Answer:
Break even in miles = 8800 miles per year
Explanation:
The break even in units is the number of units that must be sold in order for the total revenue to be enough to cover total costs or in order for the total revenue to be equal to the total costs.
In the given scenario, the units are miles driven and the break even in units will be the number of miles to be driven to cover total costs.
The formula for break even in units is as follows,
Break even in units = Fixed costs / Contribution margin per units
Where,
Contribution margin per units = Revenue per unit - Variable cost per unit
Contribution margin per units = 0.42 - 0.17
Contribution margin per units = $0.25 per mile
Break even in miles = 2200 / 0.25
Break even in miles = 8800 miles per year
COMPLETE QUESTION:
Sarah’s Muffler Shop has one standard muffler that fits a large variety of cars. Sarah wishes to establish a reorder point system to manage inventory of this standard muffler. Use the following information to determine the best order size:
(The attachment contains the information)
Answer: 216 mufflers is the best order size.
Explanation:
The attachment contains the calculations and information.
Answer:
Explanation:
Journal entries allow you to correct inaccurate information in your accounting records or add transactions that you cannot add in other sections of the software, such as tax adjustments or depreciation expenses.
What are the 3 golden rules?
Golden Rules of Accounting
Debit the receiver, credit the giver.
Debit what comes in, credit what goes out.
Debit all expenses and losses and credit all incomes and gains.
When performing work, there are specific requirements depending on which work Hayleah performs and these are <u>B) </u><u>Government </u><u>auditing </u><u>continuing education </u><u>requirement</u>
When dealing with governmental accounting:
- There are certain rules that must be followed.
- The specific rules imposed are to ensure better management of tax payer funds.
As a result, when a California CPA is involved in governmental work, specific rules known as the government auditing continuing education requirements will most likely apply.
In conclusion, option B is correct.
Find out more about different accounting standards at brainly.com/question/24441480.
The provision on tax rates for proprietorship, partnerships, and LLCs <u>changed</u> with the passage of the Tax Cuts & Jobs Act.
<h3>What is the
Tax Cuts & Jobs Act?</h3>
The Tax Cuts & Jobs Act is a legislation that guides tax rate on income and addresses concerns about tax credit for employers.
In conclusion, the provision on tax rates for proprietorship, partnerships, and LLCs <u>changed</u> with the passage of the Tax Cuts & Jobs Act.
Read more about Tax Cuts & Jobs Act
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