Find out the Shareholder's Equity
Construct a balance sheet for xyz company from the following data. What's the shareholder's equity? Cash balance is $10,000. Inventory is $200,000. Store and property is $100,000. Accounts Receivable is $20,000. Accounts Payable is $15,000 and Long term Debt is $170,000.
Compute for the given data the Break- even point in Units and in Dollars
Mason Corporation sells 10,000 units of its product at $10.00 each. Its annual fixed cost is $24,000. The variable cost per unit is $7. What are break even quantity (x) and break even sales BES for the firm?