Business, 16.04.2020 00:17 blessed4628
The condensed income statement for the Peri and Paul partnership for 2017 is as follows.
PERI AND PAUL COMPANY
Income Statement
For the Year Ended December 31, 2017
Sales (240,000 units) $1,200,000
Cost of goods sold 800,000
Gross profit 400,000
Operating expenses
Selling $280,000
Administrative 150,000 430,000
Net loss $(30,000 )
A cost behavior analysis indicates that 75% of the cost of goods sold are variable, 44% of the selling expenses are variable, and 44% of the administrative expenses are variable.
Compute the break-even point in total sales dollars and in units for 2017.
Answers: 3
Business, 22.06.2019 06:20, isaiahcannon6158
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Answers: 1
Business, 22.06.2019 09:40, leomessifanboy678
As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?
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Business, 22.06.2019 20:10, wtwbegay
Mikkelson corporation's stock had a required return of 12.50% last year, when the risk-free rate was 3% and the market risk premium was 4.75%. then an increase in investor risk aversion caused the market risk premium to rise by 2%. the risk-free rate and the firm's beta remain unchanged. what is the company's new required rate of return? (hint: first calculate the beta, then find the required return.) do not round your intermediate calculations.
Answers: 2
The condensed income statement for the Peri and Paul partnership for 2017 is as follows.
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