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Kipish [7]
3 years ago
13

The current sales price of a product is $25 per unit and the variable cost is $17 per unit. Fixed costs for manufacturing the pr

oduct are $40,000. The break-even point is __________ units.
A) 8,000


B) 5,000


C) 2,000


D) 1,000
Business
1 answer:
nekit [7.7K]3 years ago
5 0

Answer:

Option (B) is correct.

Explanation:

Given that,

Fixed costs for manufacturing the product = $40,000

Current sales price of a product = $25 per unit

Variable cost = $17 per unit

Break even points in units:

= Fixed cost ÷ (selling price per unit - Variable cost per unit)

= $40,000 ÷ ($25 per unit - $17 per unit)

= $40,000 ÷ $8 per unit

= 5,000 units

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Ashley Anderson pays her HOA dues of $660 for the calendar year. She then sells her property and closes on June 15. What is the
Alenkinab [10]

Answer:

The amount of the prepaid portion that is due back to Ashley using the 12 month, 360 day proration is=$362.34

Explanation:

<em>Step 1: Determine HOA per day</em>

Use the expression below to determine HOA per day;

T=H×N

where;

T=total HOA dues per year

H=HOA per day

N=number of days in a year

In our case;

T=$660

H=unknown

N=360 days

Replacing;

660=H×360

360 H=660

H=660/360

H=$1.83 per day

<em>Step 2: Determine amount of HOA that is due back</em>

Using the same expression;

T=H×N

but;

T=unknown

H=$1.83 per day

N=(June, 15 days)+(July, 30)+(Aug, 31)+(Sep. 30)+(Oct 31)+(Nov 30)+(Dec 31)

N=(15+30+31+30+31+30+31)=198 days

Replacing;

T=(1.83×198)=$362.34

The amount of the prepaid portion that is due back to Ashley using the 12 month, 360 day proration is=$362.34

5 0
3 years ago
Indicate the effect of each transaction during the month of October 2016 and the balances for the accounting equation after all
Nikolay [14]

Answer:

Test answer

Explanation:

Please delete that answer

5 0
3 years ago
Martinez Company sells goods to Danone Inc. by accepting a note receivable on January 2, 2020. The goods have a sales price of $
Artemon [7]

Answer:

Martinez Company

a) Journal Entries

Jan. 2, 2020:

Debit Accounts Receivable (Danone Inc.) $630,000

Credit Cash Discounts $9,100

Credit Sales Revenue $639,100

To record the sale of goods on account,  with trade terms, 5 days $9,100, net 30.

Debit Cost of goods sold $480,000

Credit Inventory $480,000

To record the cost of goods sold.

Jan. 28, 2020:

Debit Cash $639,100

Credit Accounts Receivable (Danone Inc.) $630,000

Credit Cash Discounts $9,100

To record the full receipt of cash on account and the revision of the cash discounts not taken.

Explanation:

a) Data and Analysis:

Jan. 2, 2020:

Accounts Receivable $630,000 Cash Discounts $9,100 Sales Revenue $639,100, terms, 5 days $9,100, net 30.

Cost of goods sold $480,000 Inventory $480,000

Jan. 28, 2020:

Cash $639,100 Accounts Receivable $630,000 Cash Discounts $9,100

7 0
3 years ago
LeGo Financials offer two investment plans. Investment A pays 9 percent interest compounded monthly, whereas Investment B pays 1
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9.38%; 10.25%

Explanation:

The annual rate rate of return is based on the amount of money earned or expended at year-end and is split at the start of the year into an initial investment. The annual returns or cumulative annual rate is also related to as this form.

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7 0
3 years ago
What is the result of strong, effective, market-supporting formal institutions?
PSYCHO15rus [73]
<span>The result of a strong, effective, market supporting formal institution is a developed economy. A developed economy can be found in a developed and industrialized country. It will be a sovereign state that is highly developed in technology and infrastructure.</span>
6 0
3 years ago
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