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3 years ago

Data concerning Wang Corporation's single product appear below: (Do not round your intermediate calculations.)

Business

1 answer:

Kipish [7]3 years ago

5 0

Answer:

The break-even in monthly dollar sales is closest to $215,000

Explanation:

The break-even point is the level of production at which the costs of production equal the revenues for a product and calculated by using following formula:

Break-even point in units = Fixed expense/(Selling price per unit-Variable expense per unit) = $144,050/($230.00 - $75.90) = 935 units

The break-even in monthly dollar sales = 935 x $230.00 = $215,000

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1) These two fibres can withstand high temperature from iron, high heat of boiling water and can also be dyed.

CaHeK987 [17]

Answer:

This took me a long time to figure out , but I'm pretty sure number 1 is

D) Silk and Wool.

And number 2 is C) Northern Nigeria

Explanation: Hope that's right, sorry if not because for number 1 most of them could be the answer, and for number 2, three of them could be the answer.‍

5 0

3 years ago

Which of the following costs would continue to be incurred even if a segment is eliminated? A. Direct fixed expenses B. Variable

stich3 [128]

Answer:

The correct answer is C. Common fixed costs.

Explanation:

A fixed cost is an expense that the company must incur, even if the company operates at medium speed, or does not, which is why they are so important in the financial structure of any company.

This is the case, for example, of payments such as leasing, since this, if nothing is sold, must be paid. It also happens with almost all labor payments, public services, insurance, etc.

Perhaps the main component of fixed costs is labor, therefore, it is not surprising that companies struggle every day for greater labor flexibility that allows them to convert those fixed costs into variables.

7 0

3 years ago

Karla Salons leased equipment from Smith Co. on July 1, 2021, in a finance lease. The present value of the lease payments discou

Natali5045456 [20]

Answer:

C- $3,400

Explanation:

The Karla Salons has leased equipment from Smith Co. in a finance lease. The Smith Co will record the interest receivable from the Karla Salons in its income statement. The Karla Salons will record lease obligations in its balance sheet. Under the new ASU, the interest revenue which Smith Co. will record in its income statement is $3,400 for the year 2016.

5 0

4 years ago

Salcia is a country that depends heavily on domestic products. The Salcian government decides on the products that can be import

hoa [83]

Answer:

D) Mercantilism

Explanation:

Based on the information provided within the question it can be said that Salcia's approach to international trade is being influenced by Mercantilism. This term refers to a policy that was created in order to maximize exports of a nation while at the same time minimizing the imports. This is what Salcia is trying to accomplish by not importing anything that they can make at home.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0

4 years ago

Nash Co. sells $435,000 of 12% bonds on June 1, 2020. The bonds pay interest on December 1 and June 1. The due date of the bonds

garri49 [273]

Answer:

$\left[\begin{array}{ccccccc}\\ &&$Carrying Value&$Cash&$Int. exp&$Amortization&$E.Carrying\\& 1&493574.88&26100&19743&6357&487217.88\\& 2&487217.88&26100&19488.72&6611.28&480606.6\\& 3&480606.6&26100&19224.26&6875.74&473730.86\\& 4&473730.86&26100&18949.23&7150.77&466580.09\\& 5&466580.09&26100&18663.2&7436.8&459143.29\\& 6&459143.29&26100&18365.73&7734.27&451409.02\\& 7&451409.02&26100&18056.36&8043.64&443365.38\\& 8&443365.38&26100&17734.62&8365.38&435000\\\end{array}\right]$

<u>Journal entries:</u>

cash 493,574.88 debit

bonds payable 435,000.00 credit

premium on bp 58,574.88 credit

--to record issuance--

Interest expense 19743

Amortization 6357

cash 26100

--to record Dec 31st, 2020--

Interest expense 19488.72

Amortization 6611.28

cash 26100

--to record June 30th, 2021--

bonds payable 130,500.00 debit

premium on bp 13,681.98 debit

interest expense 17,400.00 debit

gain on redemption 25,081.98 credit

cash 136,500.00 credit

--to record redemption--

premium on BP 4,813.04 debit

interest expense 13,456.96 debit

cash 18,270 credit

-- to record December 31st, 2021--

Explanation:

First, we solve for the proceeds from the bonds payable:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 26,100 (435,000 x 12% / 2)

time 8 ( 4 years x 2)

yield to maturity 0.04 ( 8% / 2)

$26100 \times \frac{1-(1+0.04)^{-8} }{0.04} = PV\\$

PV $175,724.6412

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 435,000.00

time 8.00

rate 0.04

$\frac{435000}{(1 + 0.04)^{8} } = PV$

PV 317,850.24

PV c $175,724.6412

PV m $317,850.2392

Total $493,574.8804

We now build the amortization schedule.

We take this value, we multiply by the interest rate and then, solve for amortization and ending carrying value.

<u>To record the redemption:</u>

accrued interest:

435,000 x 0.12 x 4/12 (months from June to oct) = 17,400

premium:

480,606.6 - 435,000 = 45,606.6

proportional of premium:

45,606 / 435,000 x 130,500 = 13.681,98

we now solve for the gain/loss on redemption:

130,500 + 13,681.98 + 17,400 = 161.581,9 value redeem

for cash 136,500

gain on redemption 25.081,98

bonds payable 130,500.00 debit

premium on bp 13,681.98 debit

interest expense 17,400.00 debit

gain on redemption 25,081.98 credit

cash 136,500.00 credit

Now, we solve for Dec 31st, 2021 entry.

bonds payable: 435,000 - 130,500 = 304,500

premium: 45,606 - 13,681.98 = 31.924,02

interest expense:

(304,500 + 31,924.02) x 0.04 = 13,456.96

cash outlay:

304,500 x 0.06 = 18,270

amortization 18,270 - 13,456.96 = 4,813.04

6 0

3 years ago