Question:4
1 answer:
You might be interested in
Answer: Check attachment
Explanation:
Note that, in the attachment, the total expense was calculated as the addition of the selling expense and the general and administrative expenses. This will be:
= $49700 + $34110
= $83810
Operating income was calculated as:
= Gross profit - Total expenses
= $107200 - $83810
= $23390
Check the attachment for further details.
Answer:
Assets
Account _________________ Account Number
Cash ________________________110
Accounts Receivable - A.Karn _____120
Accounts Receivable - J.Chin _____ 130
Supplies _____________________ 140
Prepaid Insurance______________ 150
Liabilities
Account _________________ Account Number
Accounts Payable - River Company _210
Accounts Payable - Sharma Supply _220
Capital
Account _________________ Account Number
Kajal Chauhan, Capital ___________310
Kajal Chauhan, Drawing __________320
Income
Account _________________ Account Number
Sales ________________________ 410
Expenses
Account _________________ Account Number
Advertising Expense _____________510
Charitable Expense ______________520
Insurance Expense ______________ 530
Postage Expense _______________ 540
Rent Expense __________________ 550
Explanation:
The first digit of the account number of Asset will start with 1. It means 1 represents the Assets section.
The first digit of the account number of Liabilities will start with 2. It means 2 represents the Liabilities section.
The first digit of the account number of Capital will start with 3. It means 3 represents the Capital section.
The first digit of the account number of Income will start with 4. It means 4 represents the Income section.
The first digit of the account number of Expenses will start with 5. It means 5 represents the Expenses section.
The second digit of each account number specific account. e.g in Asset the Account number 120 is for Accounts Receivable - A.Karn. The second digit 2 represents the account receivable of A.Karn.
Note:
The complete question is attached, please review
Answer:
It increases by 50 units.
Explanation:
Current break even point =
Here, fixed cost = $4,500
Contribution per unit = Selling price - Variable Cost = $20 - $10 = $10
Current break even point =
If variable cost increase by 10% then revised variable cost = $10 + 10% = $11
Contribution per unit = $20 - $11 = $9 per unit
Break even sales in units =
Difference in original and revised break even = Revised - Original = 500 - 450 units = 50 units,
Thus original break even increases by 50 units, = 50/450 = 11.11% increase.
Final Answer
It increases by 50 units.