Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 28, 2024

Gordon Enterprises has expected sales of 12 000 units at $500 each from. It expects to make a profit of $1.5m at this level.If the

Gordon Enterprises has expected sales of 12 000 units at $500 each from. It expects to make a profit of $1.5m at this level.If the margin of safety ratio is 25%, what is the break-even point?

a.1 440 units

b.9 000 units

c.10 560 units

d.3 000 units

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Accounting

Authors: Timothy Doupnik, Hector Perera

3rd Edition

978-0078110955, 0078110955

More Books

Students also viewed these Accounting questions

Question

★★★★★

Neal, Palmer, and Ruppe are partners in a real estate company. Their respective capital balances and profit-sharing ratios are as follows: Neal wishes to withdraw from the partnership on January 1,...

Answered: 1 week ago

Question

★★★★★

Disposal of an Asset J. Electronics purchased a warehouse on January 1, 1992, for $950,000. At the time of purchase, J. Electronics anticipated the warehouse would be used to facilitate its expanded...

Answered: 1 week ago

Question

★★★★★

Describe options for qualitative analysis, along with selected computer programs that are available, and critically assess interpretation issues related to qualitative data analysis, including use of...

Answered: 1 week ago

Question

★★★★★

You work for a CPA firm that has been hired by Widget Tek Inc., a merchandising company that is getting ready to expand. The president of Widget Tek Inc. is concerned with obtaining a loan for the...

Answered: 1 week ago

Question

★★★★★

The stockholders equity section of the Olivia Corporations balance sheet at December 31, 2019, appears below: Stockholders equity Paid-in capital Common stock, $10 par value, 400,000 shares...

Answered: 1 week ago

Question

★★★★★

The auditors of STA, Inc., a calendar-year corporation, obtained the selected information for years 1 and 2 located in the exhibit below. Selected information Year 2 Year 1 Gross revenue $ 63,000,000...

Answered: 1 week ago

Question

★★★★★

Calculate the total merchandise cost Given the following, calculate the total merchandise cost. Beginning inventory $300 Ending inventory $400 Cost of Goods Sold $1,600 Marketing cost $100...

Answered: 1 week ago

Question

★★★★★

Recall the Five-Component of Information Systems. Can you identify each component that contact tracing needs to make it work? You need to think beyond the application and carefully examine each...

Answered: 1 week ago

Question

★★★★★

1. A 75 kg skier starts with an initial speed of 2 m/s down a 40 m high ramp. They launch off a ramp that is 8 m above the ground. (a) Determine the skier's velocity when launching off the ramp. (b)...

Answered: 1 week ago

Question

★★★★★

JigSaw Puzzle Company produces puzzles in small batches. The company uses operation costing and manufactures their puzzles in four operations. In the Cutting operation, the puzzle pieces are cut to...

Answered: 1 week ago

Question

★★★★★

11 volume and surface area en: Problem 5 Previous Problem Problem List Next Problem (1 point) Consider the following set. =x}. D= {(x, y, z) | the solid shape which is enclosed by the paraboloid z =...

Answered: 1 week ago

Question

★★★★★

When would each approach be appropriate. Let nature take its course . Allowing those who will be affected by change to recognize and to adjust to the implications in their own time. Attraction...

Answered: 1 week ago

Question

★★★★★

1. What information of vital importance is not expressed in the message? The answer to the question tells us a little about the code used between the parties.

Answered: 1 week ago

Question

★★★★★

2. Find five metaphors for communication.

Answered: 1 week ago

Question

★★★★★

5. Starting with a motive you may have for acting the way you do in a particular situation: a) What purpose did you seek to achieve? b) Which aspects of your past and your surroundings influenced...

Answered: 1 week ago

Previous Question Next Question