ACC 2 Unit 4.00

Front

Jack's supervisor wants to know how well the expenses were estimated for the past year. Which document would Jack use to gather this information?

Back

Performance Report

Front

Dylan wants to prepare reports that show estimates of income and expenses for the upcoming year. Which report would reflect estimates of the costs for acquiring merchandise?

Back

purchases budget schedule

Front

Should David's Hair Products expand its product line to include hair dryers, given that they would sell for $30 each, variable costs are $18 per unit, total fixed costs are $3,600 per month, and potential sales are projected to be 150 units per month?

Back

No. David will have a net loss of $1,800 with this new product.

Front

Garrett's Gourmet Ice Cream has total fixed costs of $9,000.00. Assuming a 15% contribution margin rate, how many sales dollars are required to achieve planned net income of $6,000?

Back

$100,000

Front

Linda's Cosmetics has total fixed costs of $10,000. Units sell for $20 and have a variable cost of $15. To earn a planned net income of $8,000, how many units must be sold?

Back

3,600

Front

Green Fees Golf Store has total fixed costs of $12,000. Assuming a 20% contribution margin rate, how many sales dollars are required to achieve planned net income of $15,000?

Back

$135,000

Front

Russell Tie Shop has total fixed costs of $8,000. Units sell for $30 and have a variable cost of $10. To earn a planned net income of $10,000, how many units must be sold?

Back

900

Front

Michel's Craft Store has total fixed costs of $12,000. Assuming a 25% contribution margin rate, how many sales dollars are required to achieve planned net income of $8,000?

Back

$80,000

Front

Based on the information provided, what is the equity per share for the company?

Back

$28.00 per share

Front

Based on the financial statements of Gymnastics Universe, what is the Equity per Share?

Back

$27.50 per share