The answer is A. Increased family income.
In order that a person could afford to spend on a home, first things first is they must have a bigger family income so that they can sustain paying all their bills plus the price of the home that they wanted to buy.
Answer:
The current BEP is 727 units
with the proposed change it will be 875 units
The change increase the break even point by 148 units
Explanation:
The BEP in units will be:
Where:
40 - 18 = 22 contribution margin
then we calcualte BEP
16,000 / 22 = 727,27 units
<u>with the proposed change:</u>
40 - 16 = 24 contribution margin
16,000 + 5,000 = 21,000 fixed cost
21,000 / 24 = 875
875 - 727 = 148
Answer: The total Asset is $531,225, The total owners Equity is $1,494,000
Explanation:
A balance sheet is a summary of debit and credit balances of asset and liabilities in a ledger. It is a financial statement prepared in order to determine the financial position of a business, in the event of acquisition of a subsidiary by a parent company, then a consolidated balance sheet will be prepared to unite the two entities. A consolidated balance sheet is a financial statement prepared to record the asset and liabilities of the two entities as one entity.in this case the aquisi
Consolidated Balance Sheet As At 1/1/××
$ $
Fixed Asset
PPE Asset (undervalued ) 81,000
Less : Depreciation. 5,400
----------
75,600
Goodwill. 162,000
----------------
Total Fixed Asset 237,600
Other Asset
Patent. 261,000
Amortization. 32,625
--------------
293,625
----------------
Total Asset. 531,225
Owners Equity
Common Stock 1,494,000
---------------------
Total owners Equity 1,494,000
