+1-415-670-9189
info@expertsmind.com
Minist company sells a single product at a selling price
Course:- Accounting Basics
Reference No.:- EM13601454





Assignment Help >> Accounting Basics

Minist Company sells a single product at a selling price of $15.00 per unit. Last year, the company's sales revenue was $225,000 and its net income was $18,000. If fixed expenses total 72,000 for the year, the break-even point in unit sales was?




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
During the current year, merchandise is sold for $32,800 cash and $379,500 on account. The cost of the merchandise sold is $250,000. What is the amount of the gross profit?
Sam quit his job as an accountant withWe Keep Books Accurately to open his own accounting firm. He earned $40,000 with the accounting firm We Keep Books Accurately. During t
The bonds were quoted at 94 and pay interest quarterly on September 30th and December 31st. What were the total proceeds of the bond issue at the time of sale?
The following answer needs to be 300 words: What is a stock redemption? What are some reasons for redeeming stock? Why are some redemption treated as sales and others as d
In early 1980s Alexandria Chemical Products started as a small firm between two friends to produce detergent products. If you were Mr. Ali, the financial director, what are th
NetCo, a US corporation, is planning to start operating in Argentina. NetCo has formed a 100% owned subsidiary in Argentina, ArgCo. NetCo contributes a number of assets
Direct Labor was 50 % of prime costs for October. Given the manufacturing overhead for the month was 70,000 and the direct materials costs was 40,000 what is the direct l
If at the start of the twenty-first year it is estimated that the remaining life is 20 years and that the residual value is $300,000, what is the depreciation expense for each