User Account

All Pages

Calculate the number of units needed to break-even

Assignment Help Accounting Basics
Reference no: EM132803952

Griffin buys and sells ladies' handbags. The average selling price is $560 per bag. Average variable costs (purchase price of bags plus freight costs and selling expenses) amounts to $180 per bag. Griffin's fixed costs equal $1,744,000 per year.

Problem 1: Calculate the number of units needed to:

1. Break-even: Answer

2. Earn $251,000 income: Answer

3. Earn income equal to 24% of total sales: Answer

Reference no: EM132803952

Questions Cloud

Describing the system model of organizational behavior : Required: Describing the System Model of organizational behavior in Coloroutte Cosmetics owned by Nina Ellaine Dizon
Find the amount to be included as gross income : She received P113,000 for the song she wrote; and P80,000 for her property that us planted with banana. Find the amount to be included as gross income in 2020
Find abc corporation should report dividends in arrears : ABC Corporation paid a cash dividend P20,000 on its preference shares. ABC Corporation should report dividends in arrears in its 2019 financial statements as
What should be the balance in abc corporation share premium : What should be the balance in ABC Corporation's share premium account immediately after the reverse share split is declared?
Calculate the number of units needed to break-even : Calculate the number of units needed to Break-even. Griffin buys and sells ladies' handbags. The average selling price is $560 per bag.
What if contraindications are identified for a patient : It has become common practice for people to supplement their diets with pills, smoothies, teas, herbals, and other complementary practices.
Prepare the journal entry to record the retirement of bonds : McEvoy, Inc., purchased $330,000 of its bonds at 96 on June 30, 2020, and immediately retired them. Prepare the journal entry to record the retirement of bonds
Assess the value of quarantine and isolation : Assess the value of quarantine and isolation in controlling disease due to biological terrorism. Use a specific example to support your position.
Calculate the NPV and IRR of the gates : Aside from the purchase price, the gates will require a working capital infusion at purchase of $200,000. Calculate the NPV and IRR of the gates

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd