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Hatshy [7]
3 years ago
6

Assume the following information for a company with only two products: Product A Product B Total Sales $ 600,000 $ 400,000 $ 1,0

00,000 Variable expenses $ 200,000 $ 100,000 $ 300,000 If the break-even sales point is $580,000, then what is the total amount of fixed expenses
Business
1 answer:
Mice21 [21]3 years ago
8 0

Answer: $406,000

Explanation:

The following can be deduced from the question:

Total sales = $1,000,000

Variable cost = $300,000

Contribution = Sales - Variable cost

= $1,000,000 - $300,000

= $700,000

Contribution ratio = $7000,00/$1,000,000 × 100 = 70%

Fixed cost = $580,000 × 70%

= $580,000 × 0.7

= $406,000

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Answer:

Inventory would be 1, 768

Explanation:

2,000  goods

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  -400  returned goods

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1, 768 net amount for inventory

<u>Notes:</u>

(A) The freight-in will be included in the inventory, as is a cost needed to have the inventory in the company's possession and be ready to use or sell.

(B) goods x discount rate

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discount for payment within 10 days 2%

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C.

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Bernice’s has $823,000 in sales. The profit margin is 4.2 percent and the firm has 7,500 shares of stock outstanding. The market
Irina-Kira [14]

Answer:

a. 3.58

Explanation:

the price earning ratio is obtain with the following formula:

\frac{Market \: Price}{EPS}

We are given with the market price, now we need to solve for the EPS

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Now we can sovle for price-earnings ratio

\frac{Market \: Price}{EPS}

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According to the acquired needs theory, which of the following characteristics describe people who have a high need for affiliat
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Explanation:

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3 years ago
In July 1, 2018, a two-year insurance premium on equipment in the amount of $672 was paid and debited in full to Prepaid Insuran
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Explanation:

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