Answer:
The break even point in units is 24000 rooms per year.
Explanation:
The break even point in units is a point where enough units are sold to earn a revenue that covers the total cost of the business and there is neither a profit nor a loss to the business. The break even point in units can be calculated as follows,
Break even in units = Fixed cost / Contribution margin per unit
Where,
Contribution margin per unit = Selling price per unit - Variable cost per unit
So,
Contribution margin per unit = 90 - 40 = $50
Break even in units = 1200000 / 50 = 24000 units
Answer:
B
Explanation:
Here, in this question, we are asked to determine the decrease in notes payable that peachtree should record in the first year.
To determine this, we proceed as follows;
Interest payment for the first year = 30000*7% i.e 2100
Principal amount paid = Total amount paid - Interest amount
= 7317 -2100 i.e 5217
Notes payable should be reduced by 5217
Answer:
Net Income for the year is $95,000.
Explanation:
The income which is calculated by deducting all the related expense from the revenue even after interest and taxes. Net Income is the amount which is available to distribute amount the stockholders, either preferred or common.
As we know
Net Income = Revenue - Expenses
Revenue = $164,000
Expenses = $69,000
Net Income = $164,000 - $69,000
Net Income = $95,000
Answer:
$481,000
Explanation:
To determine the cash flows from operating activities, the net Income for the year must be adjusted by non - cash items and changes in working capital items.
Therefore, given a decrease in Accounts Receivable $17,000 ($131000 - $114000) . Then the cash flows from operating activities to be reported on the statement of cash flows is $481,000 ($498000 - $17,000) .
Answer: Safety Engineering
Explanation:
Iron Craft Incorporated is applying Safety Engineering to make their working environment more secure to work in.
Safety Engineering is the part of engineering involved in removing hazards from the working environment of an industry to make the work place safer for workers of that organization.
