Fixed costs and the break-even point mini-kool hopes to

Assignment Help Accounting Basics
Reference no: EM13600250

(Fixed costs and the break-even point) Mini-Kool hopes to earn $70,000 next year after taxes. Sales will be $2,500,050. The firm's single plant manufactures only small refrigerators. These are used in many recreational campers. The refrigerators sell for $75 per unit and have a variable cost of $58. Mini-Kool experiences a 45 percent tax rate.
a. What are the firm's fixed costs expected to be next year?
b. Calculate the firm's break-even point both in units and dollars.

Reference no: EM13600250

Questions Cloud

What factors should a company consider when choosing an : the following schedule summarizes the inventory purchases and sales of brooks street enterprises during january 2009
Provide a brief numerical example that would indicate why a : discuss how depreciation is calculated under the straight-line units-of-production and double-declining-balance
In a period of rising prices for a specific product does : in a period of rising prices for a specific product does the fifo or lifo inventory costing method yield the higher
Tiberand inc sold 150000 in inventory to schilling company : tiberand inc. sold 150000 in inventory to schilling company during 2010 for 225000. schilling resold 105000 of this
Fixed costs and the break-even point mini-kool hopes to : fixed costs and the break-even point mini-kool hopes to earn 70000 next year after taxes. sales will be 2500050. the
Assume that the venture is undertaken and an order is : the marbury stein shop sells steins from all parts of the world. the owner of the shop clint marbury is thinking of
Assume that the company expects to sell 40000 units next : due to erratic sales of its sole product- a disposable pocket camera - markline compnay has been experiencing
On nov 12 ms don amp co sold merchandise on account to : prepare a sales journal based on the information given and post it to the accounts receivable subsidiary ledger using
Challenges to convergence of igaap with us gaap include all : challenges to convergence of igaap with u.s. gaap include all of the following except-political issues result in

Reviews

Write a Review

Accounting Basics Questions & Answers

  1 parent company owns 90 of the stock of subsidiary

1. parent company owns 90 of the stock of subsidiary company.2. on 1102 subsidiary company purchased equipment at a

  The new unit has a larger capacity and bravo estimates it

bravo baking co is considering replacing an older freezer with a larger unit to freeze some of its bread. the new unit

  Convergence of united states accounting standards

Within today's international business environment, there has been a great deal of discussion about the convergence of United States accounting standards

  On the basis of given data find out the value of the

on the basis of the following data determine the value of the inventory at the lower of cost or

  Addmiston manufacturing company reported the following year

Addmiston Manufacturing Company reported the following year-end information: beginning work in process inventory, $80,000; cost of goods manufactured, $780,000; beginning finished goods inventory, $50,000; ending work in process inventory, $70,..

  Debit to interest expense

The journal entry required on the company'sbooks to record the interest paid on December 31, 2009, would include a debit to interest expense of?

  Consolidated financial statements basics

In the current year, Company C lost $100,000. How should the parties report the above arrangements in its consolidated financial statements?

  Which of the following statements concerning audit evidence

which of the following statements concerning audit evidence is true?a clients accounting data can be sufficient audit

  Revenue total 10200 expense total 7300 withdrawls total

revenue total 10200. expense total 7300. withdrawls total 2600. what is the balance on the income summary account prior

  Sales in inventory for raw materials

Compute the (a) inventory turnover, defined as cost of goods sold divided by average inventory, and (b) days' sales in inventory, defined as 365 times ending inventory divided by cost of goods sold, for both its raw materials inventory and its fin..

  Below are the adjusted accoutns of jims electrical service

below are the adjusted accoutns of jims electrical service for the month ended may 31 2013accts. payable 600accts. rec.

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