The Price Co. can make widgets for $5 and sell them for $8. If fixed costs are $100,000, then how many widgets must they sell in order to have an EBIT of $50,000? a) 30,000 b) 50,000 c) 100,000 d) 150,000
Q: Assignment 1 Box 14 $150,000 Box 16 $2,593.88 Box 18 $858.22 Box 22 $41,500 Box 24 $51,799 Box 26…
A: To help you with Ms. Smith's T1 Return, we'll need to calculate her income, expenses, and allowable…
Q: Need help with this accounting question
A: Step 1: Define Coupon Interest RateThe coupon interest rate of bonds payable is the rate stated in…
Q: Please use excel formulas when answering questions
A: 1. Annual net cash inflow from the projectNet Cash Inflow = Net Operating Income + DepreciationNet…
Q: Please answer this question
A: Two crucial financial analysis measures that show various facets of a business's success are gross…
Q: Assume, instead of $1,440,000, the latest forecast of total costs at the end of 2023 was $1,968,000.…
A: Step 1: To understand how to measure the extent of completion of a contract, what is meant by the…
Q: Calculate The Market Price with General Accounting method
A: Step 1: Introduction to the P/E Ratio:The price-to-earnings ratio (P/E) is a financial ratio to…
Q: Carla corporation had the following activities in 2017...
A: Step 1: Define Cash Flow StatementThe cash flow statement (CFS) is a company's financial statement…
Q: Please help me with this accounting homework! Please clearly list the solution for me.
A: Goods available for sale:Cost of goods available for sale = $2,721 Sales: Units sold = 93 units +…
Q: Accounting
A: Explanation of Accrued Expenses: Accrued expenses are costs that a business has incurred but has not…
Q: In the videos, we saw how things might work out if The Tax Museum started an Irish subsidiary and…
A: First, we need to calculate the profit in both countries. The profit is the selling price minus the…
Q: Please help to prepare the statement of comprehensive income using the following information in the…
A: Step 1: Net Sales CalculationSales: R1,113,000Less: Sales Returns: R20,000Net Sales = R1,113,000 -…
Q: Need help
A: Step 1: Define Applied Overhead CostOverhead costs are not easily assignable to a cost object. The…
Q: What is the depreciation rate for this accounting question?
A: Step 1: Define Depreciation RateThe depreciation rate is the percentage an organization uses to…
Q: A company has net income of $100,000, depreciation expenses of $20,000, and an increase in accounts…
A: Explanation of Cash Flow:Cash flow refers to the net movement of cash into and out of a business…
Q: Explain
A: Explanation of Interest Payable: Interest Payable is a liability account representing the amount of…
Q: What is the debt to equity ratio for the general accounting question ?
A: Step 1: Define Debt to Equity RatioThe debt to equity ratio is a financial ratio that expresses an…
Q: On January 1, 2024, Presidio Company acquired 100 percent of the outstanding common stock of Mason…
A: Part (a): Prepare Presidio's Journal Entries for AcquisitionLet's start with the journal entries for…
Q: ↓ BBB Finished Goods Inventory BBB tracks its inventory by catalog number (catalog#). Each product…
A:
Q: Need Help Please Provide Solution of this Question now
A: If you have any problem let me know in the comment section thank you.
Q: vsh
A: Requirement 1:Computation of the cost of ending inventory and the cost of goods sold under the FIFO…
Q: solve C
A: Step 1:Requirement C DateAccount Titels and ExplanationDrCr Cash$ 1,028.50 Sales Revenue $ 1,028.50…
Q: Net income was $71,500; Income tax expense was $47,500; Dividends declared and paid totaled…
A: Step 1 : Definition of Operating IncomeOperating Income is the profit a company generates from its…
Q: What is the contribution margin per unit?
A: Hello student! Contribution Margin is the amount of sales/revenue left after we deduct the variable…
Q: Need help with this accounting question
A: 1. First, let's determine the total taxable income: * Operations income: $65,000 * Interest…
Q: Financial Accounting
A: Step 1: Define Property, Plant and EquipmentProperty, Plant, and Equipment are tangible, non-current…
Q: Provide answer this accounting question
A: Step 1:- Introduction to Operating LeverageOperating leverage shows the operating efficiency of the…
Q: If you give me wrong answer I will give you unhelpful rate for this accounting question.
