Bha (Break-even point and selling price) Specially Steel, Inc will manufacture and sell 200,000 units next year. Fixed costs will total $340,000, and variable costs will be 40 percent of salesa. The firm wants to achieve a level of earnings before interest and taxes of $260 000 What selling price per unit is necessary to achieve this result?b. Set up a pro forma income statement to verify your solution to part aa. What selling price per unit is necessary to achieve a level of earnings before interest and taxes of $260,000?(Round to three decimal places.)b. Set up a pro forma income statement to verify your solution to part a (Round up all items to the nearest dollar.]SalesLess: Variable costs (40% of sales)Revenues before fixed costsLess: Fixed costsEBIT$ 260,000

Income statement is a financial statement that shows profitability, total revenue and total…

Answered: (Break-even point and selling price)…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Piper Specialty Store Ltd. completed the following merchandising transactions in the month of May 2021. At the beginning of May, Piper's ledger showed Cash $7,000; Accounts Receivable $1,900; Inventory $3,500; Common Shares $7,800; and Retained Earnings $4,600. Piper Specialty has experienced a return rate of 2% of sales and uses a perpetual inventory system. Purchased merchandise on account from Depot Wholesale Supply Ltd. for $5,340, terms 1/10, n/30, FOB shipping point. May 3 Freight charges of $137 were paid by the appropriate party on the merchandise purchased on May 1. Sold merchandise on account to Yip Company for $3,500, terms n/30, FOB destination. The cost of the merchandise was $2,400. 7 Freight charges of $86 were paid by the appropriate party on the May 4 sale. 8. Received a $140 credit from Depot Wholesale Supply when merchandise was returned. Paid Depot Wholesale Supply in full. 11 Purchased supplies for $390 cash. 14 Received payment in full from Yip Company for…
Use the following accounts; Cash Foreign exchange gain Foreign exchange loss Capital Bank Short-term investments Loss on sale of short-term investment Gain on sale of short-term investment RA established his own company, r@ktas Co. The following transactions are the events that occurred during December 2018, the company's first month: Date 12/1 The owner invested $ 200,000 cash for capital. 12/5 r@ktas Co., opened deposit account on Don't Trust Bank and put 2.000 Euro (Exchange rate was 1 Euro= 1,5 Dollar) 12/10 The Company purchased short-term investment with cash for $2,500. 12/18 The Company sold short-term investment with cash for $2.000 Note: • Exchange rate was 1 Euro= 1,4 Dollar at the end of the period. Requirements: 1- Give the journal entry for each transaction. 2- Post each transaction to Taccounts.
Q. 7 a) Discuss the main assumptions of CAPM theory. b) Discuss the theoretical and practical problems of the САРМ.
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Answer each of the following independent question: a and b
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What is difference between Musharakah and Ijarah explain with example ?

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