lele142018

20.03.2020 • 

Business

Ritchie Manufacturing Company makes a product that it sells for $200 per unit. The company incurs variable manufacturing costs of $110 per unit. Variable selling expenses are $20 per unit, annual fixed manufacturing costs are $466,000, and fixed selling and administrative costs are $269,000 per year. Required Determine the break-even point in units and dollars using each of the following approaches: Use the equation method. Use the contribution margin per unit approach. Prepare a contribution margin income statement for the break-even sales volume.

Ответ:

mcouil9369

25.09.2021

Business

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$167 million

Explanation:

Particulars                                                             Amount ($ millions)

Cash paid to retire note                                              -94

Less: Common shares acquired for treasury            -154

Add: Proceeds from issue of preferred stock            218

Add: Proceeds from issue of subordinated bonds    274

Less: Cash dividends paid on preferred stock          -77

Net cash from financing activities                             167

Note: Cash interest paid to bondholders belongs to Operating activity

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