Bozo Company has total costs of $90,000 when it sells 20,000 units. If total fixed costs are $30,000, what is variable cost per unit?

Q: Which of the following statements is FALSE about "backward thought process'? Statement I. It consid...

A: a) neither of two statements is false

Q: Burlington Corp. has a single class of shares. At its year end December 31, 2020, the company had 5,...

A: Journal entry is the act of keeping or making records of any transaction either economic and non-eco...

Q: Sun & Ski Corporation is the producer of a ski goggle. Next period's budget data appear below. Selli...

A: Formula: Margin of safety = Current sales - Break even sales

Q: By how much is the refundable deposit over or (under)stated at year end 2020?

A: A refundable deposit is a security deposit collected from the tenants towards adjustment for any dam...

Q: n 2021, Sheryl is claimed as a dependent on her parents' tax return. Her parents report taxable inco...

A: In this question, we have to compute Tax liability 

Q: The accounts receivable account in the general ledger has a balance of $11,280. The accounts receiva...

A: Accounts Receivable is the current assets of the company to whom the company has sold the goods and ...

Q: The following costs pertain to Juan Corporation’s only product Leather: Direct Materials P 10.00/uni...

A:                                   Variable costing only considers variable cost of production keepin...

Q: Based on the following information, which of the following is closest to days' sales outstanding? •R...

A: Day's sales outstanding= Accounts receivable/Credit sales * no. of Days  

Q: On November 1, Alan Company signed a 120-day, 11% note payable, with a face value of $14,400. What i...

A: The question is related to maturity value of of notes Payables issued on November 1st for 120 days t...

Q: URRENT RATIO 2.8 2.5 2.0 CID TEST RATIO 0.7 0.9 1.2 CCOUNTS RECEIVABLE TURNOVER 8.6 9.5 10.4 VVENTOR...

A: The question is related to Ratio Analysis. The dividend yield is calculated with the help of followi...

Q: Instructions. Indicate which concepts/principles are violated. Support your answer. 1. No financial...

A: Accounting principles are the norms and criteria that businesses must adhere to when disclosing fina...

Q: Select financial information from Marshall Inc. is shown below: 2022 2021 Receivables $423,018 $376,...

A: Average Accounts Receivables = Opening accounts receivables + Closing accounts receivables2        ...

Q: You are working for a venture capitalist (VC). The VC is interested in acquiring a one-third stake i...

A: Venture capitalist refers to when the capital is invested in a project and there is a substantial el...

Q: Refer to the given information on the different exchange rates relative to the Philippine Peso. Roun...

A:   Exchange rates: The exchange rates mean the value of one unit of a country's money in relation t...

Q: Bims Corporation uses the weighted-average method in its process costing system. The Assembly Depart...

A: The equivalent units for conversion costs in the assembly department for the month are 60,900. Optio...

Q: GL1101 - Based on Problem 11-2A LO C3, P2, P3 Upperchurch Company reports the following components o...

A: The stockholders' equity includes the total capital contribution by owner, retained earnings, withdr...

Q: Moulding Polishing and Paciaging Costs incurred in the Polishing Department during January are summa...

A: d. Journal entries Date Account title and explanation Debit Credit   Raw material inventory $39...

Q: o. Reconcile the variable costing income from operations of $357,500 with the absorption costing inc...

A: The question is based on the concept of Cost Accounting.

Q: Differentiate between the mechanisms of an “actual costing” budgetary system against a “normal costi...

A: Budgetary system is the system which is applied by the company in order to be on track and within th...

Q: The following data are based on information in the 2019 annual reports of Abercrombie & Fitch, Compa...

A: Net income = Revenue - Expenses Dividend are paid from the net income of the year Retained Earning =...

Q: On January 1, 200A, ABC rendered services to XYZ. There is no established selling price for the serv...

A: Carrying value of the note receivable at the end of December 200B = Present value of Face value of n...

Q: Mauro Products distributes a single product, a woven basket whose selling price is $12 per unit and ...

A: Formula: Break even point in units =Fixed cost / Unit contribution margin

Q: Company XYZ reports the following information on its Balance Sheet in the beginning of 2020 Assets ...

A: The financial statements are prepared by the business entity to show the performance of the business...

Q: Are perishable and homogeneous properties alike? How the possibilities of usury should be observed i...

A: Introduction:- Making unethical or immoral monetary loans that unfairly advantage the lender is know...

Q: 1, 2017, with interest at 2% compounded annually is discounted on April 1, 2020, at 4% compounded qu...

