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3 years ago

7

A company manufactures and sells a product for 111 per unit. the company fixed costs are $59,760, and its variable costs are $81

per unit. The company's break-even point in units is:
A 750 B 311 C 738 D 1992 E 538 ?

1 answer:

inn [45]3 years ago

6 0

Think it’s seriously D

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Harris Co. is considering a 12-year project that is estimated to cost $900,000 and has no residual value. Harris seeks to earn a

masha68 [24]

Answer:

annual income = $70,292.52

Explanation:

initial outlay $900,000

in order to determine the net cash flows per year we can use the present value of an ordinary annuity:

PV = annual cash flow x annuity factor

PV = $900,000
annuity factor, 15%, 12 years = 6.1944

annual cash flow = $900,000 / 6.1944 = $145,292.52

annual cash flow = [(revenue - operating costs - depreciation) x (1 - tax rate)] + depreciation

revenue - operating costs - depreciation = annual income
tax rate = 0?
depreciation = $900,000 / 12 = $75,000

$145,292.52 = annual income + $75,000

annual income = $145,292.52 - $75,000 = $70,292.52

3 0

3 years ago

Which of the following is the BEST description of the law of demand?

34kurt

D

This is shown because when a item in demand is needed it becomes price and thus becomes lower of supply and gains value

8 0

3 years ago

After the accounts were adjusted at January 31, 2010, the end of the fiscal year, the following balances were taken from the led

Deffense [45]

Answer:

fees earned 116,400 debit

income summary 116,400 credit

--to close revenues account--

Income summary 81,050 debit

Wages Expense 29,000 credit

Rent Expense 43,000 credit

Supplies Expense 7,300 credit

Miscellaneous Expense 1,750 credit

-- to close expenses accounts--

Income summary 5,000 debit

Dividends 5,000 credit

-- to close dividends accounts--

Income summary 30,350 debit

Dividends 30,500 credit

-- to close income summary account--

Explanation:

on accounting we close the temporary accounts which are:
revenues
expenses
dividends

To do so, we will use an auxiliary account called income summary.

Once we close this we calculate the blaance of income summary using a T-account:

income summary

<u>debit credit </u>

81,050 116,400

5,000

Balance: 30.350‬

<u />

And close it as well against retained earnings

6 0

3 years ago

Write a one sentence summary of the central dispute in the case of mcculloch. v. maryland identify the key individuals and insti

insens350 [35]

McCulloch v. Maryland represented a power struggle between the State and Federal law. It was a landmark decision by the Supreme Court of the United States. The state of Maryland had attempted to impede operation of a branch of the Second Bank of the United States by imposing a tax on all notes of banks not chartered in Maryland. Though the law, by its language, was generally applicable to all banks not chartered in Maryland, the Second Bank of the United States was the only out-of-state bank then existing in Maryland, and the law was recognized in the court's opinion as having specifically targeted the U.S. Bank.

8 0

3 years ago

Juanita receives her paycheck and knows that her gross pay and federal tax are correct. Using the fact that Social Security tax

tensa zangetsu [6.8K]

Answer:

a. The net pay is correct.

Explanation:

Suppose the missing part of the question which is the gross pay and the federal tax is 1020.00 and 107.00 respectively.

Then, Social Security tax 6.2% of the gross pay = $\dfrac{6.2}{100}\times 1020$

Social Security tax 6.2% of the gross pay = 0.062 × 1020

Social Security tax 6.2% of the gross pay = $63.24

the Medicare tax is 1.45% of gross pay = $\dfrac{1.45}{100} \times 1020$

the Medicare tax is 1.45% of gross pay = 0.0145 × 1020

the Medicare tax is 1.45% of gross pay = $14.79

the state tax is 19% of federal tax = $\dfrac{19}{100} \times 107$

the state tax is 19% of federal tax = 0.19 × 107

the state tax is 19% of federal tax = $20.33

Hence, to determine if Juanita's net pay is correct, we have the summation of all our estimated figures minus the gross pay.

i.e

Juanita's net pay = $1020 - $(107 + 63.24 + 14.79 + 20.33)

Juanita's net pay = $1020 - 205.36

Juanita's net pay = $814.64

3 0

3 years ago