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dedylja [7]
3 years ago
10

Selma deposited a paycheck for $378. 42. She’ll use the check register to record her transaction. What will be her new balance?

A checking account has a balance of 2636 dollars and 41 cents. $2,257. 99 $2,337. 06 $3,014. 83 $3,057. 31.
Business
1 answer:
ser-zykov [4K]3 years ago
3 0

Answer:

$3,014. 83

Explanation:

So basically, just add the checking account balance to the amount she's depositing. So the equation should look like $378.42 + 2,636.41. Add it all up and you get $3,014.83

Hope this helps :)

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Lindon Company is the exclusive distributor for an automotive product that sells for $44.00 per unit and has a CM ratio of 30%.
vlada-n [284]

Answer:

1. $30,80

2. 21,500 units and $946,000

3. 33,000 units and $1,452,000

4. 16,125 units and $709,500 , $1,089,000

Explanation:

<u>The variable expenses per unit</u>

First determine the variable expenses ratio

Variable expenses ratio = 1 - CM ratio

                                        = 1-0.30

                                        = 0.70

Variable expenses per unit = $44.00 ×0.70

                                             = $30,80

<u>Break-even point in unit sales and in dollar sales</u>

break-even point in unit sales  = Fixed Costs / Contribution per Unit

                                                   = $283,800/ ($44.00×30%)

                                                   = $283,800/$13.20

                                                   = 21,500

break-even point in in dollar sales = Fixed Costs / Contribution Margin Ratio

                                                         = $283,800/0.30

                                                         = $946,000

<u>Amount of unit sales and dollar sales is required to attain a target profit of $151,800 per year</u>

Target Sales (Unit Sales) = Fixed Costs + Target Profit / Contribution per Unit

                                          = ($283,800 + $151,800) / $13.20

                                          = 33,000

Target Sales (Dollar Sales) = Fixed Costs + Target Profit / Contribution Margin Ratio

                                           = ($283,800 + $151,800) / 0.30

                                           = $1,452,000

<u>the company’s new break-even point in unit sales and in dollar sales</u>

break-even point in unit sales  = Fixed Costs / Contribution per Unit

                                                   = $283,800/ ($44.00-$30,80+$4.40)

                                                   = $283,800/$17,60

                                                   = 16,125

break-even point in in dollar sales = Fixed Costs / Contribution Margin Ratio

                                                         = $283,800/($17,60/$44.00)

                                                         = $283,800/0.40

                                                         = $709,500

<u>dollar sales is required to attain a target profit of $151,800</u>

Target Sales (Dollar Sales) = Fixed Costs + Target Profit / Contribution Margin Ratio

                                           = ($283,800 + $151,800) / 0.40

                                           = $1,089,000

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