Which account is an example of a contra-expense account?
2 answers:
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Answer:
cost of expansion = $1389859.55
Explanation:
Given data:
Original size = 185,000 ft^2
New expansion = 25000 ft^2
capacity component = 0.62
total cost for original size of clinic is = $17 million
Size of new clinic = 185,000 + 25,000 = 210,000 ft^2
cost of new clinic
cost of new clinic =
cost of new clinic = $18,389,859.56
cost of expansion = cost of 210,000 ft^2 - cost of 185,000 ft^2
= 18,389,859.56- 17,000,000
cost of expansion = $1389859.55
Answer:
Cost volume profit analysis (CVP) refers basically to determining the break-even point of a company and how we can use that information to predict how different changes might affect it. When you are performing a CVP analysis you have to decide which variables will be constant, i.e. ceteris paribus, and which will be altered to predict the effect on the company’s operating income.
1)
sales level total revenue variable costs fixed costs total costs
2,000 48,000 36,000 24,000 60,000
4,000 96,000 72,000 24,000 96,000
6,000 144,000 108,000 24,000 132,000
8,000 192,000 144,000 24,000 168,000
2) break even point = 4,000 units
Answer:
$6,000
Explanation:
Purchase price = $75,000
Remaining life = 75 months
The amortization amount for each month (Am) is given by the total purchase price divided by the remaining life of the copyright.
Since the purchase was made in July, there are 6 months left in the current year. Therefore, Jorge's total amortization amount during the current year is: