User Account

All Pages

How many units must racer sell in order to break even

Assignment Help Accounting Basics
Reference no: EM131811937

Question - Racer Industries has fixed costs of $900,000. Selling price per unit is $250 and variable cost per unit is $130

a. How many units must Racer sell in order to break even?

b. How many units must Racer sell in order to earn a profit of $480,000?

c. A new employee suggests that Racer Industries sponsor a company 10-K as a form of advertising. The cost to sponsor the event is $7,200. How many more units must be sold to cover this cost?

Reference no: EM131811937

Questions Cloud

Compute what is the target cost : Furthermore, management believes that the profit margin should be 40 percent of sales revenue. What is the target cost
How what you have learned about the culture you researched : How what you have learned about the culture you researched has impacted your general view about communicating with others different from yourself?
Company current ratio to the nearest tenth : The Shania Company December 31, 2015, balance sheet contains the following. The company's current ratio to the nearest tenth is, _____ to 1.
Shares of its common stock and later : During 2016, TNL Systems reacquired shares of its common stock and later sold shares in two separate transactions. Prepare the entries
How many units must racer sell in order to break even : How many units must Racer sell in order to break even? How many units must Racer sell in order to earn a profit of $480,000
What fraction of your money will be invested : Effectively, you want to undo the leverage of Microsoft. What fraction of your money will be invested in risk-free bonds?
Prepare the operating activities section of the cash flows : Loss on sale of equipment 26,000 710,000. Prepare the operating activities section of the statement of cash flows using the direct method
Agi deduction for health insurance premiums : Sharon is entitled to a for AGI deduction for health insurance premiums of: $0. $375. $4,100. $4,500.
Calculate the net increase-decrease in annual costs : Given this additional information, Calculate the net increase / decrease in annual costs. (Round your intermediate calculations to 2 decimal places.)

Reviews

Write a Review

Accounting Basics Questions & Answers

  Reversing journal entries at the beginning of every year

On 6/30/2013, Company ABC purchased bonds with a face value at $1,000,000 and 8% annual interest. Interests are payable on 6/30 every year.

  Calculate the company-wide net income

A segment of a business reported a contribution margin of $36,000 and controllable fixed costs of $12,000. The company-wide net income would have been

  Should a single measurement method be used

Should a single measurement method such as historical cost be used? Should the common framework lead to standards that are principles-based or rules-based?

  Prepare the journal entries microsoft used to record

Prepare the journal entries Microsoft used to record the declaration and payment of the cash dividend for its 8,908 million shares.

  The budget was based on an expected sales volume of 5000

nbspstatic budget income statementsales

  Amount of sales required to realize an operating income

If fixed costs are $1,500,000, the unit selling price is $250, and the unit variable costs are $130, what is the amount of sales required to realize an operating income of $200,000?

  Katara enterprises distributes a single product whose

katara enterprises distributes a single product whose selling price is 15.90 and whose variable expense is 11.10 per

  What amounts should be recorded for the accounts

What amounts should be recorded for the following accounts for the July 21 collection

  What conclusions can you draw from your analysis

Determine the percentage relationship between net income and net sales (net income divided by net sales) for 2007 and 2008.

  Process is in control or out of control

1. What control charts should be used to determine whether the process is in control or out of control? 2. Develop a control chart for each shift. Does there appear to be a difference between each shift?

  What is opportunity cost and why is it an important concept

What is opportunity cost and why is it an important concept in the capital budgeting process. The opportunity cost concept applies to almost every financial

  Company period-ending inventory

She also has another 250 units in her van, ready to deliver per a customer order, terms FOB destination, and another 70 units out on consignment to a friend who owns a retail store. How many units should Jenny include in her company's period-endin..

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