New accounting system and wants to verify its calculations

Assignment Help Accounting Basics
Reference no: EM131067508

Irvine Metals has changed to a new accounting system and wants to verify its calculations. The company has fixed operating costs of $470,000 per year and variable operating costs of $85.00 per unit. They typically sells their widgets for $125 per unit. Using the information provided, a. What is the operating breakeven points in units?

Reference no: EM131067508

Questions Cloud

Fixed spreads between them and target federal funds rate : In a graph of the market for bank reserves, show how the Federal Reserve limits deviations of the market federal funds rate from its interest rate target under the channel system. Next, show how the Open Market Trading Desk would implement a decision..
Calculate the degree of financial leverage : The Plastic Corporation has a current capital structure consisting of $150,000 of 15% debt and 3,500 shares of common stock. The tax rate is 40%. Determine the earnings per share (EPS) when EBIT is $75,000 and $99,500. Calculate the degree of financi..
The expected return for the general market : The expected return for the general market is 12.8 per­cent, and the risk premium in the market is 9.3 percent. Tasaco, LBi\1, and Exxos h,ve bet,s of 0.864, 0.693, and 0.575, respectively. What are the corresponding required rates of return for the ..
What is operating breakeven point in units : Diane’s Florist has fixed operating costs of $3,825, variable operating costs of $9.50 per flower arrangement, and an average selling price of $24.50 per flower arrangement. What is Diane’s Florist’s operating breakeven point in units (flower arrange..
New accounting system and wants to verify its calculations : Irvine Metals has changed to a new accounting system and wants to verify its calculations. The company has fixed operating costs of $470,000 per year and variable operating costs of $85.00 per unit. They typically sells their widgets for $125 per ..
Market-to-book ratio : Blue Dog Manufacturing Corp.’s stock is trading at $39.75, and the company reports its common equity value as $31,646,400. What is Blue Dog Manufacturing Corp.’s market-to-book(M/B) ratio?
Marginal cost of production : Assume the marginal cost of production is greater than the average variable cost. Can you determine whether the average variable cost is increasing or decreasing? Explain.
Dividend yield on this investment : Suppose you purchased 1,100 shares of Pan Ann Airlines at the beginning of the year for $17.22. By the end of the year, the stock price had appreciated to $20.67.
Forecast turns out to be correct and price-to-earnings ratio : Blue Dog Manufacturing Corp. just reported a net income of $11,000,000, and its current stock price is $23.00 per share. If Blue Dog’s forecast turns out to be correct and its price-to-earnings (P/E) ratio does not change, what does management expect..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Mde final cash disbursements to the partners based on the

the following transactions transpire during the liquidation of the marks norris smith and savannah partnershipbull

  Determining the maturity

Mobile Co. issued a $45,000, 60-day, discounted note to Guarantee Bank. The discount rate is 6%. At maturity, the borrower will pay:

  Forecast gross profit in the second year

Tversky and Co. have devised a new psychological test for investors' risk tolerance. They expect to sell 10,000 tests in the first year at $150 each. Cash costs associated with producing, administering and scoring the test are $50 per unit. In the..

  They can buy the same quality seats from an outside

bombay makes bicycle seats that they sell for 33 to retailers. annually they produce and sell 20000 units. their costs

  Product structure tree and mrp schedule

Assume that Product Z is made up of two units of A and four units of B. A is made of three units of C and four units of D. D is made of two units of E.

  A company incurs a capital expenditure

A company incurs a capital expenditure that may be amortized over five years for accounting purposes, but over four years for tax purposes. The company will most likely record:

  Mosley manufactures a product that requires 2 pounds of

mosley manufactures a product that requires 2 pounds of direct material. in 2010 mosley purchases 24000 pounds of

  The equipments salvage value is zero and doug uses

dougs custom construction company is considering three new projects each requiring an equipment investment of 29260.

  Describe what you think are the top three social problems

Define and describe what you think are the top three social problems in the United States at the present time.

  Stock price of a foreign target to decrease

Which of the following would probably not cause the stock price of a foreign target to decrease?

  On june 30 2010 superfast shoes issued 200000 worth of

on june 30 2010 superfast shoes issued 200000 worth of 15-year 9 bonds when the market rate was 10. proceeds were

  Most likely to use process costing

Which of the following would be most likely to use process costing? A. Superior Auto Body & Repair B. Crammond Custom Cabinets C. Sunshine Soft Drinks D. AJackson & Taylor Tax Service

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd