Answer:
The correct answer to the following question is $437,500.
Explanation:
In their books Higgins Repair service should record the value of the land as $437,500, no matter offer the made and they offer receive for selling the land. They made a deal with seller on April 15 , to buy the land for $437,500 and as per the cost concept or principle in accounting , an asset should be recorded in the books of account at the amount paid for acquiring it and this amount would not change in situations of inflation or change in market value.
Answer:
(a)
Mathematical Equation for break-even
F = QP - QV
Where
F = fixed cost
Q = Break-even quantity
P = Selling price
V = Variable cost
F = Q ( P - V )
Q = F / ( P - V )
Q = $319,800 / ( $650 - $450 )
Q = $319,800 / $200
Q = 1,599 units
(b)
Contribution Margin = Price per unit - Variable cost per unit
Contribution Margin = $650 - $450 = $200
Break-even Point in Units = Fixed Cost / Contribution margin per unit
Break-even Point in Units = $319,800 / $200 = 1,599 units
Explanation:
Mathematical equation use the the break-even equation which represent the behavior of each element towards the break-even point.
Contribution per unit method use the contribution of each unit to calculate the break-even point.
Answer:
b) it is impracticable to determine some period-specific effects.
c) it is impracticable to determine the cumulative effect of prior years.
Explanation:
According to the actual normativity these are the two options more consistent with the exercise.
Answer:
Universal Containers wants to be able to assign Cases based on the same criteria they use for Live Agent chats.Which feature should a Consultant recommend?
Omni-channel Skills-based routing
Explanation: