Answer:
The answer is:
Total loss to the left of the intersection
Total profit to the right of the intersection
Explanation:
Cost-volume-profit (CVP) analysis is a method that looks into the impact of how varying levels of costs and volume will affect the operating profit of a firm. This gives companies good understanding of the profitability of their products or services.
To answer the question above;
Total loss to the left of the intersection
Total profit to the right of the intersection
While the intersection is the break-even
Answer:
a. The number of whole units to be accounted for and to be assigned costs for the period is 17,000 units
b. The number of equivalent units of production for the period is 16,160 units
Explanation:
a. The computation of the whole units assigned for the period is shown below:
= Units completed and transferred + ending units of work in progress
= 15,800 units + 1,200 units
= 17,000 units
b. The computation of the equivalent units are shown below:
= (Units completed and transferred × percentage of completion) + (ending units of work in progress × percentage of completion)
= 15,800 units × 100% + 1,200 units × 30%
= 15,800 units + 360 units
= 16,160 units
Answer:
c,d and e
Explanation:
The correct statements given in the options are as stated below:
(c)-Terms FOB shipping point means the buyer accepts ownership when the goods depart the seller's place of business.
<em>This is true because Free on Board shipping means that the seller bears no liability whatsoever once the goods are shipped.</em>
(d)-When the shipping costs are the responsibility of the buyer, then the Merchandise Inventory account is debited for the freight charges.
<em>This is true because Free on Board shipping means that the seller bears no liability whatsoever once the goods are shipped, hence the shipping costs are the buyers responsibility and will form part of the costs of the goods</em>
(e)-Revenue for the sale will be recorded after the goods reach their destination, if the goods are shipped FOB destination.
<em>This is true because Free on Board destination means that the seller bears all liability whatsoever till the goods are delivered, hence the revenue for the goods can only be recognized upon successful delivery</em>
Answer:
The retirement fund will last for 33 years and 7 months
Explanation:
We need to solve for time in an ordinary annuity
C $15,000.00
rate 0.004 (4.8% divide by 12 month)
PV $3,000,000
time n
we clear for n as much as we can and solve
now we use logarithmic properties to solve for n:
-403.16
this will be a value in months so we divide by 12 to get it annually
403/12 = 33,5833
we convert the residual to months:
0.5833 x 12 = 6.996 = 7 months
