Compute the anticipated break-even sales (units).

Question

Accounting Cycle Review 15 a-e Carla Vista Corporation's trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below. Debit Credit Cash Accounts Receivable Inventory $27,400 59,000 22,600 Land 62,900 Buildings 96,900 Equipment 42,000 Allowance for Doubtful Accounts $430 Accumulated Depreciation-Buildings 30,500 Accumulated Depreciation-Equipment 15,000 Accounts Payable 19,300 Interest Payable -0- Dividends Payable Unearned Rent Revenue -0- 8,800 Bonds Payable (10%) 54,000 Common Stock ($10 par) 34,000 Paid-in Capital in Excess of Par-Common Stock 6,800 Preferred Stock ($20 par) -0- Paid-in Capital in Excess of Par-Preferred -0- Stock Retained Earnings 72,970 Treasury Stock -0- Cash Dividends Sales Revenue Rent Revenue Bad Debt Expense Interest Expense Cost of Goods Sold Depreciation Expense Other Operating Expenses Salaries and Wages Expense -0- 576,000 -0- -0- -0- 404,000 -0- 39,900 63,100 Total Unrecorded…

Answer 1

Question

Chapter 20, Problem 3PB

1.

To determine

Compute the anticipated break-even sales (units).

2.

To determine

Compute the amount of sales (units) if the company desires a target profit of $300,000.

3.

To determine

Construct a cost-volume-profit chart assuming the sales of 40,000 units within the relevant range.

4.

To determine

Compute the probable income (loss) from operations if sales total 32,000 units.

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Accounting Cycle Review 15 a-e Carla Vista Corporation's trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below. Debit Credit Cash Accounts Receivable Inventory $27,400 59,000 22,600 Land 62,900 Buildings 96,900 Equipment 42,000 Allowance for Doubtful Accounts $430 Accumulated Depreciation-Buildings 30,500 Accumulated Depreciation-Equipment 15,000 Accounts Payable 19,300 Interest Payable -0- Dividends Payable Unearned Rent Revenue -0- 8,800 Bonds Payable (10%) 54,000 Common Stock ($10 par) 34,000 Paid-in Capital in Excess of Par-Common Stock 6,800 Preferred Stock ($20 par) -0- Paid-in Capital in Excess of Par-Preferred -0- Stock Retained Earnings 72,970 Treasury Stock -0- Cash Dividends Sales Revenue Rent Revenue Bad Debt Expense Interest Expense Cost of Goods Sold Depreciation Expense Other Operating Expenses Salaries and Wages Expense -0- 576,000 -0- -0- -0- 404,000 -0- 39,900 63,100 Total Unrecorded…

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Answer 2

Question

Chapter 20, Problem 3PB

1.

To determine

Compute the anticipated break-even sales (units).

2.

To determine

Compute the amount of sales (units) if the company desires a target profit of $300,000.

3.

To determine

Construct a cost-volume-profit chart assuming the sales of 40,000 units within the relevant range.

4.

To determine

Compute the probable income (loss) from operations if sales total 32,000 units.

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Answer 3

Question

Chapter 20, Problem 3PB

1.

To determine

Compute the anticipated break-even sales (units).

2.

To determine

Compute the amount of sales (units) if the company desires a target profit of $300,000.

3.

To determine

Construct a cost-volume-profit chart assuming the sales of 40,000 units within the relevant range.

4.

To determine

Compute the probable income (loss) from operations if sales total 32,000 units.

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Answer 4

Question

Chapter 20, Problem 3PB

1.

To determine

Compute the anticipated break-even sales (units).

2.

To determine

Compute the amount of sales (units) if the company desires a target profit of $300,000.

3.

To determine

Construct a cost-volume-profit chart assuming the sales of 40,000 units within the relevant range.

4.

To determine

Compute the probable income (loss) from operations if sales total 32,000 units.

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Answer 5

Chapter 20, Problem 3PB

1.

To determine

Compute the anticipated break-even sales (units).

2.

To determine

Compute the amount of sales (units) if the company desires a target profit of $300,000.

3.

To determine

Construct a cost-volume-profit chart assuming the sales of 40,000 units within the relevant range.

4.

To determine

Compute the probable income (loss) from operations if sales total 32,000 units.

Answer 6

Chapter 20, Problem 3PB

1.

To determine

Compute the anticipated break-even sales (units).

Answer 7

Chapter 20, Problem 3PB

1.

To determine

Compute the anticipated break-even sales (units).

Answer 8

2.

To determine

Compute the amount of sales (units) if the company desires a target profit of $300,000.

Answer 9

2.

To determine

Compute the amount of sales (units) if the company desires a target profit of $300,000.

Answer 10

3.

To determine

Construct a cost-volume-profit chart assuming the sales of 40,000 units within the relevant range.

Answer 11

3.

To determine

Construct a cost-volume-profit chart assuming the sales of 40,000 units within the relevant range.

Answer 12

4.

To determine

Compute the probable income (loss) from operations if sales total 32,000 units.

Answer 13

4.

To determine

Compute the probable income (loss) from operations if sales total 32,000 units.

Answer 14

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Compute the anticipated break-even sales (units).

Solution Summary: The author explains the formula to calculate the anticipated break-even sales (units) and the contribution margin per unit.

Compute the anticipated break-even sales (units).

Compute the amount of sales (units) if the company desires a target profit of $300,000.

Construct a cost-volume-profit chart assuming the sales of 40,000 units within the relevant range.

Compute the probable income (loss) from operations if sales total 32,000 units.

Chapter 20 Solutions