Answer:
1. 120 hot dogs per day
2. $1,920
3. Inelastic
4.200
Explanation:
1. Break even is a term given to a situation where there is no profit or loss made by an organization for product sales.
Formula is;
Fixed cost /contribution per unit, where contribution per unit is selling price - variable price.
Solution.
Since Total fixed cost =$1,200, Selling price=$16, Variable costs=$6
=Fixed costs/(Selling price - Variable costs).
= $1,200/($16 - $6)
=$1,200/$10
=120 hot dogs.
2. Break even point in dollar sales volume. This refers to the number of products that would be produced and sold to cover production cost.
Formular is ;
Fixed cost/contribution per unit× Sales price per unit.
Solution
=Fixed costs/(Selling price - Variable costs)× Selling price.
=$1,200/($16 - $6)×$16
=$1,200/$10×$16
=$1,200×$16/$10
=$19,200/$10
=$1,920
3. The demand would be inelastic. Inelastic demand is when the demand of buyers does not change as much as changes in price.
4. Achieve level of sales target. This is when management wanted to know the sales level at which targeted profit will be achieved.
Formula
Fixed costs + Target profit/Contribution per unit
Solution.
=Fixed costs + Target profit/(Selling Price - Variable costs)
= $1,200 + $800/($16-$6)
=$1,200 + $800/($10)
=$2,000×/$10
=$200
=200 cases would needed to sell
The potential risk that the investors may face when this is made use is that the issuer may not be able to make profit when the bonds are considered to offer as a guaranteed return because they are honored by law and with that, this will cause the value of the bond to be lowered when exposed in the market in which the return will also be lower when return to the investors.
The type of questions an operations manager responsible for operational-level planning addresses are related to the amount of inventory units for a given product that he must order.
<h3 /><h3>Operational planning</h3>
It is at this level where the methods and processes responsible for the correct functioning of the company are defined, fulfilling all the tasks foreseen. It comprises the short term, about up to 1 year in duration.
Therefore, an operations manager who develops operational planning must be aware of organizational needs in relation to its operations, valuing quality, reliability, speed and better costs.
The correct answer is:
- How many units of stock for product X should I order?
Find out more information about operational planning here:
brainly.com/question/5938153
The appropriate response is Method. It speaks to how crude materials are framed, formed, and held together. Frequently there are numerous techniques to finish the framing of a section. Both the materials and plan prerequisites drive the determination of the strategies.
