Question and answer
6) Hess, Inc. sells a single product with a contribution margin of $12 per unit and fixed costs of $74,400 and sales for the current year of $100,000. How much is Hess’s break even point? A. $25,600 B. 6,200 units C. 2,133 units D. 4,600 units
Question
Asked 2/26/2013 11:20:16 PM
0 Answers/Comments
This answer has been confirmed as correct and helpful.
f
Get an answer
Original conversation
User: 6) Hess, Inc. sells a single product with a contribution margin of $12 per unit and fixed costs of $74,400 and sales for the current year of $100,000. How much is Hess’s break even point? A. $25,600 B. 6,200 units C. 2,133 units D. 4,600 units

Weegy: The right answer is D. 6,200 units 12 x - 74400 = 0 BEP = 6,200 units Source: ww2.justanswer.com/uploads/.../2010-10-20_205906_lpatt_2.doc
Judit|Points 152|

User: 7) The income statement and balance sheet columns of Pine Company's worksheet reflects the following totals: Income Statement Balance Sheet Dr. Cr. Dr. Cr. Totals $58,000 $48,000 $34,000 $44,000

Weegy: C. income statement credit column and the balance sheet debit column
jeifunk|Points 8856|

User: 7) The income statement and balance sheet columns of Pine Company's worksheet reflects the following totals:

Weegy: The income statement and balance sheet columns of Pine Company's worksheet reflects the following totals? [ ]


User: Closing entries are necessary for __________. A. temporary accounts only B. both permanent and temporary accounts C. permanent or real accounts only D. permanent accounts only

Weegy: ... for permanent or temporary ... Cash accounting only requires accounts for ... [ but it is advisable to only make a change if absolutely necessary and ... ]


User: Balance sheet accounts are considered to be __________. A. permanent accounts B. capital accounts C. nominal accounts D. temporary stockholders’ accounts

Weegy: Balance sheet accounts are considered D. Nomial accounts.
LLionface|Points 150|

User: 9) What is the preparation of reports for each level of responsibility in the company’s organization chart called? A. Responsibility reporting B. Exception reporting C. Master budgeting analysis D. Static reporting

Weegy: What is the preparation of reports for each level of responsibility in the company's organization chart called? A. Static reporting B. [ Master budgeting analysis C ... ]


User: 10) What effect do current technology changes have on managerial accounting? A. Increase in product costs B. Reduction of emphasis on the value chain C. Reduction of reporting costs of managerial accounting information D. Creation of the middleman

Weegy: C. Reduction of reporting costs of managerial accounting information
asero1010|Points 4285|

User: To enter the net income (or loss) for the period into the above worksheet requires an entry to the __________. A. income statement credit column and the balance sheet debit column B. income statement debit column and the income statement credit column C. balance sheet debit column and the balance sheet credit column D. income statement debit column and the balance sheet credit column

Weegy: Net income is entered as a credit.
rhey22787|Points 1476|

User: 12) The conceptual framework developed by the Financial Accounting Standards Board __________. A. are rules that all accountants must follow B. is viewed as providing a constitution for setting accounting standards for financial reporting C. is legally binding on all accountants D. was approved by a vote of all accountants

Weegy: The conceptual framework developed by the Financial Accounting Standards Board -> A. is viewed as providing a constitution for setting accounting standards for financial reporting.
sujaysen|Points 3780|

User: 13) These are selected account balances on December 31, 2008. Land (location of the corporation's office building) $150,000 Land (held for future use) 225,000 Corporate Office Building 900,000 Inventory 300,000 Equipment 675,000 Office Furniture 150,000 Accumulated Depreciation 450,000 What is the net amount of property, plant, and equipment that will appear on the balance sheet? A. $2,400,000 B. $1,425,000 C. $1,650,000 D. $1,950,000

Weegy: C. $2,400,000
Amtid09|Points 50|

User: 14) The cost of an asset and its fair market value are __________. A. irrelevant when the asset is used by the business in its operations B. the same on the date of acquisition C. the same when the asset is sold D. never the same

Weegy: The cost of an asset and its fair market value are the same on the date of acquisition.
wisbest|Points 1950|

User: 15) In economics, the cost of something is __________. A. what you give up to get it B. often impossible to quantify, even in principle C. always measured in units of time given up to get it D. the dollar amount of obtaining it

Weegy: In economics, the cost of something is A)what you give up to get it.
Expert answered|OxTornado007|Points 6709|



Question
Asked 2/26/2013 11:20:16 PM
0 Answers/Comments
This answer has been confirmed as correct and helpful.
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
39,303,115
questions answered
Popular Conversations
1 + 1
Weegy: 1+1 = 2 User: 40 - 30 + 40 Weegy: 2 - 2 = 0 User: 1+1 Weegy: 1+1 = 2 User: 1+1-1 Weegy: 1/1-1/3 = 2/3 ...
7/18/2024 4:02:47 AM| 4 Answers
What is .6 divided by 19?
Weegy: 95 divided by 19 is 5. User: What is .6 divided by 10? Weegy: 95 divided by 30 = 3.167 User: 3/5 as a ...
7/15/2024 12:38:45 AM| 4 Answers
During the reading process, informational graphics can help by
Weegy: During the reading process, graphics can help by: highlighting informational elements. User: Which text ...
7/12/2024 6:32:18 AM| 3 Answers
What are synonyms and antonyms examples of?
Weegy: Synonyms and antonyms are examples of semantic relationships between words. User: What are synonyms and ...
7/15/2024 8:36:07 PM| 3 Answers
Maslow’s hierarchy of needs
Weegy: Maslow s hierarchy of needs is a motivational theory in psychology comprising a five-tier model of human needs, ...
7/17/2024 4:32:13 PM| 3 Answers
S
L
P
Points 171 [Total 283] Ratings 0 Comments 171 Invitations 0 Offline
S
L
Points 30 [Total 4025] Ratings 0 Comments 30 Invitations 0 Offline
S
Points 20 [Total 54] Ratings 2 Comments 0 Invitations 0 Offline
S
L
1
1
1
1
Points 20 [Total 2389] Ratings 2 Comments 0 Invitations 0 Offline
S
L
P
Points 15 [Total 210] Ratings 0 Comments 15 Invitations 0 Offline
S
L
Points 12 [Total 2837] Ratings 0 Comments 12 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
S
L
Points 10 [Total 344] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 6 [Total 69] Ratings 0 Comments 6 Invitations 0 Offline
S
Points 4 [Total 4] Ratings 0 Comments 4 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.