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Shtirlitz [24]
4 years ago
10

Ferkil Corporation manufacturers a single product that has a selling price of $25.00 per unit. Fixed expenses total $52,000 per

year, and the company must sell 6,500 units to break even. If the company has a target profit of $15,000, sales in units must be:
Business
1 answer:
s344n2d4d5 [400]4 years ago
7 0

Answer:

8375 units

Explanation:

Given: Fixed expenses = $52,000, Number of units to be sold = 6500 units, target profit = $15000

At breakeven; contribution margin = fixed cost = $52000

Hence contribution margin per unit = $52000/6500 = $8 per unit

Target contribution margin = Fixed cost + Target profits

= (52000+15000) = $67000

Hence sales in units = (67000/8) = 8375 units.

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luda_lava [24]

Answer and Explanation:

The computation is shown below:

a. As a premium expense

= ($0.460 - $0.44) × 695,000

= $13,900

b. As a difference of 3 months spot rate and spot rate

= ($0.455 - $0.44) × 695,000

= $10,425

The first one represents the premium expense for $13,900 and the second part represents the adjustment to the net income in a positive way

7 0
3 years ago
Business provided travel services worth R11800 to customers who settled the amount in cash
netineya [11]
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3 0
4 years ago
On Jan 5, a customer returned merchandise that had been purchased earlier on credit. The original sale was for $500, and the cos
Elodia [21]

Answer:

Debit Sales Returns and Allowances $500; debit Merchandise Inventory $150; credit Accounts Receivable $500; and credit Cost of Goods Sold $150.

Explanation:

Based on the information given the required appropiate journal entry to record the return on the books of the seller, in a situation were the goods can be sold to another customer is :

Debit Sales Returns and Allowances $500

Debit Merchandise Inventory $150

Credit Accounts Receivable $500

Credit Cost of Goods Sold $150

(To record the return on the books of the seller)

6 0
3 years ago
3. In ICS, the members of the Command Staff assume the title of:
Orlov [11]
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3 0
4 years ago
Company FIN3610-FTRA has a six-year project that requires an initial investment of $30,000. Every year, the project will pay fix
lara31 [8.8K]

Answer:

909.09

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$20,000 / 58 - 36 = 909.09

4 0
3 years ago
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