Answer:
$2,553,191
Explanation:
The formula to compute the break even point in dollars amount is presented below:
= (Fixed cost ) ÷ (Profit volume ratio)
where,
Fixed cost = $300,000
And the profit volume ratio would be
= (Contribution margin) ÷ (Sales) × 100
We assume the sales be 100%
So, the variable cost is
= 88.25%
And, the contribution margin is
= 100 - 88.25
= 11.75%
So, the break even sales would be
= $300,000 ÷ 11.75%
= $2,553,191
Answer:
Supply increase and demand decreases
If the price elasticity of demand for Mountain Dew is 4.4 then "mountain dew has a high price elasticity of demand".
<u>Answer:</u> Option D
<u>Explanation:</u>
In economics "Price elasticity of demand" (PED) is a metric required to illustrate the flexibility or elasticity of a product or service's required quantity to increase its value when nothing but the value of product vary. When mountain dew have price elasticity of demand is 4.4 this follows that a price increase of 10 percent would result in the quantity needed decline by 44%
as illustrated below:
4.4 = (% quantity change) / (% price change)
4.4 = x / 10
x = -4.4 (10) = -44% here negative sign shows decline in quantity required.
Answer:
The net realizable value of Accounts Receivable = 1,985,538
Explanation:
The journal entry will be: Allowance for Uncollectible Accounts (Debit - Decreased) 6,000 and Accounts Receivable (Credit - Decreased) 6,000.
After the journal entry the credit balance in the Allowance for Uncollectible Accounts will be: 2,005,000 - 6000 = 1,999,000, and the debit balance in Allowance for Uncollectible Accounts will be: 19,462 - 6,000 = 13,462.
Then net realizable value of Accounts Receivable will be: 1,999,000 - 13,462 = 1,985,538.
Answer:
DR Work in Progress Account $39,650
DR Factory Overhead Account $18,440
CR Wages Payable $58,090
(To record factory Labor Costs)
Workings
Work in Progress
Standard policy is to send the direct cost of Labor to the Work in Progress Account.
The Total direct cost of labor are all of the above except the Indirect cost.
= 3,460 + 2,870 + 5,260 + 5,950 + 3,630 + 2,380 + 16,120
= $39,650