Determining the break even point

Assignment Help Accounting Basics
Reference no: EM13124895

Hess, Inc. sells a single product with a contribution margin of $12 per unit and fixed costs of $74,400 and sales for the current year of $100,000. How much is Hess's break even point.

Reference no: EM13124895

Questions Cloud

Probability that mean weight of men in sample is in range : Adult men have weights that are normally distributed with a mean of 172 lb and a standard deviation of 29 lb. Find the probability that the mean weight of the men in the sample is between 170 and 175 lb.
Business management : Business management
Loss from the transaction : Blue Company sold machinery for $45,000 on December 23, 2010. The machinery had been acquired on April 1, 2008, for $49,000 and its adjusted basis was $14,200. The § 1231 gain, § 1245 recapture gain, and § 1231 loss from this transaction are:
What are the concentrations of a and b : If the initial concentration of AB is 0.260 M, and the reaction mixture initially contains no products, what are the concentrations of A and B after 80 s?
Determining the break even point : Hess, Inc. sells a single product with a contribution margin of $12 per unit and fixed costs of $74,400 and sales for the current year of $100,000. How much is Hess's break even point.
Find the probability that the beagle-s weight is less : The weights of adult male beagles are normally distributed with a mean of 25 pounds and a standard deviation of 3 pounds. A beagle is randomly selected. Find the probability that the beagle's weight is less than 23 pounds.
Systems of equations-real life application : Suppose Frank owns 2000 shares of company X and 1000 shares of company Y. The total value of Franks holding for these 2 companies is $680,000 please write an equation for Bobs and franks holdings. Usa Variable X and Y to represent the values of sh..
Find out the amount of olaf and anna loss : Their taxable income for the current year, excluding the loss from the tornado, is $250,000. Find out the amount of Olaf and Anna's loss and the year in which they should take the loss.
Prepare a target diagram showing the list : Prepare a "target" diagram showing the list of steps your friend should follow.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Incremental effect on company overall profit

Hodge Inc. has some material that originally cost $74,600. The material has a scrap value of $57,400 as is, but if reworked at a cost of $1,500, it could be sold for $54,500.

  What are the tax consequences in year one

Britney is beneficiary of an $150,000 insurance policy on her father's life. Upon his death, she may elect to receive the proceeds in five yearly installments of $32,000 or may take the $150 lump sum. She elects to take the lump sum payment. What ..

  Show support for the bond payable discount by preparing

On June 1, 2002, a company purchased on the open market $20,000 of a company's non-convertible (or convertible) bonds (2% of $1,000,000 bonds outstanding) at a price of "60" ($12,000 cash) plus accrued interest.

  Compute the gross-margin percentage for each product

the solution of this exercise 16-27 Alternative methods of joint-cost allocation, product-mix decisions. The Southern Oil Company buys crude vegetable oil.

  Overhead rate-packaging-assembly departments

Tanner Bay Inc. has two departments, Assembly and Packaging. The company uses a job-order costing system and computes a predetermined overhead rate in each department. What is the predetermined overhead rate to be used in each department? Show comp..

  Mortgage bank securities

The return on MBS is independent of the default rate on the underlying mortgages. True or false and why?

  Problem regarding transactions

During the year, Ruby corporation, a calendar year taxpayer, has the following transactions:

  Cost of carbonated beverages

How would the concepts of utility, income, and substitution impact your purchases based on the rise in the cost of carbonated beverages?

  Calculate amount of cash and marketable securities

Using Excel show all formulas for following: Firm has current assets of 100 million and current liabilities of 50 million and goes belly-up.

  How would i do these accounting entries correctly

The total premium for each policy was paid in full (for all months) at the purchase date, and the Prepaid Insurance account was debited for the full cost. (Year-end adjusting entries for Prepaid Insurance were properly recorded in all prior years...

  Way to explain accounting to a non-accountant

What is the best way to explain accounting to a non-accountant? Analyze the importance of having a good understanding of accounting, and the implications of a lack of understanding have for business?

  Securities markets-economy

After the events of September 11, we were without our securities markets for few days. Though, it was a difficult condition, the markets opened in a few days and we managed.

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!

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