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Helen [10]
3 years ago
15

If the selling price per unit is​ $66, variable expenses per unit are​ $41, target operating income is​ $31,000, and total fixed

expenses are​ $21,000, how many units must be sold to reach the target operating​ income?
Business
1 answer:
Murrr4er [49]3 years ago
4 0

oi oi siempre todos

Explanation:

mmm... los dias es ooh oop

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On January 1, 2005 Franz Company purchased a truck that cost $22,000. The truck had an expected useful life of 5 years and a $4,
allochka39001 [22]

Answer: The amount of depreciation expense recognized in 2006, using the double declining balance method is $5,280.

And the journal entries required are:

Debit Depreciation expense                     $5,280

Credit Accumulated depreciation             $5,280

Explanation: The double-declining method is otherwise known as reducing balance method. It is usually derived by using the formula below:

Double-declining depreciation = 2 X SLDP X BV

Where SLDP = straight-line depreciation percentage

           BV = Book value of the asset (Cost minus depreciation)

So using the straight-line depreciation method, we need to remove the salvage value from the cost and then divided by 5 years. That is, ($22,000 - $4,000) / 5 years = $3,060 yearly depreciation expense.

However, under the double-declining method, we need to divide the 100% by the useful life of the asset first to get the SLDP then multiply by 2, that is, 100%/5 years = 20% x 2 = 40%.

So 40% x $22,000 in year 1 (December 31, 2005) is $8,800

In year 2 (December 31, 2006), 40% x $13,200 ($22,000 - $8,800) = $5,280 and so on. The depreciation expense would stop immediately it falls below the salvage value of $4,000.

So the book value of the asset at the end of year 2 is $7,920 ($13,200 - $4,000 accumulated depreciation).

5 0
3 years ago
Read 2 more answers
Royal Lawncare Company produces and sells two packaged products—Weedban and Greengrow. Revenue and cost information relating to
slega [8]

Answer:

Contribution is sales revenue less variable cost. In multiple products environment, it is important that the producer have information about the performance of each product. This is useful for decision making purpose. See income statement below

Explanation:

An income statement showing contribution would suffice:

       Royal Lawrence Company

                                                                  Income statement

                                                      Weedban Greengrow Total

                                                                    $                   $                   $

Sales (sp/unit × unit)                            315,000   900,000         1,215,000

Variable cost (Vc/unit × units)              (<u>98,000)</u>      (<u>325,000)</u>  (<u>423,000)</u>

Contribution                                           217,000      575,000   792,000

Specific fixed cost                              <u>  (132,000)</u>   <u> (37,000) </u> <u>(169,000)</u>

Product profit                                   85,000     538,000   623,000

Common Fixed cost                                                     <u>(100,000)</u>

Total profit                                                                     <u>523,000 </u>

4 0
3 years ago
Read 2 more answers
When the price of a good increases, the quantity demanded ______. when the price of a good decreases, the quantity demanded?
VLD [36.1K]
When the price of a good increases, the quantity demanded decreases. When the price of a good decreases, the quantity demanded increases.
4 0
3 years ago
During the past month, Jennifer Johnson had income of $3,500. During the month, her net worth declined by $300. If no other fina
Fiesta28 [93]
I think Jennifer’s payment for the month is 3,800
7 0
3 years ago
Deb has found it very difficult to repay her loans. Because of these difficulties, the bank decided to forgive one of her most r
sergejj [24]

Answer:

$15,000

Explanation:

Total Assets-Remaining liabilities=Solvency

$232,000-$217,000=$15,000

If the waiver of loan makes the taxpayer solvent,then the extent by which he is solvent will be included in his/her gross income.

6 0
3 years ago
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