Harper company

Assignment Help Financial Accounting
Reference no: EM13922202

For 2013, Harper Company sold 93,000 units at a selling price of $21 per unit. Variable cost per unit was $15, and Harper's net income for the year was $53,000. What was the amount of Harper's fixed costs?

$1,113,000

$1,900,000

$505,000

$558,000

Reference no: EM13922202

Questions Cloud

What would risk-free rate have to be for two stocks : Stock Y has a beta of .99 and an expected return of 8.33 percent. Stock Z has a beta of .90 and an expected return of 8 percent. What would the risk-free rate have to be for the two stocks to be correctly priced relative to each other?
Black lantern company : Black Lantern Company uses the aging approach to estimate bad debt expense. The total Accounts Receivable balance at year end is $92,300. The balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $..
Extract of the company''s trading profit and loss account : The company's records show that the sale of housing units for January 2000 had been the same as for the corresponding month in the previous year at Sh.100 million.
Determine the available-to-promise quantities : The company uses a chase strategy for determining the production lot size, except there is an upper limit on the lot size of 70 units. Determine the available-to-promise (ATP) quantities for each period for Problem 21.
Harper company : For 2013, Harper Company sold 93,000 units at a selling price of $21 per unit. Variable cost per unit was $15, and Harper's net income for the year was $53,000. What was the amount of Harper's fixed costs.
Counting without counting : Let me tell you a little dirty secret about the mutual dislike between mathematicians and physicists.  It can escalate into a full blown war if diplomacy is not attempted properly.
The company''s total fixed cost amount : Perez Company's break-even point is 13,000 units. Its product sells for $28 and has a $13 variable cost per unit. What is the company's total fixed cost amount.
Firms revenues and net incomes are projected to grow : Assume a firm’s revenues and net incomes are projected to grow by 10% per year into the foreseeable future. What terminal value growth rate is most appropriate for the free cash flow valuation model when WACC is 11%?
Find containers stock account as at 31 december 2002 : Briefly explain the following terms as used in accounting for returnable containers: charge-out price, Credit-back price

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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