1. For the coming year, Bernardino Company anticipates a unit selling price of $85, a unit variable cost of $15, and fixed costs of $420,000.

What number of units must Bernardino sell in order to break-even?

How many units must be sold in order to realize an income of $70,000?

Determine the probable income (loss) from operations if sales total 8,000 units.

2.

What is the effect of a stock dividend on the Balance Sheet?

Select one:

Decrease total assets and decrease total stockholders equity

Decrease total assets and total increase stockholders equity

Increase total liabilities and decrease total stockholders equity

No effect on total assets, total liabilities or total stockholders equity