Answer:
Break-even point (dollars)= $480,000
Explanation:
Giving the following information:
Fixed costs are $114000.
Sales mix:
Planes= 0.75
Kits= 0.25
Contribution margin ratio:
Planes= 0.20
Kits= 0.35
To calculate the break-even point in dollars, we need to use the following formula:
Break-even point (dollars)= Total fixed costs / Weighted average contribution margin ratio
Weighted average contribution margin ratio= sales mix*contribution margin ratio
Weighted average contribution margin ratio= 0.75*0.2 + 0.25*0.35
Weighted average contribution margin ratio= 0.2375
Break-even point (dollars)= 114,000/0.2375
Break-even point (dollars)= $480,000
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Carey Company had sales in 2016 of $1,716,000 on 66,000 units. Variable costs totaled $1,188,000, and fixed costs totaled $473,000.
Contribution format income statement:
Sales= 1,716,000
Variable costs= 1,188,000
Contribution margin= 528,000
Fixed costs= 473,000
Net operating income= 55,000
Answer:
90%
Explanation:
Given that,
Percent of new hires turn out to be good workers = 80%
Percent of new hires turn out to be poor workers = 20%
Percent of good workers passed the reasoning test = 90%
Percent of bad workers passed the reasoning test = 40%
Probability of good workers who are passed:
= 0.8 × 0.9
= 0.72
Probability of poor workers who are passed:
= 0.2 × 0.4
= 0.08
Total probability:
= Probability of good workers who are passed + Probability of poor workers who are passed
= 0.72 + 0.08
= 0.80
Percent of the new hires will turn out to be good workers:
= Probability of good workers who are passed ÷ Total probability
= 0.72 ÷ 0.80
= 0.9 or 90%
Answer:
c. $25,000
Explanation:
Calculation to determine At the end of the year, the company's equity totaled:
First step is to calculate the Net income using this formula
Net income= Revenues- Expense
Let plug in the formula
Net income= 35000-23000
Net income=12000
Second step is to calculate Net income added to capital using this formula
Net income added to capital = Net income-Cash dividend
Let plug in the formula
Net income added to capital=12000-2000
Net income added to capital=10000
Now let determine the Ending company total equity using this formula
Ending company total equity= Opening invested capital + Net income added to capital
Let plug in the formula
Ending company total equity=15000+10000
Ending company total equity=$25000
Therefore At the end of the year, the company's equity totaled:$25,000
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