As a prospective owner of a club known as the red rose, you are interested in determining the volume of sales dollars necessary for the coming year to reach the break-even point. you have decided to break down the sales for the club into four categories, they are as follows: category estimated sales cost per unit sales price per unitbeer 30,000 $0.75 $1.50meals 10,000 $5.00 $10.00dessert/wine 10,000 $1.00 $2.50lunches/sandwiches 20,000 $3.25 $6.25your fixed cost is $1800 per month plus $2000 per month for entertainment. a) what is your break even point? b).what is the expected number of meals eaach day if you are open 30 days a month?

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)

Atoy store has a new game in stock, but customers aren't buying it. which of the following types of inventory increases when customers aren't buying this game? a. work-in-process b. raw materials c. finished goods d. in-transit