Dempster company reported the following results from the

Assignment Help Accounting Basics
Reference no: EM13594669

Dempster Company reported the following results from the sale of 5,000 units in May: sales $300,000, variable costs $180,000, fixed costs $90,000, and net income $30,000. Assume that Dempster increases the selling price by 5% on June 1. How many units will have to be sold in June to maintain the same level of net income?

Reference no: EM13594669

Questions Cloud

Sunshine cos bookkeeper recorded a check as 693 on the : the following items are from the bank reconciliation of sunshine co. for the month ended february 292000. where does
Utease corporation has many production plants across the : utease corporation has many production plants across the midwestern united states. a newly opened plant the bellingham
Light of wavelength 631 passes through a diffraction : question light of wavelength 631 passes through a diffraction grating having 485. what is the angle of the bright spot
S-pods contribution margin is 15 per unit for product a and : s-pods contribution margin is 15 per unit for product a and 18 for product b. product a requires 2 machine hours and
Dempster company reported the following results from the : dempster company reported the following results from the sale of 5000 units in may sales 300000 variable costs 180000
The loop is rotated from a position of zero magnetic flux : question consider a rectangular loop of wire 6.3 cm by 8.2 cm in a uniform magnetic field of magnitude 1.7 t. the loop
If the average kinetic energy of nh3 is 71x10-21 : two vessels are labeled a and b. vessel a contains nh3 gas at 80 degrees celcuis and vessel b contains ne gas at the
Gross income susans salary is 44000 and she received : gross income. susans salary is 44000 and she received dividends of 600. she received a statement from sj partnership
The activation energy of a certain reaction is 445kjmol at : the activation energy of a certain reaction is 44.5kjmol. at 21 the rate constant is0.0110 s-1 . at what temperature

Reviews

Write a Review

Accounting Basics Questions & Answers

  Year-end inventory exceed the unrealized profits

Williard Corporation regularly sells inventory items to its subsidiary, Petty, Inc. If unrealized profits in Petty's 20X1 year-end inventory exceed the unrealized profits in its 20X2 year-end inventory, combined

  Describe what audit procedures should be used

You are a senior auditor working on a client who holds a large portfolio of mortgage obligations. Due to the soft housing market, the client has established a fairly significant loan loss reserve.

  In order to assist the managers and board of management you

a.in order to assist the managers and board of management you are compiling a resource which will define the various

  Harrison ford company has been approached by a new customer

harrison ford company has been approached by a new customer with an offer to purchase 10000 units of its model ij4 at a

  The varone company makes a single product called a hom the

the varone company makes a single product called a hom. the company has the capacity to produce 40000 homs per year.

  Accrual basis net income problem

During this past year Pat's collected $42,000 in tailoring fees, and paid $14,000 in expenses. Depreciation expense totaled $2,000. Accounts receivable increased $1,500, supplies increased $4,000, and accrued liabilities increased $2,500. Pat's ac..

  Explain the term faithful representation

One of the qualitative characteristics included in the revised framework is "faithful representation". Please evaluate the significance of faithful representation in the preparation of Financial Statements. You should Explain the term "faithful re..

  Comparative advantages and disadvantages of ideal

Explain the following in a memo to your instructor. The comparative advantages and disadvantages of ideal versus normal standards.

  Discussion on taxation

What type of tax rate structure does the U.S. tax system apply? What are the individual tax forms, and what factors are used to determine which one to use? What is taxable income, and how is it determined?

  Formulas of computing the variance analysis

Explain the concept behind the formulas of computing the variance analysis of direct materials, direct labor and factory overhead

  During 2014 the corporation had the following transactions

the stockholders equity accounts of miley corporation on january 1 2014 were as follows.preferred stock 7 100 par

  Couple elects gift splitting for the current year

In the current year, Donna gives $50,000 cash and $30,000 of stock to Mike. She also gives $40,000 of tax-exempt bonds to Angela. Her husband, Andy, gives $200,000 of land to Angela. Assume the couple elects gift splitting for the current year.

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