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vampirchik [111]

3 years ago

11

Adam Company sells one product at a price of $50 per unit. Variable expenses are 40 percent of sales, and fixed expenses are $50

,000. The sales dollars level required to break even are:Select one:

1 answer:

Oxana [17]3 years ago

8 0

Answer:

$83,333

Explanation:

The sales dollars level required to break even are: $83,333

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Troyanec [42]

Answer:

<u>PART 1:</u> Wilson Trucking Company reported Net Income of $15,854 for the year ended December 31, 2017.

<u>PART 2:</u> As per the statement of changes in equity, K. Wilson Capital Account Balance as at December 31, 2017 is $190,124

* Please note that figures in brackets represent negative values.

Explanation:

<u>PART 1</u>

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Income Statement for the year ended December 31, 2017

<u>Revenue </u>

Trucking Fees $115,500

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Salaries expense $(54,170)

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<u>PART 2</u>

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K. Wilson Capital Account Balance as at December 31, 2017 $190,124

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