Answer:
Results are below.
Explanation:
Giving the following information:
Fixed costs= $20,000
Unitary variable cost= $17
Selling price= $28 per unit.
<u>To calculate the break-even point in units, we need to use the following formula:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 20,000 / (28 - 17)
Break-even point in units= 1,818 units
<u>Now, the profit for 1,500 units:</u>
Loss= 1,500*11 - 20,000= -$3,500
Answer:
There are several perks or troubles that Costco business faces.
Explanation:
The first of these perks is the intense competition from other large retailers like Walmart, Target, or Best Buy. While Costco does have a niche: it tends to sell higher quality poducts for a slightly higher price, the competition is nevertheless stiff because that niche does not apply for all product lines that are sold.
The second perk is also competition, from online retailers, especially Amazon, which is larger than any traditional retailer, but also from a myriad of smaller retailers that emerge constantly in the online market, since the internet provides very few barriers to entry for new competitors.
Finally, the third peak is consumer preferences, and that is because consumers are constantly changing their tastes and preferences, especially in developed countries like the U.S. This means that Costco has to constantly adapt to new product lines, and discard other lines.
Answer:
0.0084
Explanation:
For this probability problem, we will have to make use of the normal probability distribution table.
to use the table, we will have to compute a certain value
z = (x- mean) /Standard deviation
z = 
= 2.39
Probability he has worked in the store for over 10 years can be obtained by taking the z value of 2.39 to the normal probability distribution table to read off the values.
<em>To do this, on the "z" column, we scan down the value 2.3. we then trace that row until we reach the value under the ".09" column. </em>
This gives us 0.99916
Thus we have P (Z < 2.39) = 0.9916
We subtract the value obtained from the table from 1 to get the probability required.
1 - 0.9916 = 0.0084
The Probability that the employee has worked at the store for over 10 years = 0.0084
Answer:
$ 10,867 F
Explanation:
Actual results$305,100
Flexible budget [$56,840+ ($2,874× 89) + ($13 ×257)]
$56,840+$255,786+$3,34= $315,967
Spending variance $ 10,867
($305,100-$315,967)
The spending variance for plane operating costs in November would be closest to $ 10,867 because the actual expense is less than the flexible budget, which makes the variance favorable (F)
Answer:
Explanation:
The adjusting entries are shown below:
1. Prepaid insurance expense A/c Dr $280
To Prepaid insurance A/c $280
(Being prepaid insurance is adjusted)
2. Supplies expense A/c Dr $3,005 ($3,970 - $965)
To Supplies A/c $3,005
(Being supplies adjusted)
3. Depreciation Expense A/c Dr $190
To Accumulated depreciation $190
(Being depreciation expense is adjusted)
4. Unearned service revenue A/c Dr $4,680 ($11,700 × 2 ÷ 5)
To service revenue $4,680
(Being unearned service is adjusted)
