What are sales at the break-even point

Assignment Help Accounting Basics
Reference no: EM13155084

Variable expenses for Alpha Company are 40% of Sales. What are sales at the break-even point, assuming that fixed expenses total $150,000 per year:

A) $250,000.

B) $375,000.

C) $600,000.

D) $150,000.

Reference no: EM13155084

Questions Cloud

Accelerated method for tax purposes : A company uses straight-line depreciation for financial reporting purposes but an accelerated method for tax purposes. Is it acceptable to use different methods for the two purposes? What is Lopez's motivation for doing this?
Stock and fair market value problem : Sidney exchanged property with an adjusted basis of 25,000 and a fair market value of 33,000 for 330 shares of stock. Edgar performed services valued at 33,000 for 330 shares of stock. The fair market value of Parody Corp's stock is 100 per share...
How information affect her taxable income : Norma, the proprietor of Hyacinth Enterprises, withdrew $50,000 from Hyacinth during the year. Assuming Norma has no other capital gains or losses, how does this information affect her taxable income for 2009?
Dressing in work-in-process inventory : The Cruise Salad Company began March with zero cases of its Thousand Island dressing in work-in-process inventory. During March, Cruise started 125,000 cases into production.
What are sales at the break-even point : Variable expenses for Alpha Company are 40% of Sales. What are sales at the break-even point, assuming that fixed expenses total $150,000 per year:
Journal entry to record the issuance of the bonds basics : Prepare the journal entry to record the issuance of the bonds and the related bond issue costs incurred on January 1, 2009.
Paid-in capital-excess of par : Mitchell's usual billing rate is $700 per hour, and Fink's stock has a book value of $250 per share. By what amount will Fink's Paid-in capital - excess of par increase for this transaction?
Explain what is the rate constant for the reaction : Suppose that each sphere represents 6.7×1021 molecules and that the volume of the container is 1.0 L. What is the rate constant for the reaction in the usual units?
Information in the financials and other information : Prepare an 10-minute presentation and make a recommendation about buying the stock based on the information in the financials and other information which you gather.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Amount of revenue for constructing large hotel

Wynn, Inc. has contract to construct a large hotel for $12,000,000. The contract was signed on the month January 2, 2010 and it was expected that the hotel would be complete on the month of December 31, 2013. Under these situations, what amount of ..

  Estimate gain and net reduction in retained earnings

On that date, when the market price of Hunter was $14 per share, there were 90,000 shares of Pierson outstanding. What gain and net reduction in retained earnings would result from this property dividend?

  What was the cost of goods manufactured during november

The Work in Process inventory account of Phelan Corporation increased $23,000 during November 2013. Costs incurred during November included $24,000 for direct material, $126,000 for direct labor, and $42,000 for overhead. What was the cost of good..

  Issue of long-term bonds payable

In connection with the audit of an issue of long-term bonds payable, the auditor should

  Fund level entries in general journal

Provide the fund level entries in general journal form required to conform to generally accepted accounting principles. If no entry is needed, so indicate.

  Experience an unfavorable labor rate variance

Which of the following is the most probable reason a company would experience an unfavorable labor rate variance and a favorable labor efficiency variance?

  Shareholders in blackstone

Greystoke, Inc. acquires the assets of Blackstone, Ltd. for its voting convertible preferred stock and assumes liabilities of $60,000. The assets have a basis of $250,000 and a value of $380,000. One of the shareholders in Blackstone trades her ol..

  Credit to service revenue

Topeka Bike Company received a $940 check from a customer for the balance due. The transaction was erroneously recorded as a debit to Cash $490 and a credit to Service Revenue $490. The correcting entry is:

  Problem on job order cost system

Harna, Inc. uses a job order cost system. During the year the company decreased Manufacturing Overhead by $400,000. Which of the following most likely should be recorded at the same time?

  Schedule of future taxable and deductible amounts

Prepare a schedule of future taxable and deductible amounts. Prepare the journal entry to record income tax expense, deferred taxes, and income taxes payable for 2007, assuming a tax rate of 40% for all years

  Compute the debt-to-equity ratios for both companies

At the end of the current year, the following information is available for both Kumar Company and Asher Company.

  Amount of interest income of foster company

On January 1, 2004, Foster Company sold property to Agler Company which originally cost Foster $570,000. There was no established exchange price for this property.

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