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kozerog [31]
3 years ago
6

Knoll, inc. currently sells 15,000 units a month for $50 each, has variable costs of $20 per unit, and fixed costs of $300,000.

knoll is considering increasing the price of its units to $60 per unit. if the price is changed, how many units will knoll need to sell for profit to remain the same as before the price change?
Business
1 answer:
Lunna [17]3 years ago
3 0
Cost per unit
(300,000÷15,000)+20=40

Current profit
50×15,000−40×15,000=150,000

Profit change
60×15,000−40×15,000=300,000

units will knoll need to sell for profit to remain the same as before the price change is
(150,000+300,000)÷40=11,250
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yanalaym [24]

Answer:

correct option is c. $51,240

Explanation:

given data

fair value of Ritter  Inc = $2,120,000

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rate = 8 %

time = 5 year

bonds sold =  $2,083,160

rate = 7%

premiums July 1 =  $7,080

premiums December 31 = $7,320

solution

we get here Landis Company  comprehensive income as separate component of stockholders' equity  that is express as

comprehensive income = fair value of Ritter - ( bonds sold - premiums July 1  - premiums December 31 )  ..................1

put here value and we get

comprehensive income = $2,120,000 - ( $2,083,160 - $7,080 - $7,320  )

comprehensive income =  $51240

so correct option is c. $51,240

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3 years ago
Recording sales, returns, and discounts taken LO P2 Prepare journal entries to record each of the following sales transactions o
OLEGan [10]

Answer:

Apr. 1

J1

Trade Receivable $6,600 (debit)

Sales Revenue $6,600 (credit)

J2

Cost of Sales $3,960 (debit)

Merchandise $3,960 (credit)

Apr. 4

J1

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Apr. 8

J1

Trade Receivable $2,800 (debit)

Sales Revenue $2,800 (credit)

J2

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Perpetual method of inventory keeps a record of cost of inventory after every sale.

Thus, for every sale transaction remember to recognize the Sales Revenue and the Cost of Sales that follow the sale.

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devlian [24]

Answer:

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Explanation:

Giving the following information:

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Answer: Option (c) is correct.

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