Break-Even (Units) Parker & Associates, LLC has budgeted the following amounts for its next fiscal year:...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Break-Even (Units) Parker & Associates, LLC has budgeted the following amounts for its next fiscal year: $980,000 Total fixed expenses Selling price per unit $48 $23 Variable expenses per unit If fixed expenses increase by 10%, the selling price per unit would need to increase by what percentage in order to maintain the original break-even sales in units (round to the nearest tenth of a percent)? Round percentage to one decimal place (ex: 0.03456 = 3.5%). * % Break-Even (Units) Parker & Associates, LLC has budgeted the following amounts for its next fiscal year: $980,000 Total fixed expenses Selling price per unit $48 $23 Variable expenses per unit If fixed expenses increase by 10%, the selling price per unit would need to increase by what percentage in order to maintain the original break-even sales in units (round to the nearest tenth of a percent)? Round percentage to one decimal place (ex: 0.03456 = 3.5%). * %
Expert Answer:
Answer rating: 100% (QA)
Contribution marginSalesVariable expenses 482325 per unit Current Bre... View the full answer
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
Posted Date:
Students also viewed these accounting questions
-
You have been provided with Poskie Ltds adjusted trial balance. (Poskie Ltd is a wholesaler of cat toys.) From this, please prepare a SOCI and a Statement of Changes in Equity for the year ending 30...
-
You have been provided with the following information about two companies: Required: a. Calculate the current ratio for each company and the amount of working capital each company has. b. Which...
-
You have been provided with the following alphabetical list of accounts for Sudbury Ltd. for 2017. Use the information to prepare an income statement, statement of changes in equity, and statement of...
-
Order check. Write a program that takes three double command-line arguments x, y, and z and prints true if the values are strictly ascending or descending ( x < y < z or x > y > z ), and false...
-
IFRS requires certain line items to be presented in the statement of comprehensive income (rather than just disclosed in the notes). Identify whether the following items are required in the statement...
-
The coefficient of friction between the disk of Figure P1.18 and the surface is 0.12 . If \(P=22 \mathrm{~N}\), what are the following? (a) Acceleration of the mass center. (b) Angular acceleration...
-
The Wide World of Fluids article titled "Motorized Surfboard,". The thrust to propel the powered surfboard shown in Fig. P5.76 is a result of water pumped through the board that exits as a high-speed...
-
For Longeis Company, variable costs are 70% of sales, and fixed costs are $210,000. Managements net income goal is $60,000. Compute the required sales needed to achieve managements target net income...
-
After all of the account balances have been extended to the Balance Sheet columns of the work sheet, the totals of the Debit and Credit columns are $28,246 and $21,306, respectively. What is the...
-
Additional Funds Needed Garlington Technologies Inc.'s 2009 financial statements are shown below: Suppose that in 2010 sales increase by 10% over 2009 sales and that 2010 dividends will increase to...
-
Why would someone place "Patent Pending" on their product if they had not received a patent for it?
-
In the Heckscher-Ohlin model, as trade occurs in a capital-abundant country, increased imports will force domestic import- competing firms to decrease prices and production. Labor and capital will...
-
Population size in million in 2022/1990, current nominal GDP in trillion in 2022, as well as expected future annual instantaneous growth rates of population and GDP, respectively, are listed for four...
-
How do authors employ intertextual allusions to enrich the layers of meaning in their works and establish connections across disparate literary traditions?
-
Determine the reactions and draw the shear and bending moment diagrams for the structure shown using the force method. B 5m 5 m C 5 m 30 kN/m El = constant
-
Hi, could someone please help me with this. I need the letter to be nearly two hundred words. This is the assignment below: You are an architect who is working for Dream Homes Company in Toronto....
-
Find the all eigen-values and associated eigen-vectors of the following matrices where: A = [ 21] 1 Hint: Find the eigenvalues and eigenvectors of A, then use the result for question 2 to find the...
-
Research an article from an online source, such as The Economist, Wall Street Journal, Journal of Economic Perspectives, American Journal of Agricultural Economics, or another academic journal. The...
-
Drummond Services Ltd. acquired 25% of the common shares of Bella Roma Ltd. on January 1, 2015, by paying $1.8 million for 100,000 shares. Bella Roma paid a $0.50-per-share cash dividend in each...
-
The cash records of Lejeune Inc. show the following situations: Deposits in transit: 1. The June 30 bank reconciliation indicated that deposits in transit total $2,000. During July, the general...
-
You are presented with the following alphabetical list of accounts and balances (in thousands) for Asian Importers Limited as at January 31, 2015: Instructions (a) Prepare a trial balance, sorting...
-
How can you identify a real option in a decision tree?
-
In 2022, Costco Wholesale Corporation had a market capitalization of \($238\) billion, debt of \($6.5\) billion, cash of \($12\) billion, and EBIT of about \($8\) billion. If Costco were to increase...
-
In what circumstances does the real option add value?
Study smarter with the SolutionInn App