Answer:
(a) 2,125 units
(b) 1,417 units
Explanation:
Given that,
Selling price = $60 per unit
Variable cost = $20 per unit
Fixed costs = $85,000
(a) Contribution margin per unit:
= Selling price - Variable cost
= $60 - $20
= $40
Break-even point in sales units:
= Fixed costs ÷ Contribution margin per unit
= $85,000 ÷ $40
= 2,125 units
(b) If the selling price increased to $80 per unit,
Contribution margin per unit:
= Selling price - Variable cost
= $80 - $20
= $60
Break-even point in sales units:
= Fixed costs ÷ Contribution margin per unit
= $85,000 ÷ $60
= 1,417 units
Answer:
Cost of goods sold = $6408
Explanation:
given data
beginning inventory = 79 units
cost = $18 per unit
purchased = 485 units
each cost = $18
totaled = 356 units
Sales = $43 each
to find out
cost of goods sold using the LIFO method
solution
we get here Cost of goods sold using LIFO would be here
Cost of goods sold = 356 units @ $18 per unit .................1
Cost of goods sold = 356 × $18
Cost of goods sold = $6408
Stockholders' equity is increased by revenues.
<h3>What is stockholders' equity?</h3>
Stockholders' equity is the total assets of a firm less the total liabilities. According to the accounting equation, stockholders' equity = assets - liabilities.
Factors that cause asset to increase or liabilities to reduce increases stockholder's equity. For example, an increase in revenue increases stockholder's equity or a decrease in expenses increases stockholder's equity.
To learn more about stockholder’s equity, please check: brainly.com/question/26210654
Answer:
the value of the quick ratio is 1.11 times
Explanation:
The computation of the value of the quick ratio is shown below:
Quick Ratio = Total Quick Assets ÷ Total current liabilities
= [Cash + Accounts Receivables] ÷ Accounts Payable
= [$145 + $99] ÷ $219
= $244 ÷ $219
= 1.11 Times
Hence, the value of the quick ratio is 1.11 times