How much should be in the firms interest payable account
Martin & Associates borrowed $5,000 on April 1, 2013 at 8% interest with both principal and interest due on March 31, 2014. How much should be in the firm's interest payable account at December 31, 2013?
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Basically, we have FOB shipping point and FOB destination. With FOB shipping point, the ownership (title) passes to the buyer as soon as the merchandise leaves the seller's dock (i.e. in transit).
If kasper produces a single product and sells it at $ 200 per unit. He variable cost of the product is $ 120 per unit an fixed cost for the year is $ 96,000. Calculate its P/V ratio and Sales at break even point.
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Siemens made sales in two successive years 7000 units and 9000 units respectively and has incurred a loss of $ 10,000 and a earned a profit of $ 10,000 respectively. Find the fixed cost and the number of break even units?
Martin & Associates borrowed $5,000 on April 1, 2013 at 8% interest with both principal and interest due on March 31, 2014.
If margin of safety is $ 240000 ( which is 40% of sales) and P/V Ratio is 30%. Calculate the Break Even Sales, and the amount of Profit on sales of $ 900000.
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If an Iron Industry has earned contribution of $ 2,00,000 and net profit of $ 1,50,000 on sales of $ 8,00,000. What would be its margin of safety.
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