Based on the number of units and the selling price, the net profit would be $500.
To find the net profit, you need to find the selling price.
<h3>Selling price of goods</h3>
= Amount earned in sales / Number of units sold
= 100,000 / 200
= $500 per unit
<h3>Net Profit </h3>
The net profit can be found as:
= Selling price per unit x (Sales volume - Breakeven quantity)
= 500 x (201 - 200)
= $500
In conclusion, the profit would be $500.
Find out more on breakeven point at brainly.com/question/21137380.
Answer:
B. value of total production linked to prices of a single year.
Explanation:
The definition of Real GDP is given as; the total measure of a country's total economic output, adjusted for price changes. It makes the comparing of GDP from year A to year B and also from different years more meaningful because it shows comparisons for both the quantity and value of goods and services.
Therefore the correct option to the question above is option B.
Answer:
$12,600
Explanation:
Excess tax depreciation 20X1 = 100,000 - 40,000
Excess tax depreciation 20X1 = $60,000
Tax rate = 21%
Ending balance of deferred taxes payable = Excess tax depreciation 20X1 * Tax rate
Ending balance of deferred taxes payable = $60,000*21%
Ending balance of deferred taxes payable = $12,600
So, the ending balance of deferred taxes payable as of December 31, 20X1 is $12,600.
Answer:
The beginning balance in accounts receivable was: $47,500
Explanation:
Sales reported on the income statement were $385,500, Accounts receivable increased of $385,500 during the period.
Sales, adjusted to a cash basis using the direct method on the statement of cash flows, were $359,000. The company collected $359,000 from the sales. Accounts receivable decreased of $359,000 during the period.
The beginning balance in accounts receivable = The ending balance of accounts receivable + Accounts receivable decreased during the period - Accounts receivable increased during the period = $74,000 + $359,000 - $385,500 = $47,500
Answer:
Electronic Superstore
Partial balance sheet as at December 31, 2021
<em>Current Liabilities</em>
Current portion of long term debt 7,000,000
<em>Long term liabilities </em>
Notes payable <u>14,000,000</u>
Total Liabilities <u>21,000,000</u>