4. If the marginal cost is $6.50 per unit, fixed costs to $70 000 per annum, and the selling price is $10, what will be the number of units required to maintain a profit of $20 000? a. 18 714 units b. 20 714 units С. 27 714 units d. 25 714 units
Q: 7 Clampett, Incorporated, has been an S corporation since its inception On July 15, 2021, Clampett,…
A: Introduction: Personal income and company revenue are the two types of ordinary income. Personal…
Q: A television company purchased machinery for P140,000 on July 1, 1979. It is estimated it will have…
A: Introduction:- Depreciation is non cash expenditure. Which is charged on fixed assets over a useful…
Q: On March 2015, Agency A is taking legal action against its competitor for patent infringement…
A: Answer to (1) As per provisions of IAS 37, Contingent Asset : An entity can disclose in notes to…
Q: Carmelita Inc. has the following information available: Costs from Beginning Inventory Costs from…
A: A unit cost is the overall cost incurred by a business to manufacture, store, and sell one unit of a…
Q: You are auditing the balance sheet of the Ballares Company on December 31, 2004, which has the…
A: Shares- The shares are the company's financial assets. The value of the shares fluctuates with the…
Q: Problem no. 2 Ray Corp. declared a 5% stock dividend on its 10,000 issued and outstanding shares of…
A: 5% stock dividend on 10000 shares @P2 par value = 5% x 20000 = P1000
Q: make - journal entries - T accounts - financial statement - worksheet
A:
Q: Contributed capital: 5% preference share, P50 par, cumulative, 30,000 shares issued, dividends 5…
A: Retained Earnings: - The total amount that remains after the payment of dividends and taxes is known…
Q: On January 1, a company agrees to pay $12,000 in eight years. If the annual interest rate is 4%,…
A: Present value (PV) which is the concept of accounting that states the sum amount today that is…
Q: LabAid Ltd provides radiological services. Despite the variety of patients seen at LabAid, the…
A:
Q: How does accounting for foreign inflation differ from accounting for domestic inflation?
A: Inflation accounting is the practice of adjusting financial accounts during inflationary periods.…
Q: 32. Brown Company estimates that monthly sales will be as follows. January February March P100,000…
A: A cash budget is prepared to estimate the total cash received and total cash disbursement. It is…
Q: fair value (market-related value) efit obligation assets
A: The answer has been mentioned below.
Q: asap Explain the below elements of cash outflows: a- Purchase of New Equipment. b- Investment in…
A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: Required: Calculate the following budgets for each of May and June: a) Production of Catrell (in…
A:
Q: d. Cash Receipts…
A: Jan Feb Mar Total Sales Value 90,000 1,10,000 1,20,000 Sale in…
Q: 1. For reporting purposes, currencies are defined as Operating, International and…
A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…
Q: How much is the taxable compensation income?
A: Tax or Taxes : It the amount paid by the consumers (Individual or business entities) to the…
Q: nsolidated balances which Peris would present on their consolidated balance sheet for the following…
A: A consolidated balance statement shows the financial position of a linked group of businesses. As a…
Q: Compare the Statement of Profit or Loss and Statement of Financial Position of a sole trader with…
A: A sole trader, often known as a sole proprietorship, is a straightforward business form in which one…
Q: ry 1, 2020, the Pacita Corp equity securities for P2,000,000. ssion, taxes and other transacti…
A: Marketable securities are valued at fair value at the end of the accounting year . The difference…
Q: An S corporation distributes land with a basis of $60,000 and a FMV of $90,000 to its sole…
A: Tax is a liability that is calculated on the income earned by the company or individual. It is paid…
Q: On December 1, 2018, Mario started his business with a borrowed capital amounting to P 40,000 at a…
A: Return on capital refers to the return earned by a business entity on the capital employed by them.…
Q: Why is the statement of cash flows required as part of the set of external financial statements?…
A: (Note: Since you have posted multiple questions, we will solve the first question for you. For the…
Q: rms 1/10, n/30, FOB destination. The items arrived at Beetle's warehouse or the purchase on May 7.…
