Compute the break-even point in units.

Question

Kant Inc. has a net income of $320,000, a profit margin of 8.5%, and an accounts receivable balance of $195,000. Assuming 80% of sales are on credit, what are the company's days' sales in receivables? (Round your answer to whole number if needed) A. 20 days B. 22 days C. 28 days D. 24 days

Answer 1

Question

Chapter 16, Problem 11E

1.

To determine

Compute the break-even point in units.

2.

To determine

Compute the break-even point in units to achieve a profit of $95,900 and draw up the variable costing income statement.

3.

To determine

Compute the variable cost for the break-even units of 12,000.

4.

To determine

Compute the current contribution margin, operating leverage, percentage change in operating income if the sales increase and the new operating income for the next year

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Kant Inc. has a net income of $320,000, a profit margin of 8.5%, and an accounts receivable balance of $195,000. Assuming 80% of sales are on credit, what are the company's days' sales in receivables? (Round your answer to whole number if needed) A. 20 days B. 22 days C. 28 days D. 24 days

Can you solve this general accounting problem with appropriate steps and explanations?

Hello tutor please provide correct answer general accounting question with correct solution do fast

Answer 2

Question

Chapter 16, Problem 11E

1.

To determine

Compute the break-even point in units.

2.

To determine

Compute the break-even point in units to achieve a profit of $95,900 and draw up the variable costing income statement.

3.

To determine

Compute the variable cost for the break-even units of 12,000.

4.

To determine

Compute the current contribution margin, operating leverage, percentage change in operating income if the sales increase and the new operating income for the next year

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Answer 3

Question

Chapter 16, Problem 11E

1.

To determine

Compute the break-even point in units.

2.

To determine

Compute the break-even point in units to achieve a profit of $95,900 and draw up the variable costing income statement.

3.

To determine

Compute the variable cost for the break-even units of 12,000.

4.

To determine

Compute the current contribution margin, operating leverage, percentage change in operating income if the sales increase and the new operating income for the next year

Expert Solution & Answer

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Answer 4

Question

Chapter 16, Problem 11E

1.

To determine

Compute the break-even point in units.

2.

To determine

Compute the break-even point in units to achieve a profit of $95,900 and draw up the variable costing income statement.

3.

To determine

Compute the variable cost for the break-even units of 12,000.

4.

To determine

Compute the current contribution margin, operating leverage, percentage change in operating income if the sales increase and the new operating income for the next year

Expert Solution & Answer

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Answer 5

Chapter 16, Problem 11E

1.

To determine

Compute the break-even point in units.

2.

To determine

Compute the break-even point in units to achieve a profit of $95,900 and draw up the variable costing income statement.

3.

To determine

Compute the variable cost for the break-even units of 12,000.

4.

To determine

Compute the current contribution margin, operating leverage, percentage change in operating income if the sales increase and the new operating income for the next year

Answer 6

Chapter 16, Problem 11E

1.

To determine

Compute the break-even point in units.

Answer 7

Chapter 16, Problem 11E

1.

To determine

Compute the break-even point in units.

Answer 8

2.

To determine

Compute the break-even point in units to achieve a profit of $95,900 and draw up the variable costing income statement.

Answer 9

2.

To determine

Compute the break-even point in units to achieve a profit of $95,900 and draw up the variable costing income statement.

Answer 10

3.

To determine

Compute the variable cost for the break-even units of 12,000.

Answer 11

3.

To determine

Compute the variable cost for the break-even units of 12,000.

Answer 12

4.

To determine

Compute the current contribution margin, operating leverage, percentage change in operating income if the sales increase and the new operating income for the next year

Answer 13

4.

To determine

Compute the current contribution margin, operating leverage, percentage change in operating income if the sales increase and the new operating income for the next year

Answer 14

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Answer 15

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Answer 16

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Answer 25

Ch. 16 - Prob. 1DQ Ch. 16 - Describe the difference between the units-sold...Ch. 16 - Define the term break-even point.Ch. 16 - Explain why contribution margin per unit becomes...Ch. 16 - A restaurant owner who had yet to earn a monthly...Ch. 16 - What is the variable cost ratio? The contribution...Ch. 16 - Prob. 7DQ Ch. 16 - Suppose a firm with a contribution margin ratio of...Ch. 16 - Prob. 9DQ Ch. 16 - Explain how CVP analysis developed for single...

Compute the break-even point in units.

Compute the break-even point in units.

Compute the break-even point in units to achieve a profit of $95,900 and draw up the variable costing income statement.

Compute the variable cost for the break-even units of 12,000.

Compute the current contribution margin, operating leverage, percentage change in operating income if the sales increase and the new operating income for the next year

Chapter 16 Solutions