User Account

All Pages

Calculate the monthly break-even point in monetary sales

Assignment Help Accounting Basics
Reference no: EM132759539

Xi Company is the exclusive Iowa distributor of lawn mowers for a small manufacturing company. It sells only one model at £600 per unit and for which Xi pays £250. Xi's other variable costs amount to £50 per unit. Fixed costs are £2,000. In October, Xi sold 15 lawn mowers and it sold 20 in November.

Required:

Problem 1: Calculate the following values:

a. Monthly break-even point in monetary sales

b. Monthly break-even point in units

c .Monthly income for October

d. Monthly income for November

e. Margin of safety for October

Reference no: EM132759539

Questions Cloud

What is the difference between face rate and market rate : What is the difference between face rate and market rate, and which rate would be higher if a bond is issued at a discount? Explain in detail.
What is the stock price : King Waterbeds has an annual cash dividend policy that raises the dividend each year by 5%. What is the stock's price if an investor wants a return of 6%
Briefly describe the term operations management : Briefly describe the term Operations Management and explain the importance of this concept to a sound business model and identify the major functional areas
What are the major structures of the neuron : What are the major structures of the neuron? What are the major functions of the structures you just listed? What is the difference between afferent.
Calculate the monthly break-even point in monetary sales : Calculate the Monthly break-even point in monetary sales. Xi Company is the exclusive Iowa distributor of lawn mowers for a small manufacturing company.
Multidisciplinary approach to ERP implementation : What are the payoffs in taking a multidisciplinary approach to an ERP implementation? What departments are affected and what is the typical time frame?
Record the sale of the equipment at the end of third year : Murphy's Deli uses straight-line depreciation for all equipment. Record the sale of the equipment at the end of third year
Research biographies of leaders and leadership theories : Use the library, your course materials, and the Internet to research biographies of various leaders and leadership theories. Then, respond to the following.
Explain what ways would a reduction in inventory help : Explain what ways would a reduction in inventory help the company and would you approve the proposal to move from LIFO to FIFO? Why, or why not?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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