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3 years ago

In recording business transactions, evidence that an accounting transaction has taken place is obtained from

1 answer:

6 0

In recording business transactions, evidence that an accounting transaction has taken place is obtained from source documents. A source document is the first and origional way that transactions are entered for an accounting system. Everything in the source documents then gets transferred into a companies accounting system and stored for later use. The first and original documents are the source documents because they are the source of where the first transactions were recorded.

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Martha Manufacturing produces a single product that sells for $80. Variable costs per unit equal $32. The company expects total

garri49 [273]

Each unit sells: $80
Each unit costs to make: $32
Fixed costs: 72,000
Goal: 2,000 units sold

If they meet their goal, let's see how that would go:

(2,000 * 80) - (2,000 * 32) - 72,000 = ?
160,000 - 64,000 - 72,000 = 24,000

24,000 is the profit they would make for hitting their goal.

Question 1:
What is the break-even point? The break-even means they make no money, but they also lose no money. So that final number (24,000) would be 0 instead. How many units would they have to make to hit zero?
(x * 80) - (x * 32) - 72,000 = 0.
80x - 32x = 72,000
48x = 72,000
x = 1500 units

We can verify by using our first formula we've already determined, using this new value for units.
(1,500* 80) - (1,500 * 32) - 72,000 = ?
120,000 - 48,000 - 72,000 = 0? True!

Question 2: If they increase their expenses by 16,000, what is their new break even point?

(x * 80) - (x * 32) - 72,000 - 16000 = 0.
80x - 32x - 88000 = 0
48x = 88000
x = 1833

Question 3: 10% reduction in selling price and 10% increase in sales. (Assuming based off the original formula the problem provided.)

Original: (2,000 * 80) - (2,000 * 32) - 72,000 = ?

10% Reduction in price: 8
80-8 = 72

10% increase in sales: 200
2000 + 200 = 2200

Plugin to our formula:
(2200 * 72) - (2200 * 32) - 72,000 = ?
158400 - 70400 - 72,000 = 16,000

Since this number is positive, this is income. (D)

7 0

3 years ago

The purpose of a program is to provide listeners with

Vika [28.1K]

<span>The correct answer is letter D. an overview of the dramatic structure of the work. The purpose of a program is to provide listeners with an overview of the dramatic structure of the work.</span>

8 0

3 years ago

Santa Klaus Toys just paid a dividend of $3.00 per share. The required return is 11.7 percent and the perpetual dividend growth

givi [52]

Answer:

P5=48.3860

Explanation:

Santa Klaus Toys

The Price of the stock 5 years from today will be :

P5=D6/(r-g)=

D0*(1+g)^6/(r-g)

Where

D0 =3

g =3.9%

r=11.7%

Hence:

P5=3*(1+3.9%)^6/(11.7%-3.9%)

P5=3*(1+0.039)^6/(0.117-0.039)

P5=3*(1.039)^6/(0.078)

P5=3.77410/0.078

P5=48.3860

6 0

3 years ago

On March 10, 2015, Dearden, Inc., purchased 15,000 shares of Jaffa stock for $ 35 per share. Management recorded it in the avail

sergey [27]

The journal entries that are required by the facts presented in the given case are:

1) On March 10,2015: Investment A/c Debited with $525000 and Bank A/c Credited with $525000,

2) On September 12,2018:Bank A/c Debited with $450000 and Investment A/c credited with $450000,

3) On March 31,2019:P&L A/c Debited with $75000 and Investment A/c credited with $75000.

Given that on March 10, 2015, Dearden, Inc. purchased 15,000 shares of Jaffa stock for $ 35 per share and Dearden sold all of the Jaffa stock on September 12,2018 , at a price of $ 30 per share.

We are required to pass the journal entries for the given transactions.

Journal is a book in which the transactions are recording for the first time in the company's books of accounts.

The journal entries are as under:

1) On March 10,2015: Investment A/c Debited with $525000 and Bank A/c Credited with $525000,

2) On September 12,2018:Bank A/c Debited with $450000 and Investment A/c credited with $450000,

3) On March 31,2019:P&L A/c Debited with $75000 and Investment A/c credited with $75000.

Hence the journal entries in the books of accounts in Dearden Inc. are: 1) On March 10,2015: Investment A/c Debited with $525000 and Bank A/c Credited with $525000,

2) On September 12,2018:Bank A/c Debited with $450000 and Investment A/c credited with $450000,

3) On March 31,2019:P&L A/c Debited with $75000 and Investment A/c credited with $75000.

Learn more about journal at brainly.com/question/14279491

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3 0

1 year ago

Please answer i m confused

valentinak56 [21]

False heebejeebiesweebies

4 0

3 years ago

Read 2 more answers