A______is a breakdown of a project into its various component parts with the

Ferkil Corporation manufacturers a single product that has a selling price of $25.00 per unit. Fixed expenses total $65,000 per

Jlenok [28]

Answer:

8,000 units

Explanation:

Given that,

Selling price = $25.00 per unit

Total fixed expenses = $65,000 per year

Break even sales in units = 6,500

Target profit = $15,000

Break-even sales in dollar value:

= Break even sales in units × Selling price per unit

= 6,500 × $25.00 per unit

= $162,500

Break-even Point = Fixed Costs ÷ Contribution Margin per Unit

$162,500 = $65,000 ÷ Contribution Margin per Unit

Contribution Margin per Unit = $65,000 ÷ $162,500

= $0.4 per unit

Sales amount:

= (Fixed costs + Target profit) ÷ Contribution margin per unit

= ($65,000 + $15,000) ÷ $0.4 per unit

= $200,000

Therefore,

Sales in units = Sales in amount ÷ Selling price per unit

= $200,000 ÷ $25

= 8,000 units

5 0

3 years ago

At December 31, Hawke Company reports the following results for its calendar year.

kodGreya [7K]

The adjusting entries for acknowledging the bad debts would be:

a). Bad Debts Expense $50 640

Allowance for Doubtful Accounts $50 640

b). Bad Debts Expense $48089.1

Allowance for Doubtful Accounts $48089.1

Bad debts:

Bad debts are described as debts that are unable to be recovered from their respective debtors.

The key reasons for this could be:

The debtor is bankrupt and cannot pay the amount.
The debtor flees away and thus, can't be compelled to pay.

The given amounts are obtained as follows:

a). Given that,

Bad debts is 1.5% of credit sales.

Credit Sales = $3,376,000

Bad debts = 1.5% of $3,376,000

∵ Bad debts = 1.5/100 * $3,376,000

= $50 640

b). Given that,

Bad debts = 1 % of total sales.

Total Sales = Credit sale + Cash sale

= $3,376,000 + $1,432,910

= $4808910

Bad debts = 1% of 4808910

∵ Bad debts = 1/100 * $4808910

= $48089.1

Learn more about 'Journal entries' here:

brainly.com/question/17439126

3 0

3 years ago

When Patey Pontoons issued 6% bonds on January 1, 2018, with a face amount of $600,000, the market yield for bonds of similar ri

Sliva [168]

Answer:

1.- issued at : $579,378

2.- the schedule is attached.

3 and 4.- journal entries

cash 579,378 debit

discount on bonds payable 20,622 debit

bonds payabe 600,000 credit

--to record issuance-------

interest expense 20278.23 debit

discount on bonds payable 2278.23 credit

cash 18000 credit

--to record June 30th payment---

5.-At December 31th 2018 will report as follow:

bonds payable 600,000

discount on bonds (15,986)

net 584,014

6.- it will report interest expense for:

20,278.23 June

20,357.97 December

total: 40.636,2‬

7.- maturity:

interest expense 20,898.55

discount on bonds payable 2,898.55

cash 618,000

Explanation:

For the value of the bonds at issuance, we will calcualtethe present value of the coupon payment and the maturity at market rate.

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 18,000 ( 600,000 x 0.06/2)

time 8 (4 years x 2 payment per year

rate 0.035(market rate / 2)

$18000 \times \frac{1-(1+0.035)^{-8} }{0.035} = PV\\$

PV $123,731.1997

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 600,000.00

time 8.00

rate 0.035

$\frac{600000}{(1 + 0.035)^{8} } = PV$

PV 455,646.93

PV c $123,731.1997

PV m $455,646.9337

Total $579,378.1334

for the schedule we will multuply the carrying value by the market rate.

the ncompare with the proceed in cash to know the amortizaiton.

This amortization will increase the carrying value of the loan.

5 0

2 years ago

Having just finalized its new tablet design, Epic Electronics's marketing team plans to begin a rollout with ________ to only on

wlad13 [49]

Answer:

Exclusive distribution; Selective distribution; Intensive distribution

Explanation:

Exclusive distribution refers to the phenomenon where only certain retailers are given the opportunity to carry the product in their retailer shops. For example as in the above case, only one store is exclusively chosen.

Selective distribution is that retailers are carefully selected to engage in the product of selling. For example only a few stores are engaged with in the above question.

Intensive distribution is when all kind of retailers are given the opportunity to keep the products in their shops. For example the last phase described in the question where all sorts of retailers are engaged in selling activity.

4 0

3 years ago

What are OPR sanctions

Arada [10]

OPR stands for Office of Professional Responsibility. OPR is a governing body that announces disciplinary sanctions. The OPR sanctions involves attorney, certified public announcements, appraisers, etc. OPR sanctions are disciplinary sanctions that are imposed when any violation of applicable standards occur.

4 0

3 years ago