1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
garik1379 [7]
3 years ago
13

Jones Lumber Co. has annual fixed costs including depreciation of $300,000 and variable costs that are 88.25 percent of sales. W

hat is Jones' break-even level of sales
Business
1 answer:
STALIN [3.7K]3 years ago
7 0

Answer:

$2,553,191

Explanation:

The formula to compute the break even point in dollars amount is presented below:

= (Fixed cost ) ÷ (Profit volume ratio)

where,  

Fixed cost = $300,000

And the profit volume ratio would be

= (Contribution margin) ÷ (Sales) × 100

We assume the sales be 100%

So, the variable cost is

= 88.25%

And, the contribution margin is

= 100 - 88.25

= 11.75%

So, the break even sales would be

= $300,000 ÷  11.75%

= $2,553,191

You might be interested in
On January 1, Greene Inc. issued $5,000,000, 9% bonds for $4,685,000. The market rate of interest for these bonds is 10%. Intere
skad [1K]

Answer:

b.$296,500.

Explanation:

Calculation to determine what Greene should report as unamortized bond discount

First step is to calculate the discount amount

Discount Amount= ($5,000,000 × .09) - ($4,685,000 × .10)

Discount Amount= $18,500

Now let determine the unamortized bond discount

Unamortized bond discount=$315,000 - $18,500 Unamortized bond discount= $296,500

Therefore Greene should report unamortized bond discount of $296,500

5 0
2 years ago
Platen purchased inventory on August 17 and received an invoice with a list price amount of $5,900 and payment terms of 4/10, n/
ch4aika [34]

Answer:

$5,664

Explanation:

Calculation of the amount that Platen should record the purchase.

Using this formula

List price -(Percentage of payment term × list price)

Let plug in the formula

$5,900 -(4%×5,900 )

=$5,900-$236

=$5,664

Therefore Platen should record the purchase on August 17 as a:

Debit to Purchases (periodic system) and a Credit to Accounts Payable for $5,664

Therefore the amount that Platen should record the purchase will be $5,664

7 0
2 years ago
The kitchen manager at an Italian restaurant is deciding what assignments he should give to his
Delicious77 [7]

Answer:

A) David will make pizza because he has comparative advantage in making pizza.

Explanation:

Make Pizzas Serving make pizzas/serving pasta

25                     40 0,63

20                    30 0,67

6 0
3 years ago
Which of the following does NOT hinder development for less-developed countries
boyakko [2]
What are the options?
4 0
2 years ago
Read 2 more answers
Explain how financial statements (Income Statement, Statement of Owner’s Equity, Balance Sheet, and Statement of Cash Flows) are
Svetlanka [38]

A financial statements are helpful to the business owner, employees, and investors because:

  • It helps to financial plan
  • It helps to make decisions
  • It helps to adhere to regulations etc

<h3>What are financial statements?</h3>

This refers to those written records that convey the business activities and the financial performance of a company.

Some examples of financial statements in every standard companies includes Income statement, Cash flow statement, Balance sheet, Note to Financial Statements, Statement of change in equity etc.

In conclusion, majority of firm's financial statement are audited by government agencies, accountants, firms  to ensure accuracy, tax purpose, financing, investing purposes etc.

Read more about financial statements

<em>brainly.com/question/24498019</em>

#SPJ1

3 0
1 year ago
Read 2 more answers
Other questions:
  • Jennifer, lisa, and christina are having an in-depth conversation about a previous relationship that was abusive. each of the wo
    11·1 answer
  • The _____ is a strategic management framework that proposes that critical resources and capabilities frequently are embedded in
    12·1 answer
  • A machine with a cost of $164,000, accumulated depreciation of $102,000, and current year depreciation expense of $25,500 is sol
    10·1 answer
  • Compute the Cost of Goods Manufactured and Cost of Goods Sold for Blue Sea Company for the most recent year using the amounts de
    14·1 answer
  • Edwards Auto Body uses a job order cost system. Overhead is applied to jobs on the basis of direct labor hours. During the curre
    5·1 answer
  • You have just determined that the actual number of workstations that will be used on an assembly line is 6, using assembly line
    10·1 answer
  • Without quality, the firm's products: a. can compete effectively on the basis of low price. b. must be exported to developing co
    11·1 answer
  • Maurice has the following utility function: U (X Y) =20X+80Y-X^2-2Y^2, where X is his consumption of CDs with a price of ​$11 an
    9·1 answer
  • achining and Assembly are operating departments; the other departments are service departments. Factory Administration is alloca
    10·1 answer
  • What do most companies do when they look to provide an offering to global markets?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!