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Ilia_Sergeevich [38]
2 years ago
8

Lisa’s Custom Print Services produces and sells custom seashore prints. The manager reported $5,400 in fixed expenses, operating

income of $0 at the breakeven point, and a contribution margin per unit of $50. What is the firm’s breakeven point in units using the shortcut approach?
Business
1 answer:
VMariaS [17]2 years ago
8 0

Answer:

108 units

Explanation:

break even point in units = total fixed costs / contribution margin per unit = $5,400 / $50 = 108 units

There are three methods to obtaining a break even point and they all should result in the same answer: equation method, the formula method (or shortcut), and in dollar sales and sales units.

The formula method is also called the shortcut because it's the simplest way.

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Dunphy Company issued $20,000 of 8.5%, 10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and D
Rashid [163]

Answer:

(a)

January 1  Cash                      20000 Dr

                      Bonds Payable      20000 Cr

(b)

June 30    Interest expense    850 Dr

                          Cash                       850 Dr

Explanation:

a.

The bonds are issued at par value thus full cash equal to the par value of these bonds will be received on the issuance date.

b.

The ineterst is paid at 8.5% annually. The annual interest oayment equals 20000 * 0.085 = 1700

As this is paid semiannually in equal installments, the semi annual payment for interest on June 30 will be 1700 / 2 = $850

4 0
3 years ago
A supplier charges 15% interest on past-due amounts. Interest on a $512 account is $10.52. For how many days must the count have
labwork [276]

Answer:

For how many days must the count have been overdue assuming the supplier uses a 365-day year? 50 days

Explanation:

ACCOUNT         512  

% Interest           15%  

Annual interest 76,8  

   

 76,8         365

 10,52 x

   

X=50 days  

4 0
3 years ago
The market opportunities most relevant to a company are those that
Wewaii [24]

Answer:

are in their directly related field, they are going to have more market opportunities if they stick to their target market

Explanation:

3 0
3 years ago
How many Colgate options were outstanding as of December 31, 2013? Please provide your answer in thousands, without comma separa
il63 [147K]

Answer:

68000

Explanation:

Colgate has options outstanding amount to 68000 in 2013. The weighted average exercise price of sock option outstanding is $47.15. Out of 68000 the 54800 option are available for issuance and rest 13000 are restricted stock which are ready for issuance under Incentive Compensation Plan.

4 1
3 years ago
On October 2, 2016, Starbucks Corporation reported, on its Form 10-K, the following (in millions): 2016 2015 Total expenses $18,
Mrrafil [7]

Answer:

D. $21,315.9

Explanation:

We know,

Total revenues - Total expenses = Net Income/Earnings

Given,

Total revenues = ?

Total expenses = $18,497.0

Net Income/Earnings = $2,818.9

Therefore, Total revenues - $18,497.0 = $2,818.9

Total revenues = $18,497.0 + $2,818.9

Total revenues = $21,315.9

Therefore, <em>option D is the answer.</em>

We should not consider operating income because we know, part of expenses is operating expenses. Alternatively, When we deduct operating expenses from gross profit or service revenue, we can get operating income.

3 0
3 years ago
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