answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
icang [17]
1 year ago
9

Sheridan Company has two divisions—Standard and Premium. Each division has hundreds of different types of tennis racquets and te

nnis products. The following information is available: (Round answer to 0 decimal places, e.g. 5,275.) Standard Division Premium Division Total Sales $300000 $700000 $1000000 Variable costs $210000 420000 Contribution margin $90000 $280000 Total fixed costs $300000 What is the break-even point in dollars? a. $500000.
b. $810811.
c. $1304348.
d. $111000.
Business
1 answer:
natita [175]1 year ago
3 0

Answer:

Break-even point in dollars is b) 810,811

Explanation:

Break-even point is the amount of sales in a company when there is no lost nor earnings. When the sales cover both fixed costs and variable costs.

It is calculated with the fixed cost divided to the porcentage of contribution margin.

step 1: % of contribution margin

CMg/total sales

($90,000+$280,000)/$1,000,000=0.37 %CMg

Step 2: Break-even point

FC/%CMg

$300,000/0.37=$810,811

You might be interested in
1. An assembly line with 30 activities is to be balanced. The total amount of time to complete all 30 activities is 60 minutes.
trapecia [35]

Answer:

a. What are the maximum and minimum cycle times?

The maximum cycle time is 60 minutes and the minimum cycle time is 2.4 minutes.

b. How much daily output will be achieved by each of those cycle times?

Daily output = CT = A/R

For max CT = 480/60 = 8 units per day

For min CT = 480/2.4 = 200 units per day.

2. In problem 1, suppose the line is balanced using 14 workstations and a finished product can be produced every 4.5 minutes.

a. What is the production rate in units per day?

CT = A/R or 4.5 = 480/R or R = 106.66 units/day

b. What is the assembly-line efficiency?

Efficiency = 60/[4.5(14)] =0.95 or 95.2% percent efficiency.

5 0
2 years ago
On June 30, a company provides $900 of services to customers on account. It usually takes the company one week to mail bills to
pav-90 [236]

Answer:

b. Debit Accounts Receivable $900, Credit Service Revenue $900

Explanation:

In this scenario, services was performed; invoice was issued. Thus revenue must be recorded in June, though customer has not paid yet

a. Debit Accounts Receivable $900, Credit Deferred Revenue $900

False, because Deferred Revenue is about the revenues received in advance for services which have not yet been performed or goods which have not yet been delivered.

b. Debit Accounts Receivable $900, Credit Service Revenue $900

True, because revenue was recorded but customer has not paid yet.

c. Debit Cash $900, Credit Deferred Revenue $900

False, because customer has not paid yet

d. Debit Cash $900, Credit Service Revenue $900

False, because customer has not paid yet

4 0
2 years ago
Jennifer's two favorite flavors of soda are cola and lemon-lime. On a normal week, Jennifer bought 3 cola
irina [24]
I got 2 that’s what I got
5 0
2 years ago
Getting a college degree is a good idea because _____.
Aliun [14]
B. because having a degree could help you with money
5 0
2 years ago
Read 2 more answers
The following information is available for two different types of businesses for the Year 1 accounting year. Hopkins CPAs is a s
Firdavs [7]

Answer:

Please see attached detailed explanation.

Explanation:

Please find attached detailed preparation of income statement, balance sheet and cash flow statement for the above.

4 0
2 years ago
Other questions:
  • Jon P. Farmer is the founder of Kolopua Hawaii LLC, a company that markets Pure Hawaiian Air. Bottles of Pure Hawaiian Air conta
    11·1 answer
  • On January 1, 2018, the stockholders’ equity section of Nance Corporation shows: Common stock ($5 par value) $1,500,000; paid-in
    11·1 answer
  • On October 1, Gala Corporation has 300 units of Product XYZ on hand. The company plans to sell 1,200 units of Product XYZ during
    8·1 answer
  • EA5.
    14·1 answer
  • Kobe is part of a group of managers at Earthbound Engineering examining whether the company should offer some significant new se
    10·2 answers
  • Sunset Products manufactures skateboards. The following transactions occurred in March:
    15·1 answer
  • A perpetuity will pay $1000 per year, starting five years after the perpetuity is purchased. What is the present value (PV) of t
    8·1 answer
  • Internet recruiting can limit the fairness in hiring because: a. individuals from lower socioeconomic groups mostly have limited
    6·1 answer
  • Read "Knowledge and Globalization" on page 375 in the textbook. Should governments take measures, legal or otherwise, that prote
    13·1 answer
  • At January 1, 2021, Café Med leased restaurant equipment from Crescent Corporation under a nine-year lease agreement. The lease
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!