Answer:
c. 600
Explanation:
One pack of diapers requires two pounds of raw material and one hour of direct labor for manufacture. Since Raw material costs $3 per pound and direct production labor is paid $4 per hour.
Therefore the cost of producing one pack of diaper = 2 pounds($3 per pound) + 1 hr($4 per hour) = $6 + $4 = $10
Since Fixed supervisory costs are $2,000 per month and EB rents its factory for $4,000 per month, the total expense for x diapers per month is given as:
Expense = $2000 + $4000 + $10x = $10x + $6000
The revenue generated by selling x diapers per month since one pack is sold at $20 is given as:
Revenue = $20x
At break even, Revenue = Expense
Therefore: $10x + $6000 = $20x
20x - 10x = 6000
10x = 6000
x = 6000/10 = 600
EB would need to sell 600 diapers to break even
To make money you have to spend money
Answer:
November 1, declaration of cash dividends
- Dr Retained Earnings account 7,000
- Cr Dividends Payable account 7,000
December 31, distribution of cash dividends
- Dr Dividends Payable account 7,000
- Cr Cash account 7,000
Explanation:
The cash dividends will decrease the retained earnings account, since retained earnings is an equity account, when it decreases it has to be debited.
Dividends payable account is a liability account created when the company declared the dividends and it is cancelled when the company pays the dividends.
Answer:
X = 789.70
Explanation:
we solve for X considerign each deposit is discounted at the given rate using the lump sum formula:
X = 789.7018868
It is necessary to have these forms because they would help to report income that is gotten by a person that are not through employment.
The 1099 helps to record the amount that is earned by a person who is not employed.
The 1099 helps to calculate either the dividends that a person gets through the fact that they own stocks or the interests that they accrue from keeping their money in the bank.
The W-2 is used by employers to record the income of their employees. The W-2 also tells the employee the amount of taxes that was withheld from their pay.
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