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Acct301 Chapter 6 and 7 Quesitons

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Need help with quesitons P6-2A, P6-4A, and P7-1A Attachments
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Acct 301 Answers

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Formatted answers attached in word document.


P6-2A)
a)
1)$2,500,00-360,000-650,000-370,000-90,000-30,000 = $1,000,000
2)$260,000+200,000+140,000 = $600,000
b)
1)600,000 / 0.20 = 3,000,000 units
2)$2,100,000
c) contribution margin = $0.20 / $0.70 = 28.6%
margin of safety = 400,000 / 2,500,000 = 16%
d)(600,000 + 2,400,000) / 28.6 = $3,496,503

P6-4A)
a)current BEP = 225,000 + 10 * 17,000 = $395,000
new BEP = 225000 + 27000 +10 * 20000 =$452,000
b)current MOS = (17000*30 – 395000) / 17000*30
...
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Week4.docx (17 K) Download Preview
$5,700,000.00  Cost of goods sold    $3,420,000.00         Gross Profit    $2,280,000.00  Selling and administrative expenses  $870,000.00         Income from operations   $1,410,000.00  Interest expense  

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