Fixed Costs: 420,000
Variable Costs: 65%
Your BREAK-EVEN Point is: $1,200,000 USD or 600 Units @ $200 Each
Answer:
well one is what your passion is. like what you like. what people will pay you to do and how much. and what you are good at.
Explanation:
a. The amount of land on the balance sheet will be $36,000 which is historical cost of the land. Land is not subject to depreciation so it is recorded at historical cost and not carrying value.
b. The amount of rent expense reported on Income statement will be $5,500 [ $ 6,000 * 11 /12 months ]
c. The total amount of liabilities reported on the balance sheet will be $43,800. This includes the contingent liabilities and warranties.
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Answer:
The equivalent units of production for conversion cost would be $11,680 units
Explanation:
The computation of the equivalent unit of conversion is shown below:
= (Beginning inventory units × remaining percentage) + (units started and completed units × completed percentage) + (ending inventory units × completed percentage)
= (6,800 units × 25%) + (6,500 units × 100%) + (5,800 units × 60%)
= 1,700 units + 6,500 units + $3,480 units
= $11,680 units
Answer:
b. elastic, and her demand curve would be relatively flat.
Explanation:
he elasticity of demand is a term that describes the degree of responsiveness of demand due to changes in price. Elastic demand is when demand for a good or service is sensitive to changes in price. A small change in price results in a significant change in the quantity demanded.
Maxine has elastic demand for chai tea. A small decrease in the price of $1 ( 20 percent ) causes the demand to rise by 50 percent. The demand curve for an elastic product is relatively horizontal. It may be referred to as flat. The price is indicated on the Y-axis and the quantity of the X-axis. A small movement of the Y-axis big reaction on the X-axis tilting the demand curve to a horizontal shape.
