Chapter 1, Problem 7DQ

Please give me answer with accounting question

Answer ?? Financial accounting question

Please provide the answer to this general accounting question using the right approach.

Please give me answer with general accounting

Can you please solve this questions? (Financial accounting )

Falcon Tech Co. manufactures and sells portable chargers. The company has annual fixed costs of $12,000,000. Each charger sells for $20 and incurs $11 in variable manufacturing costs. If the company’s total sales revenue last year was $45,000,000, how many chargers must Falcon Tech sell to achieve EBIT = 0?

General accounting question

Need answer

Nova Supplies Inc. offers credit terms of 3/15, net 50 to its customers. What is the nominal cost of trade credit if a customer forgoes the discount and pays on the 50th day? (Assume 365 days in a year.)