Answer:

**Answer:**

**(a) the break-even point in dollars for 2019 = $2,060,400.00**

**Explanation:**

Break Even Point in Dollars = Fixed Cost/Contribution margin

Contribution margin = (Sales - Variable Cost) as a portion of sales.

Total variable cost in 2019 = $598,000 + $95,000 + $57,000 = $750,000

Total sales for 2019 = $1,500,000

Contribution = $1,500,000 - $750,000 = $750,000

As a portion of sales = $750,000/$1,500,000 = 50%

Total Fixed Cost = $1,030,200

**Therefore Break Even Point in Dollars for the year 2019 = $1,030,200/50% = $2,060,400**

Answer:
### Final answer:

### Explanation:

### Learn more about Break-even point here:

The break-even point in dollars for 2019 can be computed by finding the point at which the company's total costs and expenses equal its net sales. In this case, the break-even point is approximately $2,179,255.

The break-even point in dollars for 2019 can be computed by finding the point at which the company's total costs and expenses equal its net sales. In this case, the company operated at a loss, so the break-even point represents the level of sales needed to cover all costs and result in zero profit or loss. The break-even point can be calculated using the formula: **Break-even point = Fixed costs / (Selling price per unit - Variable cost per unit)**

Using the given information, the** fixed costs are $1,030,200** and the **selling price per unit is $1,500,000 / 75,000 units = $20.** The **variable cost per unit is ($1,106,000 - $508,000) / 75,000 units = $10.43**. Substituting these values into the formula, we get: **Break-even point = $1,030,200 / ($20 - $10.43) ≈ 108,962.75 units.**

To calculate the break-even point in dollars, we multiply the break-even point in units by the selling price per unit: **Break-even point in dollars = 108,962.75 units * $20 ≈ $2,179,255.**

#SPJ12

A government collects $600 billion annually in tax revenue. Each year it allocates $35 billion to healthcare and $50 billion for education. What percentage of annual tax revenue is allocated to these two categories of government spending?

Exercise 10-6 Direct Materials and Direct Labor Variances [LO10-1, LO10-2] Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 7.40 pounds $ 2.60 per pound $ 19.24 Direct labor 0.45 hours $ 8.00 per hour $ 3.60 During the most recent month, the following activity was recorded: 12,100.00 pounds of material were purchased at a cost of $2.50 per pound. All of the material purchased was used to produce 1,500 units of Zoom. 575 hours of direct labor time were recorded at a total labor cost of $5,750. Required: 1. Compute the materials price and quantity variances for the month. 2. Compute the labor rate and efficiency variances for the month.

Elsa joined her new law firm expecting to participate in exciting environmental law cases, and cutting edge research. After one month at the firm she still hasn't been assigned a case and spends most of her time filing standardized appeals for title disputes with insurance companies. In which stage of the socialization process is Elsa?

Cyclical unemployment arises when:______. a. the agriculture sector completes the cycle of planting, cultivating, and harvesting the nation's food supply. b. labor unions strike for higher wages. c. the business cycle enters an expansionary phase. d. business activity in the macroeconomy declines.

According to Gardner, intelligence can be measure by a person havinga. the ability to create or find solutions to problems by gathering new knowledgeb. the ability to create a valued product or serviceC. Skills that allow them to solve problems in lifed. all of the above

Exercise 10-6 Direct Materials and Direct Labor Variances [LO10-1, LO10-2] Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 7.40 pounds $ 2.60 per pound $ 19.24 Direct labor 0.45 hours $ 8.00 per hour $ 3.60 During the most recent month, the following activity was recorded: 12,100.00 pounds of material were purchased at a cost of $2.50 per pound. All of the material purchased was used to produce 1,500 units of Zoom. 575 hours of direct labor time were recorded at a total labor cost of $5,750. Required: 1. Compute the materials price and quantity variances for the month. 2. Compute the labor rate and efficiency variances for the month.

Elsa joined her new law firm expecting to participate in exciting environmental law cases, and cutting edge research. After one month at the firm she still hasn't been assigned a case and spends most of her time filing standardized appeals for title disputes with insurance companies. In which stage of the socialization process is Elsa?

Cyclical unemployment arises when:______. a. the agriculture sector completes the cycle of planting, cultivating, and harvesting the nation's food supply. b. labor unions strike for higher wages. c. the business cycle enters an expansionary phase. d. business activity in the macroeconomy declines.

According to Gardner, intelligence can be measure by a person havinga. the ability to create or find solutions to problems by gathering new knowledgeb. the ability to create a valued product or serviceC. Skills that allow them to solve problems in lifed. all of the above

**Answer:**

Option (B) is correct.

