Answer: $1,160,000
Explanation: The Break even point depicts the amount of sales by making which the company will be at no profit or no loss situation. It can be computed using following formula :-
![Breakeven\:point=\frac{Fixed\:cost}{contribution\:margin\:ratio}](https://tex.z-dn.net/?f=Breakeven%5C%3Apoint%3D%5Cfrac%7BFixed%5C%3Acost%7D%7Bcontribution%5C%3Amargin%5C%3Aratio%7D)
where,
contribution margin = 1 - variable cost ratio
= 1 - 0.6
= 0.4
so, putting the values into equation we get :-
![Breakeven\:point=\frac{\$464,000}{0.4}](https://tex.z-dn.net/?f=Breakeven%5C%3Apoint%3D%5Cfrac%7B%5C%24464%2C000%7D%7B0.4%7D)
= $1,160,000
Answer:
Equivalent units for conversion = 40,200 units
Explanation:
Beginning Work in Process 2400 units (12,000*20%)
Completion of Work in Process 9600 units (12000*80%)
Units started and completed 27000 units (27000*100%)
Ending Work in Process <u>1200 units </u>(3000*40%)
Equivalent units for conversion <u>40,200 units</u>
Answer:
A. Company X pay bills in 19 days
Explanation:
Days Payable Outstanding indicates that the average payables are 19 days old. It is calculated by dividing the credit purchases by the average payables.
The other options are not valid due to following:
B: Company X has more equity than debt, this is negated by the Debt/ Equity ratio is 1.4 which indicates that the debt is 140 % ties of equity.
C: The Company pays bills in 20 days. It is negated by the Days payable outstanding which is 19.
D: Company pays interest in 12 days, is invalid as the Times Interest Earned indicates that the Company is earning 12 times its interest costs.
E: Company generates $ 3.10 in profit per dollar invested in assets is also not valid .
It has been hypothesized that Acheulean tools were commonly used for projectiles, butchering, and sharpening wooden spears. These tools were thought to have been used when the Acheulean's would hunt and gather. These tools served a purpose much like a knife or spear to just for everyday living.