A: Free on board" refers to who is responsible for things that are damaged or destroyed during…
Q: A complex trust has taxable income of $29,900 in the current year. The $29,900 includes $5,000 of…
A: Tax liability: It is the amount of tax debt owed by an individual, company, or other entity to a tax…
Q: Charles and Ann are married, file a joint tax return, and report AGI of $135,300. They have two…
A: Child tax credit is the credit amount received to the individuals who have dependent children and…
Q: The board of directors of Blossom Corporation is considering two plans for financing the purchase of…
A: Bonds are trade-able assets that are issued by the companies. It provides a fixed interest rate to…
Q: ernal rate of return and the discount rate turn pany's discount rate or internal rate of return unt…
A: To find the correct option as,
Q: A 2-ton hydraulic press is needed to add to production. This equipment has an initial purchase and…
A: Initial Purchase and Installation Cost 190000 Yearly Operation Cost 1000…
Q: estrict earnings available for dividends Statement II. The issuance of stock dividends increases…
A: Stock dividends are provided to the existing shareholders of the company by way of issuance on new…
Q: The purchase of new equipment with cash would appear on the statement of cash flows as a/an…
A: The statement of cash flows forms a part of financial statement. The statement of cash flows is the…
Q: What is the amount of income to be reported upon receipt of the note? At the end of the taxable…
A: Non-interest bearing note is the note which a company receives from the debtors in against the money…
Q: Net unrealized loss on available for sale securities (investment at FVTOCI) 20,000 Retained…
A: Total shareholders' equity A company's shareholders' equity can be calculated by subtracting total…
Q: 1. Tara transfers land with a $600,000 adjusted basis and a $700,000 FMV to a corporation in a Sec.…
A: The taxpayers are can transfer the property to the corporation in exchange for the corporation’s…
Q: EZ-Tax is a tax accounting practice with partners and staff members. Each billable hour of partner…
A: The sales price variance is the difference between the estimated /standard price and the actual…
Q: On January 1, 2021, Ree Company sold a machine to Say Company. In lieu of cash payment, Say gave Ree…
A: Liabilities are the amounts which are owed by the organization at the date of the preparation of the…
Q: TOPIC: Contributed Capital (Issuance of Shares, Reacquisition, Reissuance, Retirement, Donation,…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Spiller Corporation plans to issue 12%, 6-year, $560,000 par value bonds payable that pay interest…
A: Total cash proceeds = Present value of interest (annuity) + Present value of maturity value
Q: Changes in Current Operating Assets and Liabilities-Indirect Method Mohammed Corporation's…
A: Cash flow from operating activities indicates the cash inflow or outflow transactions related to the…
Q: nd for a
A: In this question, we have to find out the elasticity of demand.
Q: Compute the variances in dollar amount and in percentage. (Round to the nearest whole percent.)…
A: Variance: The variance is a measurement of the variability in the data. The formula for calculating…
Q: After Adjustment Adjustment Rp Before Difference Reason Rp Rp Interest still has to be received 150…
A: Adjusting entries refer to those journal entries which are passed in order to adjust the revenues…
Q: 6. A capital investment has a net present value of $1 000 at a rate of return of 10 percent. At a 12…
A: Net Present Value (NPV): When doing an analysis of the profitability of a project or investment,…
Q: ecember 31, Year 1 Penthouse Company ry shares of X Co. in its portfolio of long-tern ity…
A: In case, investments are FV-OCI assets (Fair value through the Other Comprehensive Income), then…
Q: Directions: Read and analyze the problem below then do the following requirements. Assuming, you…
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: Which of the following statements is CORRECT? The statement of cash flows reflects cash flows from…
A: Cash flows from activities and borrowings are included in the cash flow statement, but cash received…
Q: Sales (20,000 units @ 60 per unit) $1,200,000 Less: Variable cost 20,000@ $45 900,000 Contribution…
A: Net operating income is the net result of operational revenues and expenses.
