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Nitella [24]
2 years ago
5

Northern Pacific Fixtures Corporation sells a single product for $28 per unit. If variable expenses are 65% of sales and fixed e

xpenses total $9,800, the break-even point is: (Round your intermediate calculations to 2 decimal places.) Garrison 16e Rechecks 2017-08-04 Multiple Choice $15,077 $18,200 $9,800 $28,000
Business
1 answer:
Advocard [28]2 years ago
5 0

Answer:

$28,000

Explanation:

The computation of the break-even point in dollars amount is shown below:

Break-even point in dollars amount = Fixed expenses ÷ Contribution margin ratio

where,

Fixed expenses is $9,800

And, the contribution margin ratio

= (Selling price per unit - variable cost per unit) ÷ (Selling price per unit) × 100

= ($28 - $28 × 0.65) ÷ ($28) × 100

= ($28 - $18.2)  ÷ ($28) × 100

= 35%

So, the Break-even point in dollars amount is

= $9,800 ÷ 35%

= $28,000

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Compare and contrast different ways in which a taxpayer triggers a realization event by disposing of an asset.
aniked [119]

Answer:

There are many ways a taxpayer can trigger a realization event.  She can trigger it through a sale or trade by receiving a value greater than the disposed asset.  She can also trigger a realization event by making a gift to charity.  Other ways include disposal, for example, to a landfill and destruction through natural disaster.  In the latter cases, there is a loss to the taxpayer.  With a natural disaster, the taxpayer can only obtain a realization gain if reimbursed by the insurance company.

Explanation:

A realization event happens when there is a sale or a disposal of an asset or a discharge from a liability.  There is usually an increase in the value realized from the disposal, which is greater than the asset's value before disposal. It also happens when the taxpayer receives a relief from a liability or completes a profitable transaction.

8 0
3 years ago
J Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in eq
IrinaVladis [17]

Answer:

Simple accounting  rate of return= 27.32%

Explanation:

The accounting rate of return = Average annual operating income / Average investment

Annual depreciation = ( Cost - Salvage value)/No of years = (30,500 - 0 )/15

                                =       2033.33

Average Investment -= (Cost + scrap Value)/ 2

                                   = (30500 + 0)/2 =15,250

Average Annual income = 6,200 - 2033.33

                                         = 4166.67

Simple accounting rate of return =( 4,166.667/ 15,250 )× 100

                                                     = 27.32%

6 0
3 years ago
Alfred, Mario, and Lydia have worked together on the same team for three years. The company has just hired a new personnel direc
Daniel [21]

Answer:

The correct answer is: Adjouring.

Explanation:

To begin with, <em>the model of group development</em> was first proposed by Bruce Tuckman in 1965 and whose main purpose is to focus on the stages that a team must go through in order to accomplish an ultimate goal. Moreover, the the model included 5 different stages: forming, storming, norming, performing and adjouring.

To continue, the last of the stages, the adjouring stage, involves the situation where the team have already accomplished its ultimate goal and must now split in order to every member to be reassigned to other teams and new tasks.

To sum up, <u>Alfred, Mario and Lydia are in the adjouring stage of team development</u> due to the fact that they had already been together for so long and must go on in another teams with another goals.  

6 0
3 years ago
Read 2 more answers
Geneva Company manufactures dolls that are sold to various customers. The company works at full capacity for half the year to me
SpyIntel [72]

Answer: <u><em>So, the minimum selling price will be $26.</em></u>

Explanation:

The fixed cost are incurred regardless of the production volume, they're tangential to decision making.

Now,  

Minimum selling price that should be accepted for the product is given as follow:

Variable manufacturing cost = $20

Variable selling and admin  = $6

Total cost incurred = Variable manufacturing cost + Variable selling and admin = $26.

<u><em>So, the minimum selling price will be $26.</em></u>

7 0
3 years ago
Read 2 more answers
Wilbert's Clothing Stores just paid a $1.20 annual dividend and increases its dividend by 2.5 percent annually. You would like t
astraxan [27]

Answer:

For 100 shares, the mount that should be paid = $1766

Explanation:

We have to calculate the price of the stock in the 4th year because the investor cannot afford the stock in another 3 years.

Price of the stock = Do + g / ke - g

Dividend in current year = $1.2

Dividend after 1 year = 1.2 +2.5% (1.2)= 1.23

Dividend after 2 years = 1.23 + 2.5%(1.23) = 1.26075

Dividend after 3 years = 1.26075 + 2.5%(1.26) = 1.29227

Price in 4th year = 1.29227 + 2.5% / (0.10 - 0.025)

                            =1.29227 + 2.5%(1.29227)/0.075

                            = 17.66

Therefore, for 100 shares, the mount that should be paid = 17.66 * 100 = $1766

5 0
3 years ago
Read 2 more answers
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