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castortr0y [4]
3 years ago
11

Newham Corporation produces and sells two products. In the most recent month, Product R10L had sales of $19,000 and variable exp

enses of $10,030. Product X96N had sales of $32,000 and variable expenses of $15,980. The fixed expenses of the entire company were $45,940. The break-even point for the entire company is closest to:
Business
1 answer:
Debora [2.8K]3 years ago
7 0

Answer:

The break-even point for the entire company is closest to 2 units

Explanation:

The Break even point is the point where a firm neither makes a profit nor a loss.

Break Even Point = Fixed Cost / Contribution per unit

                             = $45,940 /(($19,000-$10,030)+($32,000-$15,980))

                             = $45,940/$8,970+$16,020

                             = 2 units

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Hodor borrowed $1000. The bank charges him 5% interest per year. At the end of year, he paid $50 in interest. There was 2% incre
dem82 [27]

Answer:

5%

Explanation:

nominal interest rate = 5%

real interest rate = nominal interest rate -  increase in GDP deflator (inflation rate) = 5% - 2% = 3%

The nominal interest rate is the interest rate earned or charged without considering the effects of inflation. The real interest rate adjusts the nominal interest rate against the year's inflation rate.

5 0
3 years ago
Link Company uses a process cost system and the weighted average method. During the year the company completed 1,300 units of pr
Bumek [7]

Answer:

Cost per equivalent unit: $60

Explanation:

Cost per equivalent unit = (Cost of Beginning Work in Progress Inventory + Total production cost during the period) / Equivalent Units of Production (EUP)

Total Production Cost = $90,000

Equivalent Units of production (EUP) = 1,300 + 400 x 50% = 1,500 units

Cost per equivalent unit: $90,000 / 1,500 units = $60

7 0
3 years ago
For a business that uses the allowance method of accounting for uncollectible receivables:
Yuri [45]

Answer:

The Journal entries to record the given transactions would be:

Account Title                                                  Debit         Credit

(1) Uncollectible Accounts Expense              18,600

    Allowance for Doubtful Accounts                               18,600

     ($600 + $18,000)

(2) Allowance for Doubtful Accounts              350

    Accounts Receivable—Fronk Co.                                350

(3)  Accounts Receivable—Fronk Co.             200

     Allowance for Doubtful Accounts                               200

     Cash                                                            200

     Accounts Receivable—Fronk Co.                                200

(4)  Cash                                                            400

     Allowance for Doubtful Accounts*            200

     Accounts Receivable—Dodger Co.                             600

($600 - $400)*

3 0
3 years ago
The production of small consumer goods is referred to as?
AURORKA [14]
The correct answer is  :  light Industry

Since a light industry only produce small consumer goods such as clothes, shoes, hand made dolls, etc, it usually less capital oriented than the heavy industries and more consumer oriented than business oriented
8 0
3 years ago
Marlena, the human resource manager, is putting together a package describing the new job opportunity available at her company.
astra-53 [7]

Answer:

Job analysis

Explanation:

6 0
2 years ago
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