The FAFSA is handy to know what you could possibly get when applying to college to help pay for things even if you don’t expect aid you might get more than you think
4.when you divide the closing price by the dividend you get a number higher thsn 50
Answer:
break even point in units = 2,667
break even point in $ = $33,338
Explanation:
The break even point marks the point where a company is able to cover all its expenses. At this point the company is not losing money, but it is not making a profit either.
break even point in units = total fixed costs / contribution margin
- total fixed costs = $10,000
- contribution margin = $12.50 - ($4 + $4.75) = $12.50 - $8.75 = $3.75
break even point in units = $10,000 / $3.75 = 2,666.67 ≈ 2,667 units
break even point in $ = 2,667 units x $12.50 per unit = $33,337.50 ≈ $33,338
Answer:
E. 12,500 units
Explanation:
Contribution margin = Sales - Variable cost = $6800000 - $2800000 = 40,00,000
Contribution margin per unit = 4000000/20000 = $200 per unit
Break-even Point = Fixed cost/Contribution margin per unit = $2500000/$200 = 12500 units
Answer:
Debit Bad debts expense $23,000
Credit Allowance for Doubtful Accounts $23,000
Explanation:
At December 31, 2017,
Bad debts is estimated:
8% x $325,000 = $26,000
Before adjusting, Allowance for Doubtful Accounts $3,000 credit. The company use aging method to estimate bad debts expense and Allowance for Doubtful Accounts. Bad debts expense amount will be record:
$26,000 - $3,000 = $23,000
The Journal entry:
Debit Bad debts expense $23,000
Credit Allowance for Doubtful Accounts $23,000
