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Here are my workings:
The answer would be= 1250/11 OR 113.6363636
I hope it helped you!
Answer:
Patent-investing activity
depreciation expense-operating activity
issuance of note payable-financing activity
Increase in inventory-operating activity
Explanation:
The purchase of patent as intangible asset is reported as an investing activity item as an outflow of cash from the business.
Depreciation expense is meant to added to net income in arriving at the net cash flows from operating activities
Issuance of a note payable is a financing item under the financing activities' segment of the cash flow as an inflow.
Increase in inventory is increase in net working capital which is deducted as an operating activity item .
Answer:
To break even the company must sell
Explanation:
The position at which the company is at no profit and loss position then it is said that the company is at breakeven position.
Break-even position can be found from the following position:
Breakeven position = Fixed cost / contribution per unit
The fixed cost here is initial investment which is $9900 and the contribution can be found by taking the difference between selling price per unit and variable cost per unit. The contribution per unit is $0.55 per unit ($1.2 - $0.65). By putting values in the above equation we have:
Breakeven position = $9900 / $0.55 per unit = 18000 Units
So 18000 units are required to sell to reach at a no profit no loss position.
