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gregori [183]
3 years ago
11

Which of the following statements best describes the function of the break-even point?a) It signifies the point at which the dem

and for a product is less than the total supply available.b) It signifies the point at which the demand for a product is less than the total supply available.c) It signifies the additional cost of manufacturing and marketing one additional unit of a product.d) It signifies the quantity at which the cost of a product equals the revenue generated from the product.e) It signifies the point at which a percentage decrease in the cost of product will result in a percentage increase in the demand for the product.
Business
1 answer:
swat323 years ago
3 0

Answer:

d) It signifies the quantity at which the cost of a product equals the revenue generated from the product.

Explanation:

As the name suggests "Break-EVEN" point is the point in which a specified amount of inventory sold would yield no profit because the amount of revenue is equal to the costs.

Stated differently, it is the point at which cost or expenses and revenue are equal: there is no net loss or gain, and the product has "broken even"

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At the end of 2021, Worthy Co.’s balance for Accounts Receivable is $11,000, while the company’s total assets equal $1,410,000.
erastovalidia [21]

Answer:Worthy journal $

Date

March 14, 2022

Bad debt Dr 2600

Receivable Cr 2600

Narration. Record of receivables written off to income account on account becoming unrecoverable.

Explanation:

The direct method of written off bad debts do not make provision for estimate of receivables that are likely to go bad in which the estimate is recognised as debit to income statement and the corresponding credit entry is used to reduce the receivables, with adjustment been made at the year end for variances.

In the direct method the actual bad debts is debited in the income s statement and credited to the receivables accounts.

6 0
3 years ago
In a recent year, BMW sold 217,044 of its 1 Series cars. Assume the company expected to sell 226,244 of these cars during the ye
True [87]

Answer:

The answers are:

+ Sales price variance: $65,113,200

+ Sales volume variance: $(239,200,000)

Explanation:

We have detailed calculations shown as below:

Sales price variance = ( Actual unit sales price - budgeted unit sales price) x actual unit sold = ( 26,300 - 26,000) x 217,044 = $65,113,200;

Sales volume variance = ( Actual unit sold - Budgeted unit sold) x budgeted unit sales price = (217,044 - 226,244) x 26,000 = $(239,200,000).

So, for BMW recent year, we have:

+ Sales price variance: $65,113,200;

+ Sales volume variance: $(239,200,000).

6 0
3 years ago
Read 2 more answers
Webster's has sales of $649,000 and a profit margin of 7.2 percent. the annual depreciation expense is $102,600. what is the amo
Dimas [21]
Operating cash flow = ($649,000 x .072) + $102,600 = $149,328. In financial accounting, operating cash flow or as called as OCF in which cash flow provided by operations, cash flow from operating activities or as called as CFO or free cash flow from operations or as called as FCFO bring up to the sum of cash a company produces from the revenues it brings in not including costs related with long-term investment on capital items.
7 0
3 years ago
Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $30,5
DIA [1.3K]

Answer:

$38,500

Explanation:

Sheridan's ending cash balance can be calculated as;

= Beginning cash balance + cash provided by operating activities + cash provided by financing activities - cash used by investing activities

= $5,500 + $30,500 + $13,500 - $11,000

= $38,500

Therefore, the ending cash balance is $38,500

6 0
2 years ago
How many different ways are there to buy 8 fruits when the choices are apples, pears, and oranges?
Nadya [2.5K]

The total different ways are 65536.

How many ways can you buy 8 fruit?

8 choices from 4 options with repetition, so the number of ways is (8+4 − 1 4 − 1 ) = (11 3 ) = 165.

<h3>What is the rule of permutation and combination?</h3>

If the order doesn't matter then we have a combination, if the order do matter then we have a permutation.

One could say that a permutation is an ordered combination.

The number of permutations of n objects taken r at a time is determined by the following formula: P(n,r)=n!.

Learn more about permutation and combination here:

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8 0
1 year ago
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