Answer:
$5,181.06
Explanation:
For computation of firm's net fixed assets first we need to follow some steps which is shown below:-
Current Ratio = Current Assets ÷ Current Liabilities
Current asset = Current ratio × Current liability
= 1.60 × $970
= $1,552
Profit Margin = Net income ÷ sales
Net income = Profit margin × sales
= 0.098 × $5,175
= 507.15
Long term debt ratio = Long term debt ÷ (Long term debt + Total equity)
0.50 = Long term debt ÷ (Long term debt + 2881.53)
Long term debt = 1440.765 ÷ (1 - 0.5)
= 2881.53
Total debt = Current liability + Long term debt
= 970 + 2881.53
= 3851.53
Total Asset = Total debt + Total equity
= 3851.53 + 2881.53
= $6733.06
Net fixed Asset = Total Asset - Current Asset
= $6,733.06 - $1,552
= $5,181.06
To find: Breakeven point (in units)
Given: Number of hams sold = 11000
Sales revenue = $220,000
Variable cost = $55,000
Fixed cost = $24,000
Solution: Break-even point (in units) can be calculated as:-
Fixed costs / (sales price per unit-variable costs per unit)
Fixed costs = $24,000
Sales price per unit = total sales revenue/number of units = 220000/11000 =
$20
Variable costs per unit = total variable cost/number of units = 55000/11000 = $5
Putting values in the formula,
=24000 / (20-5)
=24000/15
=1600
Breakeven point (in units) = 1600 units
Question Completion with options:
a. Past performance information provided directly by the offeror should not be relied upon.
b. The past performance evaluation satisfies the responsibility determination required under FAR subpart 9.1.
c. Evaluations should take into account past performance information regarding predecessor companies.
d. Offerors with demonstrated past performance that is neither relevant nor recent must not be removed from further consideration for award.
Answer:
The statement that is true regarding the evaluation of the past performance is:
c. Evaluations should take into account past performance information regarding predecessor companies.
Explanation:
It has been established that past performance is the best indicator of future performance. Past performance can predict future performance, behavior, and success. Organizations that achieve some good performance in the past build the required confidence, which will help them to forge ahead in the present and future. This is why in selecting companies for a negotiated competitive services acquisition, even the past performance of predecessor companies should be reviewed to get a better handle on the company's ability to deliver on the projects.
Answer: A. Depreciation Expense and credits a contra-asset account.
Explanation:
Depreciation is an expense which means that when it is incurred, it will be debited because expenses are debited to show that they have increased.
Depreciation reduces the value of an asset so the asset needs to be credited which is what is done when an asset reduces. The full entry would therefore involved a debit to the Depreciation account and a credit to the asset account that is being depreciated.
Answer:
Ending inventory= $816
Explanation:
Giving the following information:
Apr. 1 Beginning inventory 470 $2.37
Apr. 20 Purchase 410 $2.72
Dunbar sold 580 units of inventory during the month.
T<u>o calculate the ending inventory under the FIFO (first-in, first-out) method, we need to use the cost of the last units incorporated into inventory.</u>
Units in ending inventory= 880 - 580= 300
Ending inventory= 300*2.72= $816
