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solniwko [45]
3 years ago
8

In 2019, Vaughn sold 1000 units at $500 each, and earned net income of $40000. Variable expenses were $300 per unit, and fixed e

xpenses were $240000. The same selling price is expected for 2020. Vaughn’s variable cost per unit will rise by 10% in 2020 due to increasing material costs, so they are tentatively planning to cut fixed costs by $10000. How many units must Vaughn sell in 2020 to maintain the same income level as 2019?
Business
1 answer:
olga nikolaevna [1]3 years ago
3 0

Answer:

Vaughn must sell  1588 Units in 2020 to maintain the same income level as 2019

Explanation:

Selling price for 2020 = 500 per unit

Variable cost for 2020 = 300 x 10% + 300

                                       = 300 x 0.1 + 300

                                          = 30 + 300

                                            = 330 per unit

Fixed cost for 2020 = 240000-10000

                                  = 230000

Required unit = (Fixed cost+Net income)/Contribution margin per unit

                     = (230000+40000) / (500-330)

                     = 270000 / 170

                     = 1588.24

Required unit = 1588 Units

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3 years ago
The following is a trial balance of Barnhart Company as December 31, Year 1: Account Title: Debit Credit Cash 12,500 Accounts Re
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Answer:

The total amount of assets is 15,750.

Explanation:

Reproducing the trial balance below for clarity:

Account Title                  Debit           Credit

Cash                                12,500

Accounts Receivable     3,250

Accounts Payable                               2,800

Common Stock                                   6,600

Retained Earnings                              4,500

Service Revenue                                7,450

Operating Expenses       5,100

Dividends                         500

Total                                21,350         21,350

Calculation of Total Assets:

Total assets = Cash + Accounts Receivable

                    = 12,500 + 3,250

                    = 15,750

Note that among the given accounts, accounts cash and accounts receivable are assets; accounts payable is a liability; common stock and retained earnings are part of the capital; service revenue is a form of revenue; while operating expenses and dividends are expenses.

7 0
3 years ago
Determining how many man-hours are needed to meet production goals involves what type of management role
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The determination of the number of man-hours that are needed to meet production goals by the management involves an informational role.

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It should be noted that management simply means the process of controlling people to achieve a goal.

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The manager of the bank where you work tells you that your bank has $6 million in excess reserves. She also tells you that the b
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Answer and Explanation:

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Required reserves is

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Required reserve ratio is

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In this way, it should be determined so that the correct value & percentage could come

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2 years ago
Provides​ house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finis
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Answer:

a. $1,000 will be recognized as service revenue using the cash basis.

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