Answer:
Instructios are listed below.
Explanation:
Giving the following information:
Laptops:
Selling price= $1,600
Cost per unit= $800
Sale mix= 40%
Tablets:
Selling price= $850
Cost per unit= $350
Sale mix= 60%
The estimated fixed costs for the current year are $2,498,600
A) Break-even point (units)= Total fixed costs / (weighted average selling price - weighted average variable expense)
Weighted average selling price= (1600*0.40) + (850*0.60)= $1,150
Weighted average variable expense= (800*0.40) + (350*0.60)= 530
Break-even point (units)= 2,498,600 / (1150 - 530)= 4,030 units
B) Laptops= 4030*0.40= 1,612 units
Tablets= 4030*0.60= 2,418 units
Answer:
The Journal entries are as follows:
(i) On January 1, 2017
Plant Assets A/c Dr. $600,000
To cash $600,000
[To record the depot]
(ii) On January 1, 2017
Plant Assets A/c Dr. $41,879
To To Asset retirement obligation $41,879
[To record the Asset retirement obligation]
Missing information: Based on an effective-interest rate of 6%, the present value of the asset retirement obligation on January 1, 2017, is $41,879.
In the elastic portion of the demand curve.
Answer:
See below
Explanation:
Computation of Cash flow
Net cash provided by operating activities
$140,000
Less:
Net cash used for investing activities
($86,000)
Less:
Net cash provided by financing activities
(64,000)
Ending cash balance
($10,000)
Therefore, Lee would expect free cash flow of ($10,000) for 2024.