A: The answer has been mentioned below.

Q: ty was $1,500,000. Expenses was $650,000. Capital allowance for this property was $180,000. He recei...

A:  Gross salary =$7,000,000 per year.  monthly pension =$75,000  

Q: Sharon Guenther and Robert Firmin, both of whom are CPAS, form a partnership, with Guenther investin...

A: A general partnership is an agreement in which two or more partners agree to share the profits and l...

Q: If the firm's dividend policy was to pay PO.25 per share each period except when earnings exceed P1....

A: In the given question, the earnings of the company for 2020 are P 3.50 per share. As per company’s p...

Q: With credit terms of 2/10, n/30, the discount rate for paying after 11th days should be_______. The...

A: Discount Period - Discount period is defined as 2/10, n/30 that shows if the payment made with in 10...

Q: On January 1, 200A, ABC Company sells to XYZ, a used transportation equipment, which was acquired at...

A: Particulars  Amount (P) Sales 800000 Less: down payment  (100000) Less : installment of promis...

Q: The following information pertains to YZ Company's CVP relationships: Breakeven point 200 units, var...

A: Solution Formula used    Contribution margin       = sales – variable cost Breakeven point in unit  ...

Q: SHOW COMPLETE SOLUTION Problem 3: ABC Corporation manufactures a certain product that sells for P5,...

A: Let's understand some basics Break even sales is the amount of money required to be produced and sol...

Q: n perpetual method, _______________ will be credited if an item bought will be returned.    Cost of ...

A: In perpetual method, Merchandise Inventory will be credited if an item bought will be returned. Cost...

Q: International Co. is a firm that is experiencing rapid growth. Lately, the firm paid a dividend of P...

A: Last dividend  = P5.90 Growth rate for first 3 years = 19% Growth rate after 3 years = 7% Required r...

Q: Eagle limited is situated away from estableshed commuter routes and provides bus transport for its e...

A: A lease is recorded in the books of the lessee as the right to use asset and a lease liability is al...

Q: Elias, Gally and Mario are sole proprietors who decided to merge their businesses to form a partners...

A: When partners contribute together the assets and run the business together is known as a partnership...

Q: Each quarter, Luckey Inc., pays a dividend on its perpetual preferred stock. Today, the stock is sel...

A: Calculation of Quarterly Dividend Quarterly dividend = Current Selling price X Annual Required rate ...

Q: e the cost of goods manufactured:

A:     Direct Material used   $          120 Direct Labour  $          200 Manufacturing Overhea...

Q: jenge Bank has the followin parentheses. Assets Cash OECD Interbank deposit

A: Business loan- A business loan, also known as a commercial loan, is a type of financing used to cove...

Q: Noel Stewart has estimated that the total fixed costs for his department are £10,000.He also estimat...

A: Lets understand the basics. For calculating fixed cost per unit, we will need to use below formula. ...

Q: Based on the above information, what are the number of units available for sale? and how much is the...

A: Please see Step 2 for the required information.

Q: Krueger Corporation manufactures a single product whose selling price is $134 per unit and whose var...

A: Contribution margin ratio = Contribution margin / Sales where, Contribution margin = Sales - variabl...

Q: 4. This tells you what part of each peso of sales the company retained as profit. It is a very handy...

A: Ratio analysis includes computing of rations by using financial statements elements to compare one a...

Q: m to sign an agreem

A: To find the correct option as,

Q: On June 1, 2020, Straw Company acquired 20% equivalent to 20,000 shares of Berry Company for P3,000,...

A: Controlling interest means the part of the profits that are controlled by the Associate itself.

Q: All Things Brass produces brass handles for the furniture industry in a four-stage process -Mixing, ...

A: GIVEN   All things brass produces brass handles for the furniture industry in a four-stage process -...

Q: 28. A business pays weekly salaries of $20,000 on Friday for a five-day week ending on that day. The...

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...

Q: he Lee Company uses a job-order costing system. The following data were recorded for June:   Added...

A: Raw material means the material purchased and still not enter in to the production lines. Work in pr...

Q: :lf margin of safety ratio is 50% and sales increased by 30%, operating income will increase by 30% ...

A: The margin of safety can be defined as the difference between the expected level  of sale and the br...

Q: Use the following information to calculate total ending cash and equivale Beginning Cash and Equival...

A: The cash flow statement (CFS) is a financial statement that shows the movement of cash and cash equi...

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.