FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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If fixed costs are $1,262,000, the unit selling price is $210, and the unit variable costs are $124, the break-even sales (units) if fixed costs are increased by $42,100 is
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- If fixed costs are $1,214,000, the unit selling price is $204, and the unit variable costs are $109, what is the break-even sales (units) if fixed costs are increased by $41,200? a.19,819 units b.15,855 units c.13,213 units d.10,570 unitsarrow_forwardIf sales are $30,000, fixed costs are $10,000, and variable costs are $7,000 what is the contribution margin ratio? O 0.594 O 0.767 O 0.612 0.659arrow_forward2arrow_forward
- Using the Adjusted column in this problem, record any necessary closing entriesarrow_forwardIf fixed costs are $1,260,000, the unit selling price is $202, and the unit variable costs are $110, the break-even sales (units) if fixed costs are increased by $43,800 is a.14,172 units b.17,006 units c.11,337 units d.21,258 unitsarrow_forwardProblem 08-42 (Algo) [LO 8-1, 8-9] Five years ago, Firm SJ purchased land for $101,000 with $10,000 of its own funds and $91,000 borrowed from a commercial bank. The bank holds a recourse mortgage on the land. For each of the following independent transactions, compute SJ's positive or negative cash flow. Assume that SJ is solvent, any recognized loss is fully deductible, and SJ's marginal tax rate is 21 percent. Required: a. SJ sells the land for $34,000 cash and the buyer's assumption of the $80,000 principal balance of the mortgage. b. SJ sells the land for $114,000 cash and pays off the $80,000 principal balance of the mortgage. c. SJ sells the land for $82,500 cash and pays off the $80,000 principal balance of the mortgage. d. SJ defaults on the $80,000 mortgage. The bank forecloses and sells the land at public auction for $64,100. The bank notifies SJ that it will not pursue collection of the $15,900 remaining debt. e. SJ defaults on the $80,000 mortgage. The bank forecloses and…arrow_forward
- If fixed costs are $283,000, the unit selling price is $72, and the unit variable costs are $51, what are the old and new break-even sales in units (rounded to a whole number) if the unit selling price increases by $5? a.3,931 units and 13,476 units b.13,476 units and 3,931 units c.5,549 units and 10,385 units d.13,476 units and 10,885 unitsarrow_forwardIf fixed costs are $1,337,000, the unit selling price is $228, and the unit variable costs are $110, the amount of sales (units) required to realize an operating income of $233,000 isarrow_forwardIf fixed costs are $332,000, the unit selling price is $74, and the unit variable costs are $53, the old and new break-even sales (units), respectively, if the unit selling price increases by $8 are a.15,810 units and 4,486 units b.6,264 units and 10,948 units c.15,810 units and 11,448 units d.4,486 units and 15,810 unitsarrow_forward
- Please help me with show all Calculation thankuarrow_forwardAt the break-even point of 2600 units, variable costs are $56000, and fixed costs are $35000. How much is the selling price per unit?arrow_forwardIf fixed costs are $1,226,000, the unit selling price is $220, and the unit variable costs are $100, what is the break-even sales (units) if fixed costs are increased by $30,100?arrow_forward
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