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?
- the answer to this question is Q8.14= The after-tax present worth of the chip placer is −$1683. we just need to find how we get that answer for this question, please help NO EXCELHow in the world do I solve this one with my HP 10bll calculator? Do I use IRR/YR? What do I use? I feel like I am missing informationTo 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
- (a) What is the approximate number of years you would have to sell a mobile phone app to break even if income is estimated to be $50,000 per year, expense is $15,000 per year, your initial investment is $280,000, and your MARR is 10% per year? (b) Find the exact payback period using a spreadsheet function.don't use excel also can you show me maths solving with equation by hand please....A. Solve the following problems (round off 2 decimal places): 1. A 32" LCD Television with a cost of P24,900 has a markup rate of 25%. Find the selling price. 2. A manufacturer sells his notebooks for P41.75 and his cost in producing each notebook is P35.25. What is the markup? 3. A certain product sold for P29,900 has a 14% markup on cost. How much is the cost of the product? 4. The manager of a clothing store buys a jacket for $850 and sells the jacket for $1.207. Find the markup rate based on cost and based on selling price. 5. If the percentage of cost markup is 25.4%, what would the percentage of selling price markup be?