Answer:
Number of units that must be sold to earn the target profit is 3000 units.
The contribution margin ratio is 0.70
Explanation:
We will use the break even analysis modified for target profit to calculate the number of units needed to earn the desired
The break even point in units is calculated by dividing the fixed cost by the contribution margin per unit. To calculate the number of units required to earn the desired profit, we add the desired profit to fixed cost and divide it by the contribution margin per unit.
Contribution margin per unit = 250 - 75 = $175
Number of units required to earn target profit = (325000 + 200000) / 175
Number of units required to earn target profit = 3000 units
The contribution margin ratio is = 175 / 250 = 0.7 or 70%
Dollar Sales required to earn target profit = $4,812,500
Answer:
The first gap is for Debit
The second gap is for credit
Explanation:
In accounting, Debit side(Dr) is always on the left side and credit side(Cr) is always on the right side.
The table is usually like 'T'
Debit side increases asset and expenses while credit decreases assets and expenses.
Also, Debit side decreases liability, equity and revenue while credit increases liability, equity and revenue
To prepare the journal entry to record the issuance of the shares. Costs being reduce by the stock issue is the amount that is otherwise recorded as PIC in excess of par. Therefore
Cash 424
Common stock (15 million x $1) 15
PIC in excess of par(Plug) 409
(to record the sale of the stock)
PIC in excess of par 2
(to record the stock issue costs)
Note: These two entries can also be combined as one.
Answer: Know the prices of all goods they might buy.
Explanation: Assets not acquired become property precisely because their use by one person means that others cannot use them. When a good has no owner (for example, in a state of nature), the question of acquiring it and making it the property of one is a matter, as with all actions, of choosing a course of action over another. However, given a system of property rights that determines how goods can be acquired fairly, interactions with others do not necessarily arise.
Answer:
Depending on the nature of your claim, you may receive a check directly, or the insurance company may pay vendors on your behalf. The total amount you receive will be based on the amount of coverage in your policy and the specific details of your claim. ... Your insurance company will reimburse you for those costs.