What is a Limited Purpose credit card?

If a basket selling price is $13per unit with the variable expense is $10 per unit and the company's monthly fixed expense if $7

TiliK225 [7]

Answer:

26,000 units

Explanation:

The break-even point is calculated by dividing fixed costs by the contribution margin per unit.

Fixed costs are $78,000

Contribution margin per unit = selling costs - variable costs

=$13-$10

Contribution margin per unit=$3

Break-even point = $7800/$3

=26,000 units

6 0

3 years ago

If you are in a car accident caused by someone else who also has insurance, which type of insurance plan will not require you to

Ber [7]

Full coverage comprehension

7 0

4 years ago

Read 2 more answers

Rowan Co. purchases 200 common shares (40%) of JBI Corp. as a long-term investment for $600,000 cash on July 1. JBI Corp. paid $

aleksley [76]

Answer:

1. Jul-01

Dr Investment in JBI Corp $ 600,000

Cr Cash $ 600,000

2. Nov-01

Dr Cash $ 5,000

Cr Investment in JBI Corp $ 5,000

3. Dec-31

Dr Investment in JBI Corp $ 100,000

Cr Investment revenue $ 100,000

Explanation:

1. Preparation of Rowan's entries to record the purchase of JBI shares

Jul-01

Dr Investment in JBI Corp $ 600,000

Cr Cash $ 600,000

[To record investment in common shares of JBI Corporation]

2. Preparation of Rowan's entries to record the receipt of its share of JBI dividends

Nov-01

Dr Cash [12,500*40%] $ 5,000

Cr Investment in JBI Corp $ 5,000

[To record receipt of dividends]

3. Preparation of Rowan's entries to record the December 31 year-end adjustment for its share of JBI net income

Dec-31

Dr Investment in JBI Corp [$250,000*40%] $ 100,000

Cr Investment revenue $ 100,000

[To record share of net income for the year]

4 0

3 years ago

A desire result which may be attained in less than one year

Elodia [21]

Long-term goal
Hope this helps

5 0

3 years ago

Swanky Beverage Co. expects the following cash flows from its manufacturing plant in Palau over the next 5 years: Year Annual Ca

posledela

Answer:

Total PV= $18,706,201.3

Explanation:

Giving the following information:

Year Annual Cash Flows:

1 $4,200,000

2 $4,550,000

3 $6,000,000

4 $4,800,000

5 $3,500,000

Discount rate= 7.5%

<u>To calculate the present value, we need to use the following formula on each cash flow:</u>

<u></u>

PV= FV/(1+i)^n

Cf1= 4,200,000/1.075= 3,906,976.74

Cf2 = 4,550,000/1.075^2= 3,937,263.39

Cf3= 6,000,000/1.075^3= 4,829,763.42

Cf4= 4,800,000/1.075^4= 3,594,242.54

Cf5= 3,500,000/1.075^5= 2,437,955.21

Total PV= $18,706,201.3

8 0

4 years ago