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garik1379 [7]
3 years ago
12

Menlo Company distributes a single product. The company’s sales and expenses for last month follow: sales 616,000 net operating

income 31,200 g.What is the monthly break-even point in unit sales and in dollar sales?
Business
1 answer:
DerKrebs [107]3 years ago
6 0

Answer:

Explanation:

Giving the following information:

The company’s sales and expenses for last month follow: sales 616,000 net operating income 31,200

Break-even point= fixed costs/ contribution margin

Break-even point (dollars)= fixed costs/ contribution margin ratio

Contribution margin= selling price - unitary variable cost

Contribution margin ratio= contribution margin/ selling price

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Journalize the following five transactions for Nexium & Associates, Inc. Omit explanations.March 1 - Bills are sent to clien
emmasim [6.3K]

Answer: Please find answers in explanation column

Explanation:

Journal entry for Nexium & Associates

1.Journal to  record Services provided in February.

Date              Account                      Debit                           Credit

March 1      Accounts receivable       $800

               Service revenue                                                    $800

 2.Journal to record purchase of furniture and supplies on account.

March 9      Office furniture         $1,060

               Office supplies             $160

          Accounts payable                                                          $1,220

3.Journal  To record payment made to suppliers, Corner Office Inc.

March 15      Accounts payable          $1,220

                          Cash                                                                  $1,220

4.Journal To record the bill of electricity for  march which is not yet due to be paid till April.

March 23       Electricity expense        $430

           Outstanding Liabilities                                                     $430

5.Journal To record the salary payment to employees.

March 31       Salaries expense                 $850

              Cash                                                                              $850

3 0
3 years ago
What do individual shareholders gain when they buy shares of a company’s stock?
olchik [2.2K]
It will definitely be A
6 0
3 years ago
Endor Company begins the year with $110,000 of goods in inventory. At year-end, the amount in inventory has increased to $118,00
Arada [10]

Answer:

11.40

32 days

Explanation:

Inventory turnover and days of sales of inventory are examples of activity ratios.

They are used to measure the efficiency of performing daily tasks

inventory turnover =  Cost of goods sold/ average inventory

Average inventory = ($118,000 + $110,000) / 2 = $114,000

Inventory turnover =  $1,300,000 / $114,000 = 11.40

days of sales of inventory = 365 / inventory turnover = 365 / 11.40 = 32 days

5 0
3 years ago
Your mayor just announced that the local unemployment rate dropped from 10.5% to 10.4% from the prior month. Evaluate the unempl
nikitadnepr [17]

Answer:

Not enough information

Explanation:

from this question, this mayor has only given us the estimated proportion of the rate of unemployment  for these months. In order to know if it is significant or not, we have to carry out other tests such as the hypothesis testing for the population proportion. But here we do not have any sample data or population data with which we can use to test this significance. The sample size is unknown so we cannot proceed to test if the claim is significant or not.

6 0
3 years ago
An individual in the US wants to buy office equipment from England which costs 2,000 pounds. If the exchange rate is 1pound=$1.9
guajiro [1.7K]

<u>Given:</u>

Cost of the office equipment in pounds = 2000

Value of 1 pound in dollars as per exchange rate = 1.9

<u>To find:</u>

The cost of the office equipment in dollars

<u>Solution:</u>

If 1 pound is 1.9 dollars, then 2000 pounds will be as follows,

\Rightarrow\text{1 pound}\rightarrow\text{1.9 dollars}\\\\ \Rightarrow\text{2000 pounds}\rightarrow1.9\times2000 \text{ dollars}=3800 \text{ dollars}\\\\ \therefore \text{The value will be 3800 dollars}

So, the correct option is Option c, that is $3800.

8 0
3 years ago
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