1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Jlenok [28]
2 years ago
14

Suppose you are the owner of a picture frame store and you wish to calculate how many pictures you must sell to cover your fixed

and variable costs at a given price. Demand for pictures is strong, so the average price customers are willing to pay for each picture frame is $120. Also, suppose your fixed costs (FC) total $32,000 (real estate taxes, interest on a bank loan, etc.) and unit variable cost (UVC) for a picture frame is $40 (labor, glass, frame, and matting). What is the quantity of picture frames you will need to sell to break even
Business
1 answer:
Hunter-Best [27]2 years ago
3 0

Based on the selling price of the picture frames and the unit variable costs, the break-even point is 400 picture frames.

<h3>What is the breakeven point?</h3>

This can be found by the formula:

= Fixed costs / (Selling price - Variable costs)

Solving gives:

= 32,000 / (120 - 40)

= 32,000 / 80

= 400 picture frames

Find out more on breakeven point at brainly.com/question/21137380.

#SPJ12

You might be interested in
Which would be the most likely target market for a new brand of high-end athletic shoes?
qwelly [4]

Answer:

Dedicated athletes, like a marathon runners

Explanation:

6 0
3 years ago
How much of the following is taxable? a. Cheline, an actress, received a $6,400 gift bag for attending the Academy Awards Ceremo
Bingel [31]

Answer:

A. $6,400

B. $240

C. $1,000,000

D. $30,000

Explanation:

Requirement A, C, and D:

Prizes and awards are taxable income for a taxpayer. Any awards or prizes won from the lottery or television should be added to the income. Therefore, the Winning lottery is a taxable income for Kerry, $1,000,000. Again, Receiving the award for scientific research is also taxable income for Deborah, $30,000.

The winning award for accomplishments is also a taxable income. So, receiving a $6,400 worth gift bag is a taxable income for Cheline.

Requirement B:

There is an exception if the award is for tangible property and a long-years of accomplishment. At that time, the taxpayers will be excluded from some part of the necessary amounts to be paid as tax. If it is not a qualified award, the exclusion will be $400. If it is qualified, the tax exclusion is 1,600. Since Jon received a gold watch for 25 years of service and the gift is not qualified, he has to pay tax for $(660 - 400) = $240.

6 0
4 years ago
Dozier and his wife, daughter, and grandson lived in the house Dozier owned. At the request of the daughter and grandson, Pascha
liubo4ka [24]

Answer: Yes

Explanation: In the above case, a quasi-contract was formed. This is when a bilateral contract is not in place but one party will enjoy the benefit of the activities of the other party and may be enriched  by it.  

A bilateral agreement is the exchange of a promise for another and in this case would have been, the promise that Dozier would pay for Paschall’s work. This was not established, however, Dozier will benefit from Paschall’s work unduly if he does not pay for the improvements. The law holds that he has to pay for Paschall’s work to prevent being unjustly enriched.

6 0
3 years ago
Kenneth, the CEO of Dewberry Inc., is very particular about establishing and maintaining good interpersonal relations with his e
qaws [65]

Answer:

<em>Need for Achievement.</em>

Explanation:

David McClelland and his colleagues developed the Needs / Achievement Motivation Theory theory of McClelland.

The theory suggests that three needs; <em><u>Need for Power, Success and Affiliation</u></em>-affect human actions.

The desire to succeed, to perform in comparison to a set of norms, to strive to achieve greatness is the need for achievement.

5 0
3 years ago
5. Country P has an unemployment rate of .10, and there are 100,000
IrinaVladis [17]

Answer:

1000 000 (1 million)

Explanation:

(number of unemployed/ labour force)=0.1

(100 000/0.1)=workforce

workforce= 1000 000

7 0
3 years ago
Other questions:
  • Marshland Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information i
    10·1 answer
  • When the marketing student said, "It's really hard for me to get to class on time without a car," she was entering which stage o
    15·1 answer
  • Why is it important to perform multiple trials in an experiment -- meaning that you include many test individuals or samples?
    13·1 answer
  • Tharaldson Corporation makes a product with the following standard costs:Standard Quantity or Hours Standard Price or Rate Stand
    11·1 answer
  • Which strategy is most likely to help a person gain confidence?
    6·2 answers
  • During the current year, OutlyTech Corp. expected to sell 22,500 telephone switches. Fixed costs for the year were expected to b
    12·1 answer
  • Carpet Renewal dyes carpets for residential customers. The company is interested in estimating fixed and variable costs. The fol
    7·1 answer
  • The Pan American Bottling Co. is considering the purchase of a new machine that would increase the speed of bottling and save mo
    14·1 answer
  • Briefly define net income and net loss.
    11·1 answer
  • In most companies, portfolio management is typically done at the sbu or ___________ level of the firm.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!