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Neporo4naja [7]
3 years ago
11

Bristo Corporation has sales of 2,080 units at $50 per unit. Variable expenses are 25% of the selling price. If total fixed expe

nses are $68,000, the degree of operating leverage is:____________
Business
1 answer:
Mumz [18]3 years ago
3 0

Answer:

Degree of operating leverage = 7.8

Explanation:

given data

sales = 2,080 units

per unit price  = $50

Variable expenses = 25%

total fixed expenses = $68,000

solution

we get here Degree of operating leverage that is express as

Degree of operating leverage = Sales - variable cost ÷ (sales - variable cost - fixed cost)   .......................1

here

Sales = 2080 × 50  = 104000

and

Variable cost = 104000  × 25%  = 26000

so now put value in equation 1 we get

Degree of operating leverage = \frac{104000-26000}{104000-26000-68000}  

Degree of operating leverage = 7.8

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6 0
3 years ago
Capri Company began the current period with a $20,000 credit balance in the K. Capri, Capital account. At the end of the period,
Triss [41]

Answer:

1. $26,400

2. $34,400

Explanation:

The closing entry for the following accounts are shown below:

1. Service fees earned A/c Dr $70,000

  Interest revenue A/c Dr        $7,000

           To Income Summary             $ 77,000

(Being revenue account closed)

2. Income summary A/c Dr $50,600

          To Depreciation Expense $8,000

          To Salaries  Expense $38,000

         To Utilities Expense $4,600

(Being expenses accounts are closed)

3. Income summary A/c Dr $26,400    ($77,000 - $50,600)

     To  K. Capri, Capital A/c         $26,400

(Being the difference is credited to the capital account)

4. K.Capri capital $12,000    

        K.Capri withdrawals $12,000

(Being K.Capri withdrawals account is recorded)

Now the balance in the income summary is shown above i.e $26,400

And, the balance of the K. Capri, Capital account would be

= Credit balance + net income - withdrawals

= $20,000 + $26,400 - $12,000

= $34,400

5 0
2 years ago
On May 1, 2021, Cedar Corp. paid $432,000 for rent on warehouse space one year in advance. On November 1, 2021, Cedar Corp. ente
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Answer: $324,000

Explanation:

Cedar Corp. paid $432,000 for a year in advance. According to the Accrual principle in Accounting, expenses are to be recorded only when incurred.

The rent will therefore have to be apportioned to the months that it has paid for in the current period.

Rent for year = $432,000

Rent for month = 432,000/12 = $36,000

April - December = 9 months

Rent for the year = 9 * 36,000

= $324,000

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4 0
3 years ago
If the money multiplier is 3 and the Fed wants to increase the money supply by $900,000, it could 18. A. Buy $300,000 worth of b
Allushta [10]

Answer:

The right solution is Option A "buys $300000 worth rupees bonds".

Explanation:

Given:

Money multiplier,

= 3

Change in money supply,

= $900000

As we know,

⇒ Money \ multiplier=\frac{Change \ in \ total \ money \ supply}{Change \ in \ total \ monetary \ base}

Or,

⇒ Change \ in \ total \ monetary \ base=\frac{Change \ in \ total \ money \ supply}{Money \ multiplier}

On putting the values, we get

⇒                                                    =\frac{900000}{3}

⇒                                                    =300000 ($)

8 0
3 years ago
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