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makvit [3.9K]
2 years ago
14

A product sells for $275 per unit, and its variable costs are 68% of sales. The fixed costs are $345,600. What is the break-even

point in sales dollars? (Do not round intermediate calculations.)
Business
1 answer:
exis [7]2 years ago
5 0
Hiiiiiiiiiiiiiiiiiiiiiiiiiiiiii
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If the beginning balance of the Accumulated Depreciation—Equipment account is $10,000 and an adjusting journal entry is recorded
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Answer:

B. $12,500

Explanation:

Accumulated depreciation is the cumulative depreciation of an asset up to a single point or current point in its life.

Each period, the depreciation expense recorded in that period is added to the beginning accumulated depreciation balance. Therefore when there's an entry of depreciation of an equipment, the current value is added to the previous total of the old entry. Therefore the balance of the the depreciation after current entry is the beginning balance of the depreciation plus the balance entered into the record.

In this case, the beginning balance was $10,000 and the entry was $2,500

Hence, balance of accumulated depreciation account after entry is 10000 + 2500 = $12,500

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The investment treasury bonds account must be debited by $50,500 which includes the face value of the bonds ($50,000) and the broker's commission ($500). Investment accounts only record the purchase price of the bonds, they do not record any accrued interests.

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