Answer:
15,000 units
Explanation:
The computation of the break even point in units after considering the desired profit is shown below:
= (Fixed cost + desired operating income) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $250 - $130
= $120
And the other values of items will remain the same now placing these values in the formula above.
So the units would be
= ($1,500,000 + $300,000) ÷ ($120)
= ($1,800,000) ÷ ($120)
= 15,000 units
Answer: B
Explanation:Sellers of the goods will increase the quantity of the goods supplied in the market.
the shift rightwards is to show that there is a increase in the quantity demanded so the seller will definitely increase the quantity goods supplied.
Answer and Explanation:
The Preparation of company's cash budget is shown below:-
Beginning cash balance $21,000
Add: Cash receipt $100,000
Total cash available $121,000
Less: Cash disbursement $99,000
Excess of cash available
over disbursement $22,000
Add: Borrowings $33,000
Cash balance, ending $55,000
Answer:
<u>December 31, 2018</u>
Debit : Dividend $40,000
Credit : Shareholders for dividends $40,000
Explanation:
When dividends are declared, we Debit an Equity Element - Dividend and Credit the Liability - Shareholders for dividends.
Calculation of this dividend is made on the stockholders in existence at the on a stated date (January 15 in this case) and at par value ($2) as follows :
Dividend = 100,000 x $2.00 x $0.20 = $40,000
Answer:
To make a balance sheet in Excel from T-accounts data follow the below steps.
Explanation:
To make a balance sheet in Excel from T-accounts data follow the below steps.
Add current assets by giving link to the T-accounts data for example click on the cell where Current assets amount is to be added as "Cash" write = in the cell and click on the amount of cash balance available at the T-accounts.
Apply same to all accounts.
Current assets will include cash and supplies, Current liabilities will include notes payable and accounts payable and non-current assets will include land and equipment and common stocks will be added in equity.
Total current assets total will be calculated by writing "=SUM" then select the cells that needs to added together and press enter.
Apply same to all head accounts.
