Answer:
600 units
Explanation:
The computation of the units sales is shown below:
= (Fixed expenses + target profit) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $134 per unit - $67 per unit
= $67 per unit
And, the other items values would remain the same
Now placing these values to the above formula
So, the value would equal to
= ($32,300 + $7,900 ) ÷ ($67)
= ($40,200) ÷ ($67)
= 600 units
Answer:
The correct answer is option A.
Explanation:
Producer surplus can be defined as the difference between the price that the sellers are willing to accept and the actual price the get for the product.
Graphically representing, it is the area above the supply curve and below the actual price. This area indicates the total benefit that the producer is earning by supplying the product at actual price.
Producer surplus acts as a measure of producer welfare and is equal to the difference between total revenue earned and the total cost incurred in the production process.
Answer:
Option C,$2,997 is the correct answer.
Explanation:
The amount to be paid in quarterly installments over a 5 year period is the list price less the down payment and the trade-in value of $10,000 as shown below.
list price $65,000
down-payment ($6,000)
trade-in-value ($10,000)
balance $49,000
The quarterly installment can be computed using the pmt formula in excel as follows:
=pmt(rate,nper,-pv,fv)
rate is the quarterly interest rate of 8%/4=2%
nper is the number of quarterly installments which is 4*5=20
pv is the present value of the amount to be paid in installments which is $49000
fv is the future value ,it is not unknown,hence it is zero
=pmt(2%,20,-49,000,0)
=$2,996.68
approx.$$2,997
Answer:
E. None of these answer choices are correct.
Explanation:
Upon receipt of the advance payment from Cactus Jack, Nike should debit its Cash Account and credit Deferred Revenue by $300,000. When the equipment is delivered to Jack and the additional $100,000 is received, the Deferred Revenue account is debited with $300,000 while the Sales Revenue is credited with $400,000 with additional debit to the Cash Account of $100,000.