From what I understand here, it is the company that will be creating the 5000 monthly income. This is an example of a specific measurable goal since the goal of Robert is to make sure that the monthly net income of his company would reach at least 5000. Since he is the boss of his company, this is also probably his personal mission for his company so that he will be motivated to keep on bringing his company to better heights. This will also probably motivate his employees to work harder as well.
Answer:
They collected $88,000
Explanation:
We have an initial balance of accounts receivable of $ 25,000. To this balance, we must add the revenue of the year a total of $ 119,000. By making this sum we get the result of $ 114,000, this would be the total of our accounts receivable totalized.
Subsequently, to this value we subtract the final balance of accounts receivable that was $ 56,000, to obtain a result of $ 88,000. In other words, $ 88,000 would be the amount collected from accounts receivable during the year.
Answer:
Break-even units = 66.67 units
Explanation:
<em>Break-even point is the level of activity that achieves no profit or loss. At this level profit is zero because the the total revenue is equal to total cost.</em>
<em>The break-even point is calculated as </em>
<em>Units to achieve target profit = (Total general fixed cost for the period + target profit)/ contribution per unit</em>
Contribution per unit = Selling Price - Variable cost
Contribution per unit = 15- (1+3+0.50) = 10.5
Fixed cost = 500 +( 50× 4) = 700
So the units requited to achieve break-even point:
Break-even point = 700/10.5
= 66.67 units
Answer:
Accumulated depreciation= $24,000
Explanation:
Giving the following information:
Using the straight-line method of depreciation, annual depreciation expense is computed as $8,000.
Under the straight-line depreciation method, the annual depreciation remains the same during the useful life.
Accumulated depreciation= annual depreciation*number of years
Accumulated depreciation= 8,000*3= $24,000
Answer: depreciation = $4020
book value = $77,360
Explanation: Under straight line method of depreciation, the value of the fixed asset is distributed over its useful life equally . It is calculated as follows :-
putting the values into equation we get :-
$4020
.
Book value = Initial value - (years * depreciation)
= $85,400 - (2 * $4020)
= $77,360
