Answer:
$7,222
Explanation:
Given that,
Selling price per dozen = $18
Variable costs = $5 per dozen
Total fixed costs = $ 5,200
Contribution margin per dozen:
= Selling price per dozen - Variable costs per dozen
= $18 - $5
= $13
Contribution margin ratio:
= (Contribution margin ÷ Selling price per dozen) × 100
= ($13 ÷ $18) × 100
= 0.72 × 100
= 72%
Break-even sales in dollars:
= Total fixed costs ÷ Contribution margin ratio
= $5,200 ÷ 0.72
= $7,222
FOB shipping point
Explanation:
FOB affects the buyer's inventory cost adding liability for shipped goods increases inventory costs and reduce net income.
$10500.
What is credit and debit?
Events known as business transactions have a financial influence on an organization's financial statements. We enter the figures in two accounts, with the debit column on the left and the credit column on the right, to account for these transactions.
<u>Debit</u>
An accounting debit is an addition to an asset or cost account or a subtraction from a liability or equity account. In an accounting entry, it is placed to the left.
<u>Credit</u>
A credit is an accounting item that either raises or lowers an asset or cost account. It can also increase or decrease a liability or equity account. In an accounting entry, it is placed to the right.
Learn more about credit and debit with the help of given link:-
brainly.com/question/27917616
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Answer:
Balance on balance on July 1 is $31490.67
Explanation:
given data
deposited P = $27,000
time = April 2 to May 12 = 40 days
rate = 4 % = 0.04
solution
we get here first compound amount that is express as
amount = P × 
...................1
put her value
amount = 27000 × 
amount = $27118.60
and
now we add here $4,200 in $27118.60 that will be
new principal P = $31318.60
and time t = 12 may to July 1 = 50 days
we get here amount that is put value in equation 1 we get
amount = $31318.60 × 
solve it we get
amount = $31490.67
so that balance on balance on July 1 is $31490.67
