Unistar Computers makes and sells a unique computer that is designed for a specific market. Cost information relating to that product is shown below:
| Sales price | $ | 1,500 | per unit | |
| Variable costs | $ | 1,000 | per unit | |
| Fixed costs | $ | 120,000 | total | |
Unistar expects to make and sell 300 computers. Based on this information, the margin of safety expressed in units is:
Multiple Choice
60 units.
300 units.
240 units.
120 units. please include formulas so i can see how you arrived at your answer. Thank you
In: Accounting
Vanessa spent 45 days of 2020 in a nursing home. The cost of the services provided to her was $18,900. Medicare paid $7,900 toward the cost of her stay. Vanessa also received $9,100 of benefits under a long-term care insurance policy she purchased. The 2020 per diem rate is $380.
What is the effect on Vanessa’s gross income?
Her available exclusion is $, therefore, the amount included in her
gross income is $.
In: Accounting
Discuss the concept of cloud cost management, its application and other related issues.
In: Accounting
The following information was extracted from the accounting records of Manufacturing Company: What was the cost of goods manufactured? a) 129,500 b) 182,000 c) 124,000 d) 162,000
Direct materials purchased $82,000 Direct materials used 84,000 Direct manufacturing labor costs 10,500 Indirect manufacturing labor costs 11,500 Sales salaries 16,000 Other plant expenses 18,000 Selling and administrative expenses 22,000
In: Accounting
1. Braxton Company purchased printing equipment at a cost of $24,000. The monthly depreciation on the equipment is $400. As of December 31, 2011, the balance in Accumulated Depreciation is $9,600. The book value of the equipment reported on the December 31, 2011 balance sheet will be
a. $24,000
b. $23,600
c. $14,400
d. $9,600
2. On October 1, 2011, Greer Company signed a $10,000 six-month note payable that bears interest at a rate of 6%. Since no interest has been previously accrued on this note, the total interest to be accrued on this note at December 31, 2011, is
a. $50.
b. $150.
c. $300.
d. $600.
3.
Which of the following is false?
a. Current assets are listed in the order of magnitude.
b. Obligations expected to be paid after one year are classified as long-term liabilities.
c. Intangible assets are non-current resources that do not have physical substance.
d. Property, plant, and equipment are tangible resources of a relatively permanent nature that are used in the business and not intended for sale.
4.
Debt securities sold to investors and due to be repaid at a particular date some years in the future are called:
a. cash.
b. revenue.
c. inventory.
d. accounts receivable.
In: Accounting
If Company A’s selling price of its product is $1,000, variable cost is 80% of the selling price, and fixed cost is $100,000. What will be the total sales in dollars and units for the company to break even? Also, what is sales mix and what role does contribution margin play when a company is evaluating it’s sales mix?
In: Accounting
When deciding whether or not to take a trade discount, the cost of borrowing funds should be compared to the cost of trade credit to determine if the cash discount should be taken.
True
False
In: Finance
The decision rule for a lease versus buy decision is "buy if the equivalent annual cost of ownership and operation is greater than the best rate you can get from an outsider (lessor)."
True or False?
Please explain
In: Finance
What is the Model commonly used to calculate the cost of equity (common stocks)?
a. Black and Scholes Pricing Model
b. Arbitrage Pricing Model
c. Capital Asset Pricing Model
d. Miller and Modigliani Model
In: Finance
The cost of producing x records is C(x) = 20x + 450. If the revenue generated from sales is R(x) = 35x, then determine the break-even value.
a.1150 units
b. 30 units
c. 20.75 units
d. 8 units
In: Finance