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Vilka [71]
3 years ago
11

Data concerning Follick Corporation's single product appear below:

Business
1 answer:
Nadusha1986 [10]3 years ago
8 0

Answer:

$214,000

Explanation:

The computation of the break even point in dollars is shown below:

= (Fixed cost ) ÷ (Profit volume ratio)

where,  

Fixed cost = $141,240

And the profit volume ratio would be

= (Contribution margin) ÷ (Sales) × 100

= ($145.20) ÷ ($220) × 100

= 66%

where Contribution margin equal to

=  Selling price per unit - variable expense per unit

= $220 - $74.80

= $145.20

So, the break even in dollars is

= $141,240 ÷ 66%

= $214,000

This is the answer and the options that are given in the question are wrong

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research information about pmp® and capm® certifications. find at least two articles on this topic. what are benefits of certifi
NemiM [27]

A degree from a CAHIIM-accredited institution is reportedly one of the eligibility requirements for PMP® and Capm® certifications for RHIA and RHIT.

Requirements for recertification checklists

obtaining the required number of CEUs for each credential during the recertification term, not less than 80% of which must be connected to one of the AHIMA-specified HIIM domains.

completing, if appropriate, your yearly coding self-assessments (self-reviews).

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maintaining a timely CEU log.

recording your CEU activities for auditing.

paying a price for recertification.

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4 0
2 years ago
In 1998, Parker Corporation purchased land for $130,000. In 2010, Parker Company had the land appraised, and its value was estim
DochEvi [55]

Answer:

The land should be reported at $130,000

Explanation:

In this question, we have to apply one of the Generally Accepted Accounting Principle (GAAP), i.e. Historical cost principle.

Historical Cost Principle: According to this principle, the value of fixed assets should be recorded at the purchase price or book value.  

So, in the given case, the land should be reported at $130,000 irrespective of whatever amount is given in the question

5 0
4 years ago
The following information was taken from Nash Inc.'s trial balances as of December 31, 2018, and December 31, 2019.
Elina [12.6K]

Answer:

1. Calculate the net profit margin and accounts receivable turnover for 2019

Net profit margin = Net income/Net sales

Net profit margin = 36,000/(219000-4000)

Net profit margin = 16.74%

A/R turnover = Sales/Average turnover

A/R turnover = (219000-4000)/((32000+39000)/2)

A/R turnover = 6.06

2. How much does Nash make on each sales dollar?

= 36,000 / (219000-4000)

= 36,000 / 215000

= $0.17

3. How many days does the average receivable take to be paid (assuming all sales arc on account)?

Days Sales Outstanding = Average account receivables*365 / Net credit sales

Days Sales Outstanding = [((32000+39000)/2)*365] / (219000-4000)

Days Sales Outstanding = 12957500/215000

Days Sales Outstanding = 60 days

8 0
3 years ago
The purpose of this phase is to provide ongoing assistance for an information system and its users after the system is implement
prisoha [69]
I think the phase that served that purpose would be: <span>the Support and Security Phase

support and security phase is important because customers who unfamiliar with the products tend to face some difficulties in the beginning of their interaction with the production which prevents them to experiencing the maximum value of the product.</span>
7 0
3 years ago
Glenrosa Company bought inventory from Monterosa Company, FOB destination. On December 31, the last day of the accounting year,
il63 [147K]

Answer:

The correct option is (B) Monterosa

Explanation:

At the time when the goods are shipped so in the case of FOB destination the goods title would be transferred to the buyer at the time of reaching to the buyer destination as mentioned by the buyer. Till then it would be included in the seller's inventory

So as per the given situation, Monterosa should involves this goods in its closing inventory i.e. as on December 31

4 0
3 years ago
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