Answer:
Break-even sales = $800,000.
Explanation:
<em>The beak-even point is the units of products to be sold or number of customers to be served to enable a business to cover exactly its total cost from the revenue. At the break-even point, the business makes no profit or no loss because the contribution from sales exactly equals the total fixed cost</em>
<em>Break-even in sales revenue = Total fixed cost/Contribution margin</em>
<em>Contribution margin (%) = Contribution/ sales × 100</em>
= 160,000/640,000
= 0.25 × 100
= 25%
<em>Fixed cost = Contribution - operating income</em>
= 160,000- -( 40,000)
= 160,000 + 40,000
= 200,000
<em>Break-even point sales = 200,000/25%</em>
= $800,000.
Answer:
The opportunity cost of attending the concert=$0
Explanation:
An opportunity cost is the total monetary loss that one has when they choose a given option. It can also be defined as the gain that one misses when the individual or business chooses one alternative over the other. Opportunity costs are not heavily considered in financial reports, however individuals or businesses who have the opportunity to choose from many alternatives at the same time need to consider the opportunity cost to make a more valuable decision in the long-run. Opportunity costs helps individuals and businesses to make better decisions on the options they have at their disposal.
The opportunity cost can be Determined using the following expression;
OC=FO-CO
where;
OC=opportunity cost
FO=return on best forgone option
CO=return on chosen option
Since in our case, the forgone option was not attending the concert, the cost would be=0
Also since the chosen option was the ticket at no charge, the cost would be=0
In our case;
OC=unknown
FO=0
CO=0
replacing;
OC=0-0=0
The opportunity cost of attending the concert=$0
The portion of the first month's mortgage payment meant for interest is $2,333.33
What is a mortgage?
Mortgage is a loan taken to acquire property which requires periodic interest payment such as monthly , semiannually or even annually.
First month interest=loan amount*annual interest rate/12
First month interest=$400,000*7%/12
First month interest=$2,333.33
Find further explanation on mortgage interest below:
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The best ways is to fill in the opening balance in the vendor details dialogue box. This method is quick, and one may finish it when one create the vendor.
The Vendor Balance Summary report summarizes the company's obligations and overpayments to certain vendors. The overarching goal of this report is to identify accounting irregularities. View the Vendor Balance Detailed report for further information on the vendor's balance.
The following information is included in the report:
- Vendor: Either the vendor indicated in the preceding filtering choices or all suppliers accessible to the firm.
- Balance: The amount owed to a certain vendor or the credit/overpayment amount (marked with brackets).
- Totals: The total amount owed or payed to the suppliers listed.
To learn more about opening balance of vendors click on :
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Answer:
2,4,5,7
Explanation
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