Current operating income for bay area cycles co. is $74,000. selling price per unit is $120, the contribution margin ratio is 30%, and fixed expense is $250,000. required: 1. calculate bay area cycle’s breakeven point in units and total sales dollars. (round your unit answer to nearest whole units and other answer to the nearest whole dollar.) 2. calculate bay area cycle’s margin of safety and margin of safety ratio. (do not round your intermediate answers and round your percentage answer to the 1 decimal place and other answer to nearest whole dollar)

Owning a word is a characteristic of a powerful a. productb. servicec. organization d. brand

Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.

In a chapter 7 bankruptcy, a debtor: