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Basile [38]
3 years ago
14

BruceCo is planning on selling coffee cups for $14 each. The company can buy the cups for $2.00 and have them printed for $1.50.

The package costs fifty cents. There is a one-time set up charge from the printer of $1,000. How many coffee cups will BruceCo have to sell in order to break even?
Select one:
a. 72
b. 250
c. 100
d. cannot be determined with this information
e. 84
Business
1 answer:
s2008m [1.1K]3 years ago
4 0

Answer:

72

Explanation:

Add all the expenses together ( $2.00 + $1.50 + 0.50 +1,000 = 1004) divide 1004 by $14 to get 72

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Sanders Corporation issued $ 470,000 of 9​%, ​10-year bonds payable at a price of 91. The market interest rate at the date of is
enyata [817]

Answer:

D. Date Accounts and Explanation Debit Credit Interest Expense 21,385 Discount on Bonds Payable 235 Cash 21,150

Explanation:

The journal entry is shown below:

Interest expense $21,385

     To Discount on bond payable $235

     To Cash $21,150

(Being the interest expense is recorded)

The computation is given below:

The interest expense is

=  $470,000 ÷ 100 × 91 × 10% ÷ 12 months × 6 months  

= $21,385

The cash is

= $470,000 × 9% ÷ 12 months × 6 months  

= $21,150

And, the remaining balance is credited to discount on note payable

We simply debited the interest expense as it increased the expenses and credited the cash as it reduced the assets plus the remaining amount is credited to discount on bond payable

3 0
3 years ago
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Anna007 [38]
Budget resolutions is the answer
3 0
3 years ago
Planned sales for June this year are $120,000. Last year, the actual sales for June were $110,000. Determine the planned percent
Leni [432]

Given that the planned sales for June this year are $120,000 and that last year's actual sales for the month of June were $110,000, there is a 9.09% increase in sales for the month.

The actual increase in sales is $10,000 ($120,000 - $110,000) or ($110,000 x 1.0909 - $110,000)

Data and Calculations:

Planned sales for June, this year = $120,000

Actual sales for June,last year = $110,000

Planned percent increase in sales for June = 9.09% ($10,000/$110,000 x 100)

Thus, the planned percentage increase in sales for the month is 9.09%.

Learn more: brainly.com/question/17194869

6 0
3 years ago
If a company paid $38,000 of its accounts payable in cash, what was the effect on the accounting equation? Multiple Choice Asset
Tom [10]

Answer:

Assets increase by $75,000 and liabilities increase by $75,000.

Explanation:

6 0
2 years ago
Gotiable sells straw hats for $24 each. The April inventory purchases are summarized below. Gotiable sold 142 hats at a hat fest
natulia [17]

Answer and Explanation:

The computation is shown below:

1.

<u>Particulars        Units                 Unit Cost           Dollars </u>

Beg. Inv.             84                      $3                    $252

Apr-02                75                      $4                    $300

Apr-14                  66                     $7                    $462

Apr-23                  52                    $8                    $416

Total                      277                                            $1,430

Average cost of one hat is

= Total cost of purchases ÷ Units purchased

= $1,430 ÷ 277 units

= $5.16  

2.  

Ending Inventory in Units = Units purchased - Units sold

= 277 units - 142 units

= 135 units

Now

Value of Ending Inventory = Units in Ending Inventory × Average cost per unit

= 135 units × $5.16

= $696.60

= $697

3

Gross Margin = Units sold × (Selling Price - Cost of goods sold)

= 142 units × ($24 - $5.16)

= $2,675.28

= $2,675

3 0
3 years ago
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