Break-even point (in dollar sales):
Determine the monthly break-even point for the new toy in dollar sales as shown below:
Break-even point (in sales dollars) = Break-even point (in units) × Selling price per unit
=50,115 units $2.60 each
= $130,299
Thus, the break-even point (in sales dollars) is $130, 299.
The break-even point is the point at which total costs equal total sales. In other words, there is no loss or profit for small businesses. This means that we have reached a stage of production where the cost of production equals the revenue of the product. A breakeven point is used in multiple areas of business and finance.
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Answer:
d. Reported as a current asset on the balance sheet
Explanation:
Merchant inventory refers to st finished goods available for sale at any given time. Merchant inventory is commonly referred to as inventory. It is recorded as a current asset in the balance sheet.
Merchant inventory is acquired through purchasing by retailers, wholesalers, and distributors to be sold to customers. Merchant inventory will specifically refer to the unsold goods at the end of a period. It is recorded at its acquisition cost. i.e., the cost which the trader paid to obtain the merchandise.
Answer:
The answer is A copy of the record on appeal.
Explanation:
NC files a suit in state court against OV, alleging a breach of contract and renders the judgment. If the NC decided to appeal to a state appellate court attorney must file a copy of the record on appeal with prescribed period. Record on appeal contains two parts the legal file and the transcript. The record must be filled in the court within a time period of 90 days.
Answer:
$20,000
Explanation:
Calculation for the liability that should be reported for vacation pay
Using this formula
Liability=Vacation weeks*Compensation averaged per week for Year 1
Let plug in the formula
Liability=20 weeks × $1,000 per week
Liability = $20,000
Therefore the amount of liability that should be reported for vacation pay will be $20,000