Nicholas omgnicholas omgnicholas omgnicholas omg

When you are saving or investing, the amount of expected return you receive is based on this:

shutvik [7]

It is Based on The Risk Level. 

7 0

2 years ago

EB12.

mina [271]

Answer:

The question is incomplete. The complete question is given below:

Selling Price per unit Variable cost per unit

Product

Trunk Switch $60.00 $28.00

Gas door $75.00 $33.00

Glove Box $40.00 $22.00

Answer Trunk 240 units, Gas 240 units and Box 60 units

Explanation:

The break-even point is the activity level where the total revenue of a business exactly equals its cost. At the break-even point, the total profit made will be zero. This analysis enables a firm to determine ahead the number of units to must be produced, customers that must served in order to cover its fixed costs.

Calculation

A break-even point can be calculated as follows:

For single-product scenario:

Break-even point (in units)= Total general fixed cost for the period/ (selling price-variable cost )

Multiple-products scenario= Total general fixed cost for the period/Average contribution per unit

Total general fixed costs are period costs which remain unchanged within a given activity level and cannot be traced to be incurred for a particular product.

Trunk Gas Box

$ $ $

Selling price 60 75 40

Variable cost (28) (33) (22)

Contribution per unit 32 42 18

Cont. from a mix (sp×unit) 128 168 18

Average cont. per mix = (128+168+18)/(4+4+1)= $34.89

Break-even point (in units)= $18,840/$34.89

= 540 units

Total units to be sold to break even is 540 units. This will be distributed across the three products using the sales mix as follows:

Trunk = 4/9× 540 units= 240 units

Gas = 4/9 × 540 = 240 units

Box = 1/9 *540 = 60 units

3 0

3 years ago

Report Assessment: Givens Graphics Company was organized on January 1, 2010, by Sue Givens. At the end of the first 6 months of

Charra [1.4K]

Answer:

Givens Graphics Company

(a) Journalize the adjusting entries at June 30. (Assume adjustments are recorded every 6 months.):

1. Debit Supplies Expense $2,400

Credit Supplies $2,400

To accrue supplies used to date.

2. Debit Interest Expense $750

Credit Interest Payable $750

To accrue interest due.

3. Debit Insurance Expense $600

Credit Insurance Prepaid $600

To accrue the insurance expense for 4 months.

4. Debit Consulting Fees (Unearned) $4,500

Credit Consulting Fees Earned $4,500

To accrue earned consulting fees.

5. Debit Accounts Receivable $2,000

Credit Graphic Revenue Earned $2,000

To accrued earned revenue.

6. Debit Depreciation Expense $1,000

Credit Accumulated Depreciation $1,000

To record depreciation charge for six months.

(b) Adjusted trial balance:

Cash $ 9,500

Accounts Receivable 16,000

Equipment 45,000

Insurance Expense 600

Insurance Prepaid 1,200

Salaries Expense 30,000

Supplies Expense 2,400

Supplies 1,300

Advertising Expense 1,900

Rent Expense 1,500

Utilities Expense 1,700

Notes Payable $ 20,000

Interest Expense 750

Interest Payable 750

Depreciation Expense 1,000

Accumulated Depreciation 1,000

Accounts Payable 9,000

Sue Givens, Capital 22,000

Graphic Revenue 54,100

Unearned Consulting Revenue 1,500

Consulting Revenue 4,500

Total $112,850 $112,850

(ci) Income statement for the 6 months ended June 30:

Graphic Revenue $54,100

Consulting Revenue 4,500

Total Revenue $58,600

Less Expenses:

Insurance Expense 600

Salaries Expense 30,000

Supplies Expense 2,400

Advertising Expense 1,900

Rent Expense 1,500

Utilities Expense 1,700

Interest Expense 750

Depreciation Expense 1,000 $39,850

Net Income $18,750

(cii) Owner's equity statement for the 6 months ended June 30:

Sue Givens, Capital $22,000

Retained Earnings 18,750

Total Equity $40,750

(ciii) Balance sheet at June 30:

Assets:

Cash $ 9,500

Accounts Receivable 16,000

Insurance Prepaid 1,200

Supplies 1,300

Equipment 45,000

Total Assets $73,000

Liabilities + Equity:

Notes Payable $ 20,000

Interest Payable 750

Accumulated Depreciation 1,000

Accounts Payable 9,000

Unearned Consulting Revenue 1,500

Sue Givens, Capital 22,000

Retained Earnings 18,750

Total Liabilities + Equity $73,000

Explanation:

a) Unadjusted Trial Balance at June 30:

Cash $ 9,500

Accounts Receivable 14,000

Equipment 45,000

Insurance Expense 1,800

Salaries Expense 30,000

Supplies Expense 3,700

Advertising Expense 1,900

Rent Expense 1,500

Utilities Expense 1,700

Notes Payable $ 20,000

Accounts Payable 9,000

Sue Givens, Capital 22,000

Graphic Revenue 52,100

Consulting Revenue 6,000

Total $109,100 $109,100

b) Adjusting Journal Entries are end of period adjustments (accrued expenses and revenue, unearned revenue and prepaid expenses, and depreciation charges) made to the accounts to match them to the accrual basis of generally accepted accounting principles.

6 0

3 years ago

This circle graph shows the results of a survey that asked people to identify their favorite type of music. What percent of peop

insens350 [35]

Answer:

answer 45

Explanation:

6 0

3 years ago

Read 2 more answers

repare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing the

Umnica [9.8K]

Question Completion:

Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) $ 1,509,000 567,040 941,968 1,036,000 $ (94,040) In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the Accounting Department has developed the following information: Division Central $389,000 $600,000 $520,000 East West Sales Variable expenses as a percentage of sales Traceable fixed expenses 27% 36% $283,000 $336,000 $203,000

Prepare a contribution format income statement segmented by divisions Division Total Company East Central West

The Marketing Department has proposed increasing the West Division's monthly advertising by $25,000 based on the belief that it would increase that division's sales by 19%.

Answer:

Wingate Company

a. Contribution format income statement segmented by divisions

Division Total Company East Central West

Sales $ 1,509,000 $389,000 $600,000 $520,000

Variable expenses 567,040 217,840 162,000 187,200

Contribution margin 941,960 $171,160 $438,000 $332,800

Traceable fixed expenses 822,000 $283,000 $336,000 $203,000

Non-traceable fixed expense 214,000

Net operating income (loss) $ (94,040) ($111,840) $102,000 $129,800

b. If the marketing department's proposal is implemented, the net operating loss will decrease by $38,232, i.e from $94,040 to $55,808.

Explanation:

a) Data and Calculations:

Wingate's most recent monthly contribution format income statement:

Sales $ 1,509,000

Variable expenses 567,040

Contribution margin 941,968

Fixed expenses 1,036,000

Net operating income (loss) $ (94,040)

Additional information:

Division Central East West

Sales $389,000 $600,000 $520,000

Variable expenses as a

percentage of sales 56% 27% 36%

Traceable fixed expenses $283,000 $336,000 $203,000

Increase in Division West's fixed expenses by $25,000

Expected increase in Division West's sales = 19%

Contribution format income statement segmented by divisions

Division Total Company East Central West

Sales $ 1,509,000 $389,000 $600,000 $520,000

Variable expenses 567,040 217,840 162,000 187,200

Contribution margin 941,968 $171,160 $438,000 $332,800

Traceable fixed expenses 822,000 $283,000 $336,000 $203,000

Non-traceable fixed expense 214,000

Net operating income (loss) $ (94,040) ($111,840) $102,000 $129,800

Based on new proposal:

Contribution format income statement segmented by divisions

Division Total Company East Central West

Sales $ 1,607,800 $389,000 $600,000 $618,800

Variable expenses 602,608 217,840 162,000 222,768

Contribution margin 1,005,192 $171,160 $438,000 $396,032

Traceable fixed expenses 847,000 $283,000 $336,000 $228,000

Non-traceable fixed expense 214,000

Net operating income (loss) $ (55,808) ($111,840) $102,000 $168,032

5 0

3 years ago