Entries by Hannah Wangui

On Jan 1, How Co. issued 9,000 shares of $3 par common stock for $7 per share. On Feb 1, the company purchased 3,000 shares for Treasury Stock for $18,000 total. On Mar 1, the company’s Board declared a 33% stock dividend on all outstanding shares. Stock on Mar 1 was selling for $7 per share. The journal entry for Mar 1 would include which one of the following components? A. a CREDIT to Cash for 14,000 B. a CREDIT to Retained Earnings for 6,000 C. a DEBIT to Additional Paid in Capital for 6,000 D. a CREDIT to Common Stock for 9,000 E. a DEBIT to Additional Paid in Capital for 24,000 On Feb 1, the company purchased 3,000 shares for Treasury Stock for $18,000 total. On Mar 1, the company’s Board declared a 33% stock dividend on all outstanding shares. Stock on Mar 1 was selling for $7 per share. The journal entry for Mar 1 would include which one of the following components? A. a CREDIT to Cash for 14,000 B. a CREDIT to Retained Earnings for 6,000 C. a DEBIT to Additional Paid in Capital for 6,000 D. a CREDIT to Common Stock for 9,000 E. a DEBIT to Additional Paid in Capital for 24,000

August 13, 2019 in /by

On Jan 1, How Co. issued 9,000 shares of $3 par common stock for $7per share. On Feb 1, the company purchased 3,000 shares for Treasury Stock for $18,000 total. On Mar 1, the company’s Board declared a 33% stock dividend on all outstanding shares. Stock on Mar 1 was selling for $7 per share. […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Our company sells its product for $60 per unit and has a variable cost of $30 per unit. Total fixed costs equal $20,000. What would be the breakeven point in units if the fixed costs decreased by $2,000? a. 500 b. 600 c. 1,000 d. 1,200 2.Our company sells its product for $100 per unit and has a variable cost of $40 per unit. Total fixed costs equal $18,000. The breakeven in units is 300, and we expect to sell 350 units. What is the margin of safety in dollars? a.($5,000) b. 3,000 c.($3,000) d.$5,000 3.What are costs that do not change in total over a wide range of volume? a.variable costs b.fixed costs c.mixed costs d.relative costs 4.Fixed costs per unit will: A.increase as volume increases b. remain the same regardless of changes in volume c. decrease as volume increases d.decrease as volume decreases 5.Which of the following is a fixed cost? a.direct materials b.wages of production workers c.salary of production manager d. sales commissionTotal fixed costs equal $20,000. What would be the breakeven point in units if the fixed costs decreased by $2,000? a. 500 b. 600 c. 1,000 d. 1,200 2.Our company sells its product for $100 per unit and has a variable cost of $40 per unit. Total fixed costs equal $18,000. The breakeven in units is 300, and we expect to sell 350 units. What is the margin of safety in dollars? a.($5,000) b. 3,000 c.($3,000) d.$5,000 3.What are costs that do not change in total over a wide range of volume? a.variable costs b.fixed costs c.mixed costs d.relative costs 4.Fixed costs per unit will: A.increase as volume increases b. remain the same regardless of changes in volume c. decrease as volume increases d.decrease as volume decreases 5.Which of the following is a fixed cost? a.direct materials b.wages of production workers c.salary of production manager d. sales commission

August 13, 2019 in /by

Our company sells its product for $60 per unit and has a variable cost of $30 per unit. Total fixed costs equal $20,000. What would be the breakeven point in units if the fixed costs decreased by $2,000?  a. 500 b. 600 c. 1,000 d. 1,200 2.Our company sells its product for $100 per unit […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

11.Our company sells a product for $150 per unit. Variable costs are $90 per unit and fixed costs are $18,000. The company expects to sell 800 units this year. What is the contribution margin in total dollars? a.60 b.$18,000 c.$30,000 d.$48,000 2.Our company sells a product for $120 per unit. Variable costs are $90 per unit and fixed costs are $9,000. The company expects to sell 500 units this year. What is the breakeven point in total sales dollars? a.$45,000 b.$48,000 c.$54,000 d.$36,000 3.Our company sells a product for $120 per unit. Variable costs are $90 per unit and fixed costs are $4,000. The company expects to sell 200 units this year. What are the required sales in dollars needed to earn a profit of $5,000? a.$24,000 b. $30,000 c. $36,000 d. $40,800 4.Our company has reviewed the utilities bills for our company. We have determined that the highest and lowest bills were $5,600 and $3,200 for the months of January and September. If we produced 1,200 and 600 units in these months, what was the variable cost per unit associated with the utilities bill? A. $4.67 b. $5.33 c. $4.00 d. $5.00 5.Which of the following is true? a. An increase in sales price per unit decreases the contribution margin per unit. b. An increase in sales price per unit increases the number of units required to break even. c. When the sales price per unit decreases, the breakeven point increases. d. When the sales price per unit increases, the contribution margin per unit remains the same. The company expects to sell 800 units this year. What is the contribution margin in total dollars? a.60 b.$18,000 c.$30,000 d.$48,000 2.Our company sells a product for $120 per unit. Variable costs are $90 per unit and fixed costs are $9,000. The company expects to sell 500 units this year. What is the breakeven point in total sales dollars? a.$45,000 b.$48,000 c.$54,000 d.$36,000 3.Our company sells a product for $120 per unit. Variable costs are $90 per unit and fixed costs are $4,000. The company expects to sell 200 units this year. What are the required sales in dollars needed to earn a profit of $5,000? a.$24,000 b. $30,000 c. $36,000 d. $40,800 4.Our company has reviewed the utilities bills for our company. We have determined that the highest and lowest bills were $5,600 and $3,200 for the months of January and September. If we produced 1,200 and 600 units in these months, what was the variable cost per unit associated with the utilities bill? A. $4.67 b. $5.33 c. $4.00 d. $5.00 5.Which of the following is true? a. An increase in sales price per unit decreases the contribution margin per unit. b. An increase in sales price per unit increases the number of units required to break even. c. When the sales price per unit decreases, the breakeven point increases. d. When the sales price per unit increases, the contribution margin per unit remains the same

August 13, 2019 in /by

1.Our company sells a product for $150 per unit. Variable costs are $90 per unit and fixed costs are $18,000. The company expects to sell 800 units this year. What is the contribution margin in total dollars? a.60 b.$18,000 c.$30,000 d.$48,000 2.Our company sells a product for $120 per unit. Variable costs are $90 per […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

uestion On Jan 1, How Co. issued 9,000 shares of $3 par common stock for $7 per share. On Feb 1, the company purchased 3,000 shares for Treasury Stock for $18,000 total. On Mar 1, the company’s Board declared a 33% stock dividend on all outstanding shares. Stock on Mar 1 was selling for $7 per share. The journal entry for Mar 1 would include which one of the following components? A. a CREDIT to Cash for 14,000 B. a CREDIT to Retained Earnings for 6,000 C. a DEBIT to Additional Paid in Capital for 6,000 D. a CREDIT to Common Stock for 9,000 E. a DEBIT to Additional Paid in Capital for 24,000

August 13, 2019 in /by

uestion On Jan 1, How Co. issued 9,000 shares of $3 par common stock for $7per share. On Feb 1, the company purchased 3,000 shares for Treasury Stock for $18,000 total. On Mar 1, the company’s Board declared a 33% stock dividend on all outstanding shares. Stock on Mar 1 was selling for $7 per […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"