+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
The auditor's judgment concerning the overall fairness of the presentation of financial position, results of operations, and cash flows is applied within the framework of :
Why would a law firm ever consider accepting stock of a new corporation having a total par value of USD 320,000 as payment in full of a USD 480,000 bill for legal services
What amount will be included in intangible assets on the company's December 31, 2008 financial statements prepared in accordance with IFRS? How much would be included in int
You have signed an agreement to lease a car for four years and will make annual payments of $4,000 at the end of each year. (Assume that the lease meets the criteria for a c
The board of directors declared and paid a $3,000 dividend in 2009. In 2010, $12,000 of dividends are declared and paid. What are the dividends received by the common stockhol
(b) the units-of-output method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the three years by each method. (Note: For DECLI
At the end of its first year, the trial balance of Denton Company shows Equipment $30,000 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Dep
The means of dealing with uncertainty in tax positions is prescribed by GAAP in FASB ASC 740-10: Income Taxes-Overall (previously FASB Interpretation No. 48 (FIN 48)). Describ