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Montano1993 [528]

3 years ago

9

Gabriel Corporation has fixed costs of $180,000 and variable costs of $8.50 per unit. It has a target income of $268,000. How ma

ny units must it sell at $12 per unit to achieve its target net income?

1 answer:

baherus [9]3 years ago

5 0

Answer:

uh... 180 divide by 8.5... multiply to 12

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Gomez runs a small pottery firm. He hires one helper at $13,000 per year, pays annual rent of $5,500 for his shop, and spends $2

alisha [4.7K]

Answer:

(a) $35,000

(b) $8,000

Explanation:

(a) Accounting profit:

= Total revenue - Explicit cost

= $75,000 - (wages + Annual rent + Material cost)

= $75,000 - ($13,000 + $5,500 + $21,500)

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(b) Economic Profit:

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= $75,000 - (wages + Annual rent + Material cost) - (Income from investment + Earnings as a potter + Worth of entrepreneurial talents)

= $75,000 - ($13,000 + $5,500 + $21,500) - ($5,500 + $19,000 + $2,500)

= $75,000 - $40,000 - $27,000

= $8,000

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4 years ago

Sophie, the cfo of slolum ski supplies, received a watch from one of her company's largest vendors, colorado ski shoppe. she rec

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The AICPA Code of Professional Conduct is a collection of arranged articulations issued by the American Institute of Certified Public Accountants that blueprint a CPA's moral and expert responsibilities. The code builds up benchmarks for evaluator autonomy, respectability and objectivity, duties to customers and partners and acts discreditable to the bookkeeping calling. The AICPA is in charge of drafting, overhauling and reissuing the code every year, on June 1.

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3 years ago

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Answer:

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Explanation:

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3 years ago

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Before year-end adjusting entries, Dunn Company's account balances at December 31, 2020, for accounts receivable and the related

navik [9.2K]

Answer:

Option (B) is correct.

Explanation:

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3 years ago