Explain the changes affect the break-even point
A company increased the selling price for its product from $5 to $6 per unit when total fixed expenses increased from $100,000 to $200,000 and variable expense per unit remained unchanged. How would these changes affect the break-even point?
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Vinita Ramaswamy recently acquired Wild Country Air. Wild Country has been in business for many years, and provides charter flights for remote fishing and camping enthusiasts.
Sophie is a single taxpayer, for the first payroll period in Oct 2009, she is paid wages of $3,250 monthly. Sophie claims three allowances on her form W-4.
For 2012, Roberta is a self-employed truck driver with earnings of 43,000 from her business. During the year Roberta received 2,500 in interest income and dividends of 500. She also sold investment property.
Despite its many drawbacks with the Code some folks think that it does raise and support collection of large sums of money.In you opinion does the Code do a good job raising and supporting the collection of revenue for the government?Why or why no
A company increased the selling price for its product from $5 to $6 per unit when total fixed expenses increased from $100,000 to $200,000 and variable expense per unit remained unchanged.
On January 1, 2012, Alison, Inc., paid $91,200 for a 40 percent interest in Holister Corporation's common stock. This investee had assets with a book value of $268,500 and liabilities of $98,500.
If no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to stockholders? Explain and interpret the positive and negative signs of your answers (a) through (d).
Crood, Inc. sells $1,000,000 general obligation bonds for $98.00. The interest rate on the bonds, paid quarterly, is 6%.Calculate the amount that the company will actually receive from the sale of the bonds.
According to the company's records, the conversion cost in beginning work in process inventory was $79,893 at the beginning of June. Additional conversion costs of $343,830 were incurred in the department during the month.
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