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777dan777 [17]
3 years ago
9

Violet Industries held an annual meeting and reported a new annual budget of $50,000 in total fixed expenses. The new selling pr

ice per unit is $58, and the new variable expense per unit is $30. If the manager can reduce fixed expenses by another $10,000, what is the effect on breakeven sales
Business
1 answer:
Lapatulllka [165]3 years ago
3 0

Answer:

d

Explanation:

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Performance Obligation Fulfilled Over Time Philbrick Company signed a three-year contract to develop custom sales training mater
MAXImum [283]

Answer:

Philbrick Company

Performance Obligation Fulfilled Over Time

Computation of the revenue, expense, and gross profit:

Year    Number of     Development     Sales            Gross

          Employees    /Training Cost     Value            Profit

2019          150            $ 55,000           $165,000      $110,000

2020       250               70,000             275,000      205,000

2021         100               20,000               110,000        90,000

Total       500          $145,000          $550,000   $405,000

Explanation:

a) Data and Calculations:

Contract price = $1,100 per employee

No. of employees to be trained = 500

Total contract value = $550,000 ($1,100 * 500)

Expected Development and Training Costs:

Year    Number of     Development

          Employees    /Training Cost

2019          150                $ 55,000

2020       250                    70,000

2021         100                    20,000

Total       500               $145,000

6 0
3 years ago
Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Liabilities of $77.152 million Cash of $6.030 millio
jonny [76]

Answer:

$45.027 million

Explanation:

The accounting equation shows the relationship between the various elements of the balance sheet. These are the assets, liabilities and equity. It is given as

Assets = Liabilities + Equity

The owner's equity is made up of the common stock and retained earnings (which is the net income less dividend paid over the period).

Equity = $125.989 million - $77.152 million

= $48.837  million

Retained earnings = Equity - Common stock

= $48.837  million - $3.810 million

= $45.027 million

Digby Corporation's retained earnings is $45.027 million

5 0
2 years ago
A limited liability company is created through filing the ________ with a state official.
krok68 [10]

The formation of a limited liability company is accomplished by filing the limited liability company (with a state official.

A limited liability company is a corporate structure that protects its owners from being personally sued for repayment of the company's debts or liabilities (LLC).

How we form an LLC?

  • Although the rules for LLCs differ per state, there are some broad similarities. The first step for owners or members is to pick a name.
  • Articles of incorporation are filed, together with a fee paid to the state. After that, the articles of incorporation can be recorded and filed with the state.
  • These articles define each LLC member's rights, responsibilities, powers, liabilities, and other obligations.
  • The paperwork also include the names and addresses of the LLC's members, the name of the registered agent, and the company statement of purpose.

To learn more about LLC

Visit: brainly.com/question/14151441

#SPJ4

3 0
1 year ago
Small Company was liquidated in the current year by Parent Company, its sole shareholder. Parent received the following assets o
zlopas [31]

Answer:

$95,000 Capital Gain

Explanation:

First, note that during liquidation, the fair market value should be used for the valuation of assets

<u>Step 1: Calculate the Net Assets taken over at Fair Market Value</u>

Total Assets at the Market Value = $340,000

Subtact: Liabilities (land Mortgage) = ($40,000)

The Net Asset at Fair market value = $300,000

Step 2: Calculate the Capital Gain  or loss from the Liquidation

fair Value of Net Assets Taken Over              = $300,000 (from step 1)

Subtract: The Common stock of Small Com. = ($205,000)

The Capital Gain                                              = $95,000

6 0
2 years ago
You purchase shares with a market price of $60 using an 80% margin requirement. If the maintenance margin is 30%, before you wou
nevsk [136]

Answer:

$17

Explanation:

A margin requirement refers to the percentage of marginable securities which an investor is required to pay for using cash from his own pocket. Therefore, the remaining percentage is is a margin loan percentage.

Since margin requirement in the question is 80%, it implies that the remaining 20% is a percentage of margin loan. We therefore have:

Cash payment = $60 × 80% = $48

Margin loan = $60 × 20% = $12

Maintenance margin refers to the the least equity amount an investor must have in his account. Whenever the equity amount falls below the maintenance margin requirement (MMR), there will be a margin call which requires the investor to deposit additional cash.

From the question, the level at which the price could fall to trigger a margin call can be calculated as follows:

Market price level = Margin loan ÷ (1 - MMR) .......................... (1)

Where,

MMR = Maintenance margin requirement = 30% = 0.30

Substituting for margin loan and MMR in equation (1), we have:

Market price level = $12 ÷ (1 - 0.30) = $12 ÷ 0.70 = $17.14

Market price level = $17 approximately

Therefore, the market price could fall to $17 approximately before a margin call could be triggered.

8 0
2 years ago
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