Q: The bank statement for Betty Company indicates a balance of $20,000 on September 30, 2021. After the…
A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with…
Q: Garrison Boutique, a small novelty store, just spent $4,000 on a new software program that will help…
A:
i need help with Question 5 only
Step by step
Solved in 2 steps
- Q2. Suppose that Nafitol Company has a fixed cost of ETB 35,000 and VC of ETB 1.75 per unit for its products. Let us further consider that selling price is birr 2.7 per unit. Required: A. Write the revenue and the cost equation of the company B. At what level of production output is the company Break-even? C. What is the amount of the revenue when the company produces 300,000 units? D. If the company plans to earn a profit of 7000, what amount of quantity has to be produced?1) What level of output would generate a profit of $15,000 if a product sells for $24.99, has unit variable costs of $9.99, and total fixed costs of $55,005?Company XYZ is producing and selling 2,500. At this level, the selling price per unit is $10, the variable expenses per unit is $6, and fixed expenses are $1,500. How much is the profit? а. $6,000 b. $8,500 С. $11,000 d. $16,000 е. $13,500
- Suppose the marginal cost and marginal revenue (in ¢000) for a product produced by a company is estimated to be MC=q+35 MR=560+22q-q^2 Where q is the quantity produced and the firm’s break-even is 5 units per week You are Required to I. determine the total cost and the total revenue function in terms of q. II. estimate the output at which profit is maximize III. calculate the maximum profitCompany XYZ is producing and selling 2,500. At this level, the selling price per unit is $10, the variable expenses per ?unit is $6, and fixed expenses are $1,500. How much is the profit $13,500 a O $8,500 .b O $16,000 .c O $11,000 .d O $6,000 .e OA company desires to sell a sufficient quantity of products to earn a profit of OMR 400,000. If the unit sales price is OMR 20, unit variable cost is OMR 12, and total fixed costs are OMR 800,000, how many units must be sold to earn net income of OMR 400,000? Select one: Oa. 120,000 units O b. None of the answers are correct O c. 225,000 units O d. 90,000 units O e. 150,000 units ENG 07:27 INTL 25/05/2021
- (Please answer question 2) Management believes it can sell a new product for $8.50. The fixed costs of production are estimated to be $6,000, and the variable costs are $3.20 a unit. Complete the following table at the given levels of output and the relationships between quantity and fixed costs, quantity and variable costs, and quantity and total costs. Quantity Total Revenue Variable Costs Fixed Costs Total Costs Profits (Loss) 0 500 1,000 1,500 2,000 2,500 3,000 2. Determine the break-even level using the above table and use the following Equation to confirm the break-even level of output. PQB = FC + VQB PQB - VQB = FC QB (P-V) = FC QB = FC P-V 3. What would happen to the total revenue schedule, the total cost schedule, and the break-even level of output if…A product sells for $400 per unit and its variable costs per unit are $260. The company’s fixed costs are $840,000. If the company desires $70,000 pretax income, what is the required dollar sales? a. $2,400,000 c. $2,600,000 e. $1,400,000 b. $200,000 d. $2,275,000If the contribution margin on the firm's single product is $2.00 per unit and fixed costs are $60.000, what will the firm's net income be at sales of 30.000 units? Mutiple Choice O O $90.000 $30,000 $15.000 9
- i) the marginal revenue function for a company's product is MR = 40,000 - 4x ii) where x equals the number of units sold. if total revenue equal 0 when no units are sold, determine the total revenue function for the product. The function describing the marginal cost ( in dollars ) for producting a product is MC =8x +800 When x equals the number of units produced. it is known that cost equals $80,000 when 40 units are produced. determine the total cost function. iii) the function describing the marginal profit from producing and selling a product is MP = -6x + 450 when x equals the number of units and MP is the marginal profit measured in dollars. when 100 units are produced and sold, total profit equals $5000. determine the total profit function. iv) the functions describing the marginal profit from producing and selling a product is…Fixed cost = 10,000 Material cost per unit = 0.15 Labor cost per unit = 0.10 Revenue per unit = 0.65 Suppose ABC company sells all that it produces, profit is calculated by subtracting the fixed cost and total variable cost from total revenue.Give a mathematical model for calculating profit and implement your model from part in Excel. If ABC company makes 12,000 units of the new product, what is the resulting profit? Excel format requiredIf the selling price per unit is $80, the variable expense per unit is $40, and total fixed expenses are $250,000, what are the breakeven sales in dollars? A. $3,125 B. $125,000 c. $500,000 D. $166,667