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3 years ago

At the break-even point:

Business

1 answer:

OlgaM077 [116]3 years ago

5 0

Answer:

D. Contribution margin would be equal to total fixed costs

Explanation:

As we know that

break even point is the point at which the firm is earning no profit or no loss suffered

In equation, it is

Total cost = Total revenues

In addition,

The contribution margin = Sales - variable expenses

Therefore

The contribution margin = Fixed cost = break even point

If we subtract the contribution margin from the fixed cost the amount should be zero which implies the break even point

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At the beginning of July, CD City has a balance in inventory of $2,850. The following transactions occur during the month of Jul

myrzilka [38]

Answer:

Inventory 1750 debit

Accounts Payable 1,750 credit

--to record purchase--

Inventory 120 debit

Cash 120 credit

--to record payment of freights--

Accounts Payable 400 debit

Inventory 400 credit

--to record returned goods--

Accounts Payable 1350 debit

Inventory 27 credit

Cash 1323 credit

--to record payment within discount--

Accounts Receivables 4700 debit

Sales Revenues 4700 credit

--to record sale--

COGS 2450 debit

Inventory 2450 credit

--to record COGS of the previous sale--

Cash 4700 debit

Accounts Receivables 4700 credit

--to record collection in full amount--

Inventory 2550 debit

Accounts Payable 2550 credit

--to record purchase--

Accounts Receivables 3650 debit

Sales Revenues 3650 credit

--to record sale--

COGS 1950 debit

Inventory 1950 credit

--to record COGS of the previous sale--

Accounts Payable 190 debit

Inventory 190 credit

--to record returned goods--

Accounts Payable 2360 debit

Inventory 47.2 credit

Cash 2312.8 credit

--to record payment within discount--

Explanation:

We reocrd each entry assuming the basic accounting principles

debit = credit

<u>first purchase balance:</u>

1,750 less 400 return = 1,350

discount 1,350 x 2% = 27

cash outlay 1,350 - 27 = 1,323

<u>second purchase balance:</u>

2,550 less 190= 2,360 balance

discount 2,360 x 2% discount = 47.20

cash outlay 2,360 - 47.20 = 2312.8

4 0

4 years ago

Early access to medical care, from ems through reperfusion, improves overall outcomes by:________

forsale [732]

We can actually deduce here that early access to medical care, from ems through reperfusion, improves overall outcomes by: B. Faster access to medications that increase blood clotting.

EMS refers to Emergency Medical Services. It is actually known to be a system whose responsibility is to provide emergency medical care. The EMS is focused on providing emergency medical care for patients who have serious illness or injury.

The options that complete the question are:

A. Increased access to social support services

B. Faster access to medications that increase blood clotting

C. Delaying onset of hypothermia

D. Saving more heart tissue from cell death

We see here early access of medical care from ems through reperfusion, improves overall outcomes by faster access to medications that increase blood clotting.

Learn more about EMS on brainly.com/question/15043841

#SPJ1

5 0

2 years ago

If the government decides to spend an extra $4 billion on fighter jets that they would otherwise have spent on computers, and th

STatiana [176]

Answer:

d. ad does not change.

Explanation:

Aggregate demand is defined as the total demand for finished products that is produced by a country. It is also called effective demand

In this instance aggregate demand will be a sum of demand for both computers and fighter jets. If the government decides to spend on fighter jets instead of computers, the aggregate demand will not change since it is total demand of both proucts.

4 0

3 years ago

Faeber Textile Company frequently factors its accounts receivable. During 2019, Faeber made credit sales of $100,000 to customer

Tems11 [23]

Answer:

Faeber Textile Company frequently factors its accounts receivable. During 2019, Faeber made credit sales of $100,000 to customers, under terms of 2/10, n/30. Faeber records its credit sales using gross price.

Dr Accounts receivable 100,000

Cr Sales revenue 100,000

In 2019, Faeber sold $70,000 of these receivables to a factor. The factor remitted 90% of the accounts receivable factored and charged a 12% commission on the gross amount of the factored receivables.

Dr Cash 54,600

Dr Factoring expense 8,400 (= $70,000 x 12%)

Dr Factoring receivables 7,000

Cr Accounts receivable 70,000

The factoring agreement also requires Faeber to be responsible for any cash discounts taken by customers upon payment of the factored receivables. Faeber is charged for these cash discounts upon reimbursement by the factor. During 2019, the factor collected the remaining amount of the factored receivables, minus the 2% discount on 94% of the collected receivables, and returned the balance owed to Faeber.

Dr Cash 5,684 (=$7,000 - $1,316)

Dr Sales discounts 1,316 (= $70,000 x 94% x 2%)

Cr Factoring receivables 7,000

Faeber collected the remaining amount of the unfactored accounts receivable, minus the 2% discount on 96% of the collected receivables.

Dr Cash 29,424 (= $30,000 - $576)

Dr Sales discounts 576 (= $30,000 x 96% x 2%)

Cr Accounts receivable 30,000

4% of the accounts receivable were collected at 100%, and 96% were collected at 98%.

3 0

3 years ago

Worthy Ships initially issued 400,000 shares of $1 par stock for $2,000,000 in 2021. In 2023, the company repurchased 40,000 sha

liq [111]

Answer:

Worthy Ships:

Treasury Stock account balance would be $80,000.

Explanation:

Treasury Stock account is a contra account to the Common Stock account. Using the cost method, the account will have a debit entry and balance of $400,000 in 2023. In 2024, with the resale of shares, the account will have a credit entry of $320,000. This would bring the balance to $80,000 at the end of 2024.

8 0

3 years ago