Answer:
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Explanation:
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Answer:
$6600
Explanation:
Given: Selling price= $250 per unit
Variable cost= $181 per unit.
Fixed cost= $430000.
Expected Profit= $25400.
Let´s assume the number of units sold be "x".
Revenue (R) = 
Cost of product (C)= 
∴ Cost of product (C)= 
Now, finding the number of unit sold.
Forming an equation for profit.
We know, Profit= 
⇒ 
Opening parenthesis.
⇒ 
⇒ 
Adding both side by 430000
⇒ 
Dividing both side by 69
⇒ 
∴ 
Hence, total number of units sold to earn $25400 is 6600 units.
This means that money is never circulated
Answer:
Debit Bad Debts Expense $2,939; Credit Allowance for Doubtful Accounts $2,939
Explanation:
Estimated Uncollectibles based on the past experience = $803,000 * 0.3%
=$2,409
Debit balance in allowance for doubtful accounts = $530
The total amount of Bad Debts Expense to be provided in the adjusting entry = $2,409 + $530
= $2,939
Answer:
a. Calculate earnings per share, EPS, under each of the three economic scenarios (recession, normal, expansion) before any debt is issued. = 1.38667
b. Calculate the percentage changes in EPS when the economy expands or enters a recession. = -20.00%
c. Calculate earnings per share (EPS) under each of the three economic scenarios assuming the company goes through with recapitalization. = 1.56444
d. Given the recapitalization, calculate the percentage changes in EPS when the economy expands or enters a recession. = -37.14%
Explanation: