SoundPro, Inc. produces amplifiers for electric guitars. The firm's income statement showed the following: Revenues (16,000 units) $ 960,000 100 % Variable expenses (672,000 ) 70 % Contribution margin $ 288,000 30 % Fixed expenses (225,000 ) Operating income $ 63,000 An automated machine has been developed that can produce several components of the amplifiers. If the machine is purchased, fixed expenses will increase to $526,500 per year. The firm's production capacity will increase, which is expected to result in a 10 percent increase in sales volume. It is also estimated that the variable expense ratio will be reduced to half of what it is now. (a.) Calculate the firm's current contribution margin per unit and breakeven point in units. (b.) Calculate the firm's contribution margin per unit and breakeven point in terms of units if the new machine is purchased. (c.) Calculate the firm's operating income assuming that the new machine is purchased. (d.) Do you believe that management of SoundPro, Inc. should purchase the new machine

He management's discussion and analysis (md& a) required in general purpose federal financial reporting is different than that required by gasb of state and local governments in that: a. it includes information about the agency's performance goals and results in addition to financial activities. b. it is outside the general purpose federal financial report and is optional, not required. c. it is a part of the basic financial statements and, as a result, it is audited along with the financial statements. d. there are no significant differences.

Alocal club is selling christmas trees and deciding how many to stock for the month of december. if demand is normally distributed with a mean of 100 and standard deviation of 20, trees have no salvage value at the end of the month, trees cost $20, and trees sell for $50 what is the service level?

Fred smithers, a recent college graduate decided to open his own portable juice bar, smithers smoothies, to wheel around newport beach. you, a trusted friend of fred, are a business major that has also recently graduated and agreed to handle the books for a while to get some practical experience and have a favor that you can ask of fred in the future. given the following five transactions concerning the new venture, prepare the necessary journal entries for the transactions, post the journal entries to appropriate t accounts and prepare a trial balance as of the end of the month in order to answer to the necessary may 2: fred invests $12,000 of his own money to start the new company. this money was obtained from a part-time job working at a legal firm while he was in school. may 3: fred spent $5,100 cash to purchase a refrigerated trailer that he can pull behind his car and set up at the beach. under your advice, fred agrees to place the new asset under an account called "equipment." may 6: fred bought $640 of supplies on account from the flav-o-rite confectioners company. because they will last longer than a single accounting period fred agrees to record them as, "supplies" as per your suggestion. may 13: fred sat on the beach for six hours without a single sale and was feeling very down. right before he left, however, a plumber escorting his family reunion along the beach stopped by his stand and bought $800 worth of smoothies for the entire family. under your advice, fred agrees to call this cash revenue, "sales." may 15: excited about his new venture, fred withdraws $350 from the company to take his girlfriend out to dinner. what would be the balance in the cash account at the end of the period following the posting of all the transactions?