What is the break-even selling price

Assignment Help Accounting Basics
Reference no: EM133173293

Question - Home Hardware paid $85 for a particular type of drill. Expenses are 23% of selling price and the required profit is 16% of selling price.

1) What is the regular selling price?

2) What is the break-even selling price?

3) During an inventory sale, the drill was marked down 16% on the regular selling price. What is the sale price?

4) What is the operating profit or loss during the inventory sale?

Reference no: EM133173293

Questions Cloud

Calculate the rate of commission that the bank charges : A bank in Mississauga has a buying rate of ¥1 = C$0.01005. If the exchange rate is ¥1 = C$0.01025, calculate the rate of commission that the bank charges to buy
Prepare the journal entry to record the exchange : Splish Brothers also paid $300 cash in the transaction. Prepare the journal entry to record the exchange, assuming the transaction lacks commercial substance
Pros and cons of available communication channels : When addressing a global audience, understanding the pros and cons of available communication channels is essential.
Prepare the entries on the books of splish ltd : Prepare the entries on the books of Splish Ltd. to record (a) the purchase of the patent, (b) amortization for first year (2017), (c) the defense of the patent
What is the break-even selling price : Expenses are 23% of selling price and the required profit is 16% of selling price. What is the break-even selling price
Analyze the Various Types of HRM Policies : Describe the issues and challenges you encountered in your investigation and the impact it has on the organization.
What would be the total annual cash inflows : 1. What would be the total annual cash inflows associated with the new van for capital budgeting purposes. Calculate the IRR promised by the new van
Critical evaluation outlining a change : Justify and apply project management tools and techniques to execute, manage change and control local and global projects
Analyze the Policy Analysis Process : A critical aspect of policy analysis is development. What factors contributed to creating policy? What collaboration is required to create policy?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How is it organized from a consolidated viewpoint

Based on research from Target Corporation, explain the corporate structure in terms of consolidation. How is it organized from a consolidated viewpoint

  Colen corporation produces and sells a single product in

colen corporation produces and sells a single product. in january the company sold 1700 units. its total sales were

  Discuss with amnah why statistical sampling should be used

In addition, you have a great deal of training in the proper use of sampling techniques. Discuss with Amnah why statistical sampling should be used

  Coupons will be presented for redemption

It is estimated that 80% of the coupons will be presented for redemption. Sales for the first period were $700,000, and the coupons redeemed totaled 340,000.

  What was the definition of the market

As discussed in class, what was the definition of the "market" when we think in terms of RM? Supply, demand, competition/ products, customers

  Perform the two NPV calculations

You both decided to finance the project using your own funds. Perform two NPV calculations and provide narrative of how you calculated both computations and why

  Compute Selma gross income from merchandise sales

At the end of 2019, the cost of merchandise on hand was $300,000. Compute Selma's gross income from merchandise sales for 2019

  Compute the book value per share before the stock dividend

On October 1, Kosko declares anddistributes a 10% stock dividend when the market value of the stockis $15 per share. Compute the book value per share (1) before the stock dividend and (2) after the stockdividend.

  What is the contribution margin per rider

The bus line's variable costs are $35 per rider: and its fixed costs are $75,000 each month. What is the contribution margin per rider

  What was the cost of goods sold

Increase in merchandise inventory $5,000. Accounts payable is used solely for the purchase of inventory. What was the cost of goods sold

  Discuss various operating expenses

The cash payment is in addition to the $650,000 paid for other operating expenses

  Calculate the output required of the replacement machine

Fixed cost per annum (including depreciation): R600,000. Calculate the output required of the replacement machine to make an investment in it worthwhile

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