Contribution for Standard is $30 per unit and Supreme is $60 per unit, Thus if Fixed expenses are first divided between the two products on the basis of Contribution per unit, It can be calculated as below:
Fixed Expense Bifurcated on basis of Contribution per unit= 30:60
Which Comes to 1:2
Thus it will be bifurcated as $1200000 for Supreme and $600000 for Standard
Thus for Standard to break even it Requires to Sell the below no of units:
Break Even Point in units=
Break Even Point in units=
Break even points in units=20000 units
Answer:
Howdy Doody show in the 2018 income statement as income from this investment is $24225
Explanation:
given data
purchased = 15%
common stock = $58,000
net income 2018 = $15,000
net income 2019 = $58,000
dividend = $61,500
fair value = $73,000
to find out
How much Howdy Doody show in the 2018 income statement as income from this investment
solution
we know that net income to be reported as income by investment is the sum of income from dividend + unrealised gain
so here
unrealised gain = increase in value of stock that is
= $73,000 - $58,000 = $15000 .............1
and
income from dividend is = 15 % of $61,500
income from dividend = $9225 .................2
now add equation 1 and 2
Howdy doody show in 2018 income statement as income from this investment = Dividend revenue + Unrealized holding gain
income statement = $9225 + $15000
income statement = $24225
Answer:
<h2> particular. l.f. Dr. rs. Cr. rs. </h2>
I) bank a/c. 1,00,00.
to capital a/c. 1,00,00
( being business started with bank balance)
II) purchase a/c 40,000.
to bank a/c. 40,000
(being goods purchased on credit)
III) BANK A/C 20,000.
TO GOODS A/C 20,000
(BEING GOODS SOLD ON CREDIT)
IV) FURNITURE A/C. 60,000.
TO BANK A/C. 60,000
(BEING FURNITURE PURCHASED ON CREDIT)
V) BANK A/C. 10,000.
TO FURNITURE A/C 10,000
(BEING FURNITURE SOLD ON CREDIT)
HOPE IT HELPS IM ALSO NOT COMPLETELY PERFECT AT IT
