Amount of sales required to break even

Assignment Help Accounting Basics
Reference no: EM13258062

George Company sells one product at a price of $20 per unit. Variable expenses are 60 percent of sales, and fixed expenses are $20,000. The amount of sales required to break even is:

  • $2,500
  • $12,000
  • $33,333
  • $50,000

Reference no: EM13258062

Questions Cloud

What is the approximate magnification : A 17-cm-long microscope has an eyepiece with a focal length of 3.1cm and an objective with a focal length of 0.35cm. What is the approximate magnification
Ancient greeks interest in the human figure and emotions : Give specific examples of how the Hellenistic sculpture The Laocoon Group exemplify their culture in Ancient Greeks interest in the human figure and emotions.
What would be the value of gross profit : If, Sales = Rs. 800,000, Markup = 25% ofcost, what would be the value of Gross profit? Which of the following is correct?
How do you deal with resistance : How do you encourage your employees to have a positive attitude about change management ? How do you deal with resistance?
Amount of sales required to break even : George Company sells one product at a price of $20 per unit. Variable expenses are 60 percent of sales, and fixed expenses are $20,000. The amount of sales required to break even is:
Find the separation between the lenses : A coin is located 20.0 cm to the left of a converging lens (f = 13.0 cm). A second, identical lens is placed to the right of the first lens, Find the separation between the lenses.
Balance the expected formation pressure at this depth : If the average density of the sediments in the Gulf of Mexico is 2.17 gm/cc and the water depth at the wellsite is 4000 ft, what are the expected overburden, pore and effective pressures and temperature at the reservoir depth of 15,000 ft below sea b..
What is the maximum radius of circle : A point source of light is submerged 2.4 m below the surface of a lake and emits rays in all directions. What is the maximum radius that this circle could have
Problem based on shipping costs : Anaconda Mining Company shipped 9,000 tons of copper concentrate for $450,000 in March and 11,000 tons for $549,000 in April. Shipping costs for 12,000 tons to be shipped in May would be expected to be:

Reviews

Write a Review

Accounting Basics Questions & Answers

  Personal expenses on a variable and fixed basis

How do variable costs and fixed costs differ? Give an example of each. Analyze your personal expenses on a variable and fixed basis. What are some of your personal fixed costs and variable costs? What would cause them to change?

  Total costs of personnel

Dougherty Company employs 20 individuals. Eight employees are paid $12 per hour and the rest are salaried employees paid $3,000 a month. How would total costs of personnel be classified?

  Accounting principle and financial statements

Robins Inc. changed from the LIFO method of inventory pricing to the FIFO method. Explain how this change in accounting principle should be treated in the company's financial statements.

  Various accounting treatments for stock compensation

Evaluate the various accounting treatments for stock compensation and how do they relate to the practice of accounting and its uses in business.

  Question-bert farm store

On December 31, 2007, Bert's Farm Store had the following account balances in its accounting system. All year-end adjustments had been entered, but the books had not yet been closed.

  Multiple choice question on civil forfeiture laws

multiple choice question:-Civil forfeiture laws allow law enforcement to seize property in the absence of a criminal charge or the establishment of guilt if police believe they find any evidence of a drug-related crime.

  Why would you select the percentage of sales method

How are bad debts accounted for under the direct write-off method? What are the advantages and disadvantages of this method?

  Concept of sustainable income

Understand the concept of sustainable income. Indicate how irregular items are presented. Explain the concept of comprehensive income.

  Investments at fair market value

Present a position either in favor or against the policy of stating investments at fair market value and that the changes be recognized as either revenues or as expenditures. Please give a few examples.

  Describe job-costing and process-costing systems

Describe job-costing and process-costing systems. Explain when it would be appropriate to use each. In a job-costing system, explain why it is necessary to apply indirect costs to production through the use of a manufacturing overhead cost allocati..

  Total accrued amount

If an officer is not actually paid his salary but the salary is shown as accrued for 2010, for a C Corp, is the total accrued amount for that officer included on Schedule E or only what the officer is actually paid in 2010?

  Cost pools for accumulating overhead

Peter Catalano's Verde Vineyards in Oakville, California produces three varieties of wine: Merlot, Viognier, and Pinot Noir. His winemaster, Kyle Ward, has identified the following activities as cost pools for accumulating overhead and assigning i..

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