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Sergeeva-Olga [200]
1 year ago
11

The Fashion Shoe Company operates a chain of women's shoe shops around the country. The shops carry many styles of shoes that ar

e all sold at the same price. Sales personnel in the shops are paid a substantial commission on the following pair of shoes sold (in addition to a small basic salary) in order to encourage them to be aggressive in their sales efforts.The following worksheet contains cost and revenue data for Shop 48 and is typical of the company's many outlets.
(a) Calculate the annual break-even point in dollar sales and in unit sales for Shop 48.
Business
1 answer:
timofeeve [1]1 year ago
4 0

The computation of the break-even point (in units) is given below:

Break-eventpoint = Fixed cost / contribution margin.

= Fixed cost / (selling price -  variable cost)

= $158,000/ ($20-%10)

= $158,000/ $10

= %15,800 units.

The break-even point (in units) for Shop 48 is 15,800 units. It can be computed by dividing the amount of fixed cost by the amount of per unit contribution margin. And the per unit contribution margin can be computed by deducting the variable cost per unit from the selling price per unit.

The break-even point is the point at which total costs equal total sales, and there is no loss or profit for a small business.

Learn more about the break-even point at

brainly.com/question/9212451

#SPJ4

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There is a _______ relationship between real GDP and tax revenues, which partially explains deficit spending during a recession.
chubhunter [2.5K]

Answer: positive

Explanation:

The real gross domestic product refers to the value of the output in an economy which has been adjusted for price changes.

There's a positive relationship between the real GDP and tax revenues. This can be used to explain deficit spending during a recession. When there's recession, there'll be a reduction in the output and consumption in the economy. At this point, there'll be a reduction in GDP.

3 0
3 years ago
All of the following are examples of financial stability except. a. being able to save for retirement. b. being able to pay bill
Setler79 [48]

Answer:

d. living paycheck to paycheck

Explanation:

Being financially stable means the ability to generate sufficient income to meet current and future expenditures. It means one can comfortably pay current bills, and have enough to meet for unexpected or emergency expenses.  A financially stable person can afford the basic need as well secondary needs such as education, investments, and vacations with ease.

From the list provided, examples of financial stability will include the ability to save for the future, meet current bills, and not living paycheck to paycheck. Living from paycheck to paycheck means a person spends all his or her earnings within the month. In most cases, their monthly budgets exceed income. The individual may have slightly enough or insufficient resources to last them until the next payday.

4 0
3 years ago
You want to purchase a new motorcycle that costs $29,800. The most you can pay each month is $510 over the life of the 78-month
TiliK225 [7]

Answer:20,5369%

Explanation:We know APR is the Annual Percentage Rate that is paid over a loan. If we are to pay during 78 months at most $510 each month, then we could pay in total 510*78=$39780 in the course of the six years and a half that constitute the 78 months. This means that yearly we can pay in interest $39780/6,5=$6120 each year, this represents the interest over the loaned money, i.e., the $29800. Then the APR is

\\\frac{6120}{29800} =20,5369\% annualy or 1,71141% monthly and it is the highest APR you could afford, 20.5369%

4 0
2 years ago
Assume that you finance a new car when you graduate. It will cost $120,000 and you will finance it with a 84 month contract havi
shusha [124]

Answer: $1942.89

Explanation:

Since the car will cost $120,000 and it will be financed with a 84 month contract having a nominal rate of 9.20%, then the monthly payment will be:

= PMT(9.2%/12, 84, -120000)

This will be slotted into the Excel calculator and the answer gotten will be $1942.89

Therefore, the monthly payment will be $1942.89.

6 0
3 years ago
You are given an investment to analyze. the cash flows from this investment are end of year 1. $19,340 2. $2,280 3. $26,600 4. $
AleksandrR [38]
PW = FW×(1+i)^-n

PW = $19340×1.15^-1 + $2280×1.15^-2 + $26600×1.15^-3 + $24240×1.15^-4 + $8770×1.15^-5 = $54250.90

hence PW = $54250.90
6 0
3 years ago
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