loss on sale of fixed asset is calculated as difference between the book value and sale…
Q: Backwoods Mining Co. acquired mineral rights for $24,213,000. The mineral deposit is estimated at…
A: Depletion expense :Depletion expense is the cost that is charged against the profits for the use of…
Q: 17. Horatio and Magdalena are married, file a joint return, and have two children, ages 3 and 6.…
A: for tax year 2022, U.S households must have a combined income of less than $15,000 to get maximum…
Q: 15. The income statement of Osborne Company reported net income of $500,000 for the year ended…
A: Answer:- Retained earnings meaning:- The amount of profit a business keeps after paying all of its…
Q: The Swarup Committee recommends that insurance agents or advisors be disallowed from loading…
A: Insurance - Insurance is a legal agreement, evidenced by a policy, under which a policyholder…
Q: The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal…
A: Current and quick ratio are the measures which help the entity to measure its liquidity position.…
Step by step
Solved in 2 steps
- If the unit sales price is $22 and variable costs are $14, how many units have to be söld to earn a profit of $3,600 if fixed costs equal $17,000? Multiple Choice 450 units 2,125 units 17,450 units 2,575 unitsAssume 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 unitsMeriot, Inc, has fixed costs of $200,000, sales price of $50, and variable cost of $30 per unit. How many units must be sold to earn profit of $80.000? Multiple Choice 2,800 11,200 14,000 202,400 Next> 3 of 20 #
- Assume the following: 1. selling price per unit = $25 2. variable expense per unit = $13 3. the total fixed expenses = $20,000 4. net operating income = $14,200 Given these four assumptions, unit sales must be: Multiple Choice 3,420 units. 1,200 units. 2,342 units. 2,850 units.FRT Company sells each unit for $ 60, variable costs for each unit $ 25, Fixed costs $ 200000 Wants to Earn $ 100000 profit, how many units to sell for earning a target profit?Given selling price is RO 12 per unit, variable cost is RO 8 per unit and fixed cost is RO 5,000. What is break-even point? a. 500 units b. 1,250 units c. 1,000 units d. 625 units
- You’ve Got This (YGT) desires to reach a target profit of $850,000 in the upcoming year. Their cost information is provided below: o Unit selling price $1,250 o Unit variable cost $550 o Total fixed costs $312,000 What is the total number of units they must sell to reach their target profit? 1,660 units 446 units 1,215 units 680 unitsVC per unit when LAV is 100 units = $ 20FC per unit when LAV is 200 units = $ 10Required: Calculate each of the following:1. Total costs of production when LAV is 100 units = $2. Total costs of production when LAV is 200 units = $ 3. Total costs of production when LAV is 50 units $4. Total costs of production when LAV is 400 units = $5. Total costs of production when LAV is Zero units = 56. Unit cost when LAV is 500 units = $7. 8. Unit cost when LAV is 20 units = $9. Unit cost when LAV is 250 units = $10. Unit cost when LAV is 1 unit = $ Unit cost when LAV is Zero units = =Betsy Company sells a single product. They want to make a profit of $50,641 Unit Variable costs $17 Unit selling price is $22 Fixed costs $16,166 How many units do they need to sell to make the desired profit? Round your units UP to the nearest whole number.
- Find out BEP in units and value with the following data:Fixed cost - $50000Variable cost - $40 per unitSelling Price - $80 per unitCalculate:1) What will be the profit when the sales is $1000002) What will be the amount of sales if it desires to earn a profit of $15000Kelly Company has the following data: Sales Price per unit $590 Variable Cost per unit $413 Total Fixed Costs $10,000 If the owner wants a $20,000 target profit, what would be the amount of sales reversr e tr answer to the nearest dollar.) O $42,857 O $66,667 O $100,000 O $28,571Suppose consumers will purchase q units of a product at a price of 100/q+7 dollars per unit. What is the minimum number of units that must be sold in order that sales revenue be greater than $9000?