A: Given Information (needed)Sales Revenue: $1,495,000Selling Price per Unit: $130Finished Goods…
Q: Inferno Inc. is embroiled in a lawsuit. In 2022, they recognize that a loss of $65,000 is probable.…
A: A Deferred Tax Asset is an asset on a company's balance sheet that may be used to reduce its taxable…
Q: Right Answer
A: Explanation of Temporary Accounts:Temporary accounts, also known as nominal accounts, are used to…
Q: Briefly explain the method(s) used to depreciate each major class of PPE by the company? State the…
A: Step 1: Step 2: Step 3: Step 4:
Q: Explain Answer
A: Explanation of Analytical Procedures:Analytical procedures involve the evaluation of financial data…
Q: Need Help on General Accounting Question No comment needed
A: Step 1: Recall the basic accounting equationAssets = Liabilities + Stockholders' EquityTherefore,…
Q: Given the following, what is the firm's (a) operating cycle, and (b) cash conversion cycle?
A: Step 1: Define Operating CycleAn operating cycle measures the time period for which the inventory is…
Q: Provide correct answer for this accounting question
A: Step 1:- Define Operating incomeThe operating income is amount earned by the organizations from its…
Q: General Accounting Question
A: Step 1:- Introduction to the Cash conversion cycleThe cash conversion cycle is generally calculated…
Q: Big owns 80% of Little. Assume that at acquisition there was no differential. On 1/1/22 Little…
A: 2024BigLittleDrCrConsolidated Sales290,000245,000 535,000 Interest expense 9,700 9,7000 Interest…
Q: Provide solution for this general accounting question
A: Step 1: Define Predetermined Overhead RateThe standard costing allows the organization to budget its…
Q: Please Provide help with this Question provide 1 to 4 Required answer
A: o solve these questions, let's go through each calculation in detail using the provided data:1. Net…
Q: Net Profit
A: The net profit margin shows how much profit a company keeps from each dollar of revenue. It's…
Q: Pharoah Construction Company enters into a contract with a customer to build a warehouse for…
A: To calculate the transaction price using the probability-weighted method, we need to determine the…
Q: What is the primary purpose of a Statement of Cash Flows? a) To report on a company's financial…
A: Explanation of Statement of Cash Flows: The Statement of Cash Flows is a financial report that shows…
Q: Solve general accounting question
A: Step 1:- Introduction to the Prepaid ExpensesIn financial accounting, prepaid expenses represent…
Q: Need help with this accounting question not use chatgpt and ai
A: Step 1:- Introduction to the Cash BudgetA cash budget is used to track and manage cash inflows and…
Q: Business 123 Introduction to Investments May I please have the explanation for the following…
A: Investment strategies are the foundation of portfolio management in the financial industry,…
Q: COGS?
A: Step 1: FIFO is First-in and First-out which means that the goods that are purchased first are sold…
Q: Please do fast don't use ai to answer
A: A) Sales Tax Collected and Paid : The sales tax will be calculated on both book sales and sales of…
Q: help please, I am not getting the correct answers NewTech purchases computer equipment for $261,000…
A: Step 1:Double declining balance method is also known as reducing method. In this method depreciation…
Q: Provide solution for this accounting question
A: Step 1:- Define Price-Earnings (P/E) RatioThe price-earnings ratio approach is used to ascertain the…
Q: Question: 09
A: Explanation of Direct Materials:Direct materials refer to the raw materials that are directly used…
Q: Accounting Question please solve
A: Step 1: Formula Price-earnings ratio = Market value per share/Earnings per share Step 2:…
General Accounting solve please


Step by step
Solved in 2 steps

- The Price Co. can make widgets for $5 and sell them for $8. If fixed costs are $100,000, then how many widgets must they sell in order to have an EBIT of $50,000? QuestionThe Price Co. can make widgets for $5 and sell them for $8. If fixed costs are $100,000, then how many widgets must they sell in order to have an EBIT of $50,000?How many sell?
- Help me please, thank youuu, this is for financial math 2!!-50 -100 100 Chart Title 50 50 0 25 50 100 125 150 175 ⚫Own Assest Own Put Protective PutTo get the answer Step 1 plug everything using n=30 and you will have 0 for fv. Solve for pv Step 2 n= 2 and wte u got for pv in stdp 1 will go into fv. Pmt will be 0. Solve for pv
- don't use excel also can you show me maths solving with equation by hand please....Don't used Ai solution1. Your new company is planning to make and sell customized mailboxes. You have set startup costs of $2046. Each mailbox costs you $34 to make. If you plan to sell your mailboxes for $49.50, how many must you make and sell to break even? Explain the how you determined the answer. 2. If the retail price is fixed at $1.00, what effect does increasing the retail and wholesale margins have on the manufacturer's selling price? Explain why this is the case. 3. Define unit contribution in your own words. Is a high or low unit contribution preferable for profitability? 4. How do increases in the retail and wholesale margins (again, with a fixed retail price) affect the unit contribution? Why? 5. If you increase any of the fixed cost factors, what happens to the number of units the company needs to sell to break even? To the market share necessary to achieve breakeven?. 6. What change (increase or decrease) to the following factors increases the profit impact? Decreasing retail margin/unit…