What Would Be the Break-Even Point in Units for a Firm

question 106

Essay

What would be the break-even point in units for a firm selling fishing poles at a selling price of $100, variable cost per pole is $65, and fixed costs are $100,000?

Understand the need for and process of bank account reconciliation.

Recognize the documentation involved in cash disbursements and receipts, including invoices, purchase requisitions, and vouchers.

Understand the impacts of outstanding checks, deposits in transit, and other reconciling items on the bank reconciliation process.

Learn how the petty cash fund is established, reimbursed, and the journal entry involved in its replenishment.