**Explanation:**

On November 21,

Note amount = $6,000

Period = 60-day

Interest rate = 12%

When Note is not paid by the market at maturity, then

The Accounts Receivable Account is debited with the Par Value of Note plus interest income and credited Notes Receivables $6,000 and Credit Interest Revenue $120.

**Therefore, the journal entry is as follows:**

Accounts Receivable A/c Dr. $6,120

To Notes Receivables $6,000

To Interest Revenue $120

(To record the note)

The journal entry to recognize a note not being paid at **maturity** is to debit Cash and credit Notes Receivable for the principal **balance** and to credit Interest Revenue for the accrued **interest**.

The correct journal entry to recognize the event of a $6,000, 60-day, 12% note not being paid by the maker at **maturity **is: A. **debit Cash**, $6,120

credit Notes Receivable, $6,12

This entry debits the **Cash account** to account for the amount the maker owes and credits the Notes Receivable account to remove the note from the books. The additional $120 represents the accrued interest, which is recognized as **Revenue**.

#SPJ3

**Answer:**

The rate of change in 6 months is 14.87%

**Explanation:**

Let a be the amount that the money is multiplied in one month. We know that in 30 months it is multiplied by 2, so if we power a by 30 wew obtain 2:

a³⁰ = 2

Thus, 2 = a³⁰ = a⁶*⁵ = (a⁶)⁵

(here we use the propiety a^bc = (a^b)^c = (a^c)^b)

We can conclude that a⁶ = 2^(1/5) = 1.1487

The rate in 6 months is (1.1487-1)*100 = **14.87%**

**Answer:**

14.86% every 6 months

**Explanation:**

Let the original amount be a

An investment offers to double your money in 30 months i.e. 2a in 30 months

Fv = Pv (1 + x)ⁿ

Fv future value (i.e. future value of the cash flow after a particular time period. )

Pv Present value

x interest

n number of compounding period

Fv = Pv (1 + x)ⁿ

2a = a (1 + x)^(30/6)

2^(1/5)= 1 + x

1.1486 = 1 + x

x = 0.1486 0r 14.86%

**Answer:**

The correct answer is **3.**

**Explanation:**

According to the scenario, the computation of the given data are as follows:

Variable cost = Cost of goods sold (variable) + Supplies

= $50,000 + $10,000 = $60,000

Fixed cost = Cost of goods sold (fixed) + Administrative salaries + Depreciation

= $8,000 + $42,000 +$10,000 = $60,000

So, we can calculate the operating leverage by using following formula:

**Operating leverage = Contribution margin ÷ Net operating income**

Where, Contribution Margin = Sales revenue - Variable cost

= $150,000 - $60,000 = $90,000

And Net operating income = Contribution Margin - Fixed Cost

= $90,000 - $60,000 = $30,000

By putting the value, we get

**Operating leverage** = $90,000 ÷ $30,000

**= 3**

**Answer:**

Chair unit cost: $ 49.72

Total cost for 675 chairs: $ 33,561

**Explanation:**

Direct Materials: $ 14.00

Direct Labor: 1.9 hours x $16 labor cost: $ 30.40

Overhead:

1.9 labor hours x ($ 1.6 variable rate + $ 1.20 fixed rate) = $__ 5.32 __

Total unit cost: $ 49.72

Cost to produce 675 chairs:

675 charis x $ 49.72 per chair = $ **33,561**

**Answer:**

the gross profit for the month is **$1,180**

**Explanation:**

FIFO Inventory System Sell the Older Inventory Acquired first followed by the Recent Acquired Inventory

__Trading Account of Effie Company__

Sales (240 units × $10.00) $2,400

Less Cost of Sales :

200 units × $5.00 : $1,000

40 units × $5.50 : $ 220

Total Cost of Sales ( $1,220)

Gross Profit $1,180

b. This type of risk is inherent in a firmâs operations. A standard measure of the risk per unit of return. This can be used to reduce the stand-alone risk of an investment by combining it with other investments in a portfolio.

c. A standard measure of the risk per unit of return

d. This type of risk relates to fluctuations in exchange rates

Answer:

Foreign exchange risk

Explanation:

These are the risks that an international financial transaction could accrue because of fluctuations in the currency.

A standard measure of the risk per unit of return and this type of risk relates to fluctuations in exchange rates.

Therefore, according to the following descriptions, the type of risk or term being described is Foreign exchange risk.