True or False:

Olongapo Sports Corporation is the distributor in the Philippines of two premium golf balls-the Flight Dynamic and the Sure Shot

Goshia [24]

= Fixed Expenses/Weighted Average CM Ratio

Break-even point = P183,750 / (210,000/400,000)

= P350,000

The break-even point is the point at which total costs equal total sales, and there is no loss or profit for a small business. This means that we have reached a production stage where production costs are comparable to product sales.

The break-even point is used in several areas of economics and finance. In accounting terms, it refers to the level of production at which the total revenue from production equals the total cost of production. In investing, the break-even point is the point at which the original cost equals the market price.

Learn more about the break-even point at

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3 0

2 years ago

What effect does the entry of new firms have on the economic profits of existing firms? When new firms enter a monopolistically

Ronch [10]

Answer:

decrease and demand curve will shift to the left.

Explanation:

When new firms enter a monopolistically competitive market, the economic profits of existing firms will decrease. This is because, new firms enter an existing market if they spot a profit opportunity . The entry of these new firms will therefore increase the quantity of products or services supplied in the market which gives consumers more choices and substitutes. As a result, the demand curve of the existing firms will also shift to the left. because their

7 0

4 years ago

Imagine that there are two economies in the world: Bostonia and New Yorkland. Bostonia's currency is the sock and New Yorklan

BigorU [14]

Answer:

Yank appreciates in relation to Sock

Explanation:

A contractionary monetary policy either results in increased interest rates in New Yorkland or reduced money supply or both.

Increased interest rated would mean that people would save more to take advantage of an increased saving rate. This would cause people to save money and thus reduce the supply of money. The law of demand and supply suggests that lesser supply would up the price that is it would appreciate. This is also true as people in Bostonia may also want to save in New Yorkland thus reducing the supply further as they demand more Yank.

Reducing the money supply any other way would mean as both countries are trade partners there will be demand for Yank but as supply is constricted, it would again appreciate.

Hope that helps.

3 0

3 years ago

On June 1, 2017, Windsor, Inc. was started with an initial investment in the company of $22,420 cash. Here are the assets, liabi

vfiekz [6]

Question Completion:

Prepare an Income Statement for the month of June.

Answer:

Windsor, Inc.

Income Statement for the month ended June 30, 2017:

Service Revenue $7,730

Supplies expense 1,100

Maintenance and

repairs expense 700

Advertising expense 400

Utilities expense 200

Salaries and

wages expense 1,630 $4,030

Net Income $3,700

Explanation:

Windsor, Inc. Income Statement is where the revenues and expenses are summarized in order to arrive at the net income or profit of the business. Temporary accounts are closed to the income statement. These are accounts that are periodic in nature. They are not permanent accounts, which are transferred to the next period. The only element of the income statement that is taken to the balance sheet is the net income or loss.

3 0

4 years ago

The 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $2.7 million, and the 2015 balance sheet showed lon

Gwar [14]

Answer:

$1,311,000

Explanation:

The computation of the operating cash flow is shown below:

As we know that

Operating cash flow = Cash flow from assets + capital spending - change in net working capital

where,

Cashflow from Assets = Cashflow to Creditors + Cashflow to Stakeholders

Cashflow to Creditors = Interest paid - Change in long term debt

= $140,000 - ($2,950,000 - $2,700,000)

= -$110,000

Now

Cashflow to Stakeholders

= Dividends paid - New issuance of the equity

= $500,000 - (($500,000 + $3,500,000) - ($460,000 + $3,200,000))

= $160,000

So,

Cashflow from Assets is

= -$110,000 + $160,000

= $50,000

Now

Operating cashflow is

= $50,000 + $1,320,000 + (-$59,000)

= $1,311,000

7 0

3 years ago