Answer:
9,400 units
Explanation:
The breakeven point is the number of units that must be sold for the company to make neither a loss nor a profit. A target profit is the net of the sales less the sum of the fixed and variable expenses. The contribution margin is the difference between the sales and variable cost.
Sales per unit = $210,000/7000 = $30
Variable cost per unit = $136,500/7000 = $19.50
Let the number of units to be sold to achieve the profit target be x
30x - 19.5x - 67200 = 31500
10.5x = 98700
x = 98700/10.5
x = 9,400 units
Answer:
C. Sleeping in late and waking up early.
Explanation:
Two or more events are said to be mutually exclusive if and only if they can't happen at the same time.
Going with the above brief analysis, we.can easily say which of the pair of events is not mutually exclusive.
1. Rolling a 4 on a six-sided die and on a four-sided die
It's 100% possible to have an outcome of 4 when a 4 sided die and when a 6 sided die are rolled, whether at the same time or on different occasions. So, this pair of events are not mutually exclusive
2. Making rice and making corn
This pair of events are not mutually exclusive because it's possible to make rice and corn at the same time either together as a meal or separately using different cooking utensils
3. Sleeping in late and waking up early
This pair of events are mutually exclusive. This is so because literally, it's not possible to sleep late and wake up early at the same time.
You sleep early to wake early and you sleep late to wake late.
4. Going to work and riding the bus.
This pair of events are not mutually exclusive because they can occur at the same time when you go to work a bus.
So, option C is the correct answer
Answer:
For conversion costs, the equivalent units of production are 1,610 units. The right answer is B
Explanation:
According to the given data we have the following:
begging work in progress = 280 units
units started=1450 units
Therefore, total input= 280 units + 1450 units
Total input = 1730 units
There is end work in process of 120 units
Therefore, the equivalent units of production are=Total input-end work in process
The equivalent units of production=1,730 units-120 units
The equivalent units of production=1,610 units
For conversion costs, the equivalent units of production are 1,610 units
Answer:
Robinson's deferred income tax expense or benefit for the current year would be $6,700
Explanation:
The computation of the deferred income tax expense or benefit for the current year is shown below:
= Deferred tax expense - adjustment of tax based on the tax rate
where,
Deferred tax expense = (Favorable temporary differences - unfavorable temporary differences) × corporate tax rate
= ($50,000 - $20,000) × 21%
= $6,300
And, the adjustment of tax equals to
= Net taxable temporary difference × (Tax rate - corporate tax rate)
= $100,000 × (34% - 21%)
= $13,000
Now put these values to the above formula
So, the value would equal to
= $6,300 - $13,000
= $6,700
Answer:
skimming prices
Explanation:
Based on the scenario being described it can be said that it can be concluded that Timber Guitars has adopted the strategy of skimming prices. This is a a pricing strategy in which a company or marketer sets a relatively high starting price for their products in the beginning of introducing it into the market, then only after some time has passed do they begin to lower prices slowly. Which is what Timber Guitars has done by placing the guitar at a very high price and only lowering it after a good quantity were sold.
