Based on the selling price of the picture frames and the unit variable costs, the break-even point is 400 picture frames.
<h3>What is the breakeven point?</h3>
This can be found by the formula:
= Fixed costs / (Selling price - Variable costs)
Solving gives:
= 32,000 / (120 - 40)
= 32,000 / 80
= 400 picture frames
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Answer:
Jason investment - debt security
Hernando investment - equity security
Explanation:
By using the information, we get to know that Jason expected that full investment would be paid back along with some interest which means he is dealing in debt security which includes the loan plus interest part.
Whereas, Hernando expected that dividend is received on that amount which he is invested which means that he is dealing in equity security.
The equity security involves stock in equity security whereas loan or bond is a debt security
Answer:
6.1 y
Explanation:
Diamond Company
New equipment÷(Annual net income +Depreciation expense)
New equipment$1,400,000
Annual net income $90,000
Depreciation expense $140,000
$1,400,000 ÷ ($90,000 + $140,000)
=$1,400,000÷$230,000
= 6.1 y
Therefore the cash payback period will be 6.1 years
Answer:
mode
Explanation:
The mode is the most common value in a data set. In this case, the frequency distribution was 7 A's, 10 B's, 18 C's, 4 D's and 1 F, since C is the most common grade, it is the mode.
Only if this was a normal distribution, the mode should be equal to the mean and the median. In this case the median is also C (the number in the middle), but if we assign numbers to the grades (A=5, B=4, C=3, D=2 and F=1) the mean = 3.45.
Answer:
The correct answer is letter "D": Rolling budgets
.
Explanation:
Rolling budgets or budget rollovers are those updated permanently as long as the budget of the previous period is met. These types of budgets are considered extensions of existing budgets but with changes added to reflect the current situation of a company.
