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3 years ago

Data concerning Farm Corporation's single product appear below:

Business

1 answer:

scoundrel [369]3 years ago

7 0

Answer:

$221,000

Explanation:

Breakeven Point is the level of Sales where business has no profit no loss. At this level of sales the business covers all the varible and fixed expenses.

Contribution margin = Selling Price - Variable cost

Contribution margin = $290 - $78.3

Contribution margin = $211.70

Contribution margin Ratio =

Contribution margin Ratio = Contribution margin / Sales

Contribution margin Ratio = $211.70 / $290

Contribution margin Ratio = 0.73 = 73%

Breakeven Point = Fixed Cost / Contribution margin ratio

Breakeven Point = $161,330 / 73%

Breakeven Point = $221,000

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Pharoah Industries collected $106,000 from customers in 2019. Of the amount collected, $24,200 was for services performed in 201

vodka [1.7K]

Answer:

A. $33,200

B. $35,000

Explanation:

A. Computation for 2018 cash-basis net income

2018 cash-basis net income = $106,000 - $73,800

2018 cash-basis net income= $33,200

Therefore 2018 cash-basis net income is $33,200

(b) Computation for 2018 accrual-basis net income

2018 accrual-basis net income = ($106,000 - $24,200 + $39,400) - ( $73,800 - $29,100 + $41,500))

2018 accrual-basis net income= $121,200 - $86,200

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2 years ago

Production estimates for July are as follows:

LenKa [72]

Answer:

d. 234,000 lbs. of A; e. 39,000 lbs. of B

Explanation:

For computing the number of pounds first we have to find out the production units which is shown below:

Production units = Sales units + ending inventory units - beginning inventory units

= 76,000 units + 10,500 units - 8,500 units

= 78,000 units

Now number of material pounds required is

Direct material A B

One unit requires 3 lbs 1 ÷ 2 lbs

Multiply 78000 unit requires 234,000 39,000

We simply multiplied the production units with the required unit of each material i.e A and B so that the accurate number of pounds could arrive

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3 years ago

2. "A company's net income appears directly on the income statement and the owner's equity statement, and it is included indirec

tamaranim1 [39]

Answer:

Yes, I do agree with the statement

Explanation:

The statement which is stating that the company net income as well as the statement of the owner's equity both are included or shown indirectly in the company balance sheet . As balance sheet is that statement which tells the financial position or performance of the company at a specific time period.

Because the net income is the outcome of income statement and directly shown or stated in the income statement whereas owner's equity is the capital of the business which is shown in the balance sheet. Net income is already included in retained earnings which means shown indirectly in the balance sheet.

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3 years ago

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3 years ago

Which one of the following best illustrates that the management of a firm is adhering to the goal of financial management?a. An

-BARSIC- [3]

Answer:

increase in the market value per share

Explanation:

Market value per share is the price that the share of a company can be traded if it is to be sold to a willing investor in a stock market.

The market value per share is determined by the company's financial performance, favorable market information concerning the enterprise, perceived future prospects plus investors or public confidence.

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3 years ago