Unit and its variable expenses

Assignment Help Accounting Basics
Reference no: EM13157589

A product sells for $15 per unit and has variable expenses of $9 per unit. Fixed expenses total $70,000 per month. How many units of the product must be sold each month to yield a monthly profit of $20,000?

Reference no: EM13157589

Questions Cloud

Prepare journal entry to record the issuance of the bond : Pueblo Company issued $300,000 of 5-year, 8% bonds at 98 on January 1, 2014. The bonds pay interest twice a year. Prepare the journal entry to record the issuance of the bonds. Prepare the journal entry to record the issuance of the bonds, assuming t..
How should the input combination be adjusted : Using the data provided above, determine if the Hernandez Corp. is using a cost minimizing combination of inputs. Explain your answer/show your work. If your answer is no, how should the input combination be adjusted?
Define liquids flow quickly as measured by the speed : Liquids "flow" quickly as measured by the speed at which a small amount of liquid will spread itself out to form a puddle. What does this behavior imply about the speeds at which the individual liquid particles are moving relative to each other?
How might fat-free mass and heart rate affect : How might fat-free mass (FFM) and heart rate affect an individuals resting (RMR) and basal (BMR) metabolic rates? Provide a CLEAR reference(s) to response(s) if possible.
Unit and its variable expenses : A product sells for $15 per unit and has variable expenses of $9 per unit. Fixed expenses total $70,000 per month. How many units of the product must be sold each month to yield a monthly profit of $20,000?
What is nominal annual interest rate based upon continuos : An engineer borrows $17,500 to make some repairs in his home. He must repay $378.56 a month for 5 years. What is the nominal annual interest rate Based upon continuos componding?
How many degrees of freedom researcher use t-test critical : If 8 patients participate in this study (so that n left arms and n left arms are measured), how many degrees of freedom should the researcher use in her t-test critical value?
Why do we have to incubate the plates in the dark : Look in the text under Direct Reversal of Damage. Why do we have to incubate the plates in the da
Channels of distribution may be the best opportunity : Channels of distribution may be the best opportunity for a sustained competitive advantage in marketing, is this true?Answer question and provide an academic scholarly reference

Reviews

Write a Review

Accounting Basics Questions & Answers

  Spend on security analysis

You are an investment manager who is currently managing assets worth $6 billion. You believe that active management of your fund could generate between an additional one tenth of one percent return on the portfolio. If you want to make sure your a..

  Determining bond retirement

Prepare journal entries to record the following retirement. (Show computations and round to the nearest dollar). The December 31, 2010 balance sheet of Wolfe Co. included the following items:

  Amount of depreciation expense on consolidated income

On their separate 2009 income statements, Payton and Starker reported depreciation expense of $84,000 and $60,000, respectively. The amount of depreciation expense on the consolidated income statement for 2009 would have been :

  Explain accrual-basis accounting

Suppose your grandparents have just given you $20,000 on the situation that you invest the money in the stock market. As you contemplate making your investment choices;

  Valid letter of credit

Which of the following is required for a valid letter of credit? A. That it is irrevocable. B. That it is in a form that is a record and is authenticated. C. That consideration is given. D. That consent by a beneficiary is given to amend or cancel it..

  What amount of organization expense should be reported

Palmiero bought a franchise from Dougherty Co. on January 1, 2011, for $350,000. The carrying amount of the franchise on Dougherty's books on January 1, 2011, was $500,000.

  Significance and usefulness of accounting cycle

Please discuss the value of the accounting cycle to the including:

  Discuss the actions you would employ as a cpa to prevent

identify and evaluate the issues related to the internally created software for HouseRaising. Discuss the potential problems related to the capitalization of internally created software and the requirements for capitalization under GAAP.

  Information of selling price of bonds

The $1,000 face value bonds issued by the Springfield Fabrication Corporation are perceived by investors as being less attractive than other bonds sold by other businesses ate the same time.

  What would be the amount of interest expense

What would be the amount of interest revenue the lessor would record in conjunction with the second quarterly payment at October 1? (Round your answer to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign in your response.)

  Journal entries for general fund of city of buffalo falls

The following transactions relate to the general fund of the City of Buffalo Falls for the year ended December 31, 2012: Prepare journal entries for transactions.

  Required return on average operating assets

Which of the following measures of performance encourages continued expansion by an investment center so long as it is able to earn a return in excess of the minimum required return on average operating assets?

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