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
Gnoma [55]
3 years ago
11

Randy’s Pizza delivers pizzas to dormitories and apartments near a major state university. The company's annual fixed costs are

$32,800. The sales price averages $9, and it costs the firm $5 to make and deliver each pizza. Required: A.How many pizzas must Randy’s sell to break even? B.How many pizzas must the company sell to earn a target profit of $36,800? C.If budgeted sales total 10,100 pizzas, how much is the company's safety margin in dollars?
Business
1 answer:
riadik2000 [5.3K]3 years ago
5 0

Answer:

a. 8,200 pizzas

b. 17,400 pizzas

c. $17,100

Explanation:

The computation is shown below:

a. For break even point

= (Fixed expenses ) ÷ (Contribution margin per unit)  

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $9 - $5

= $4

So, the break even point is

= $32,800 ÷ $4

= 8,200 pizzas

b. For target profit

The break even point is

= (Fixed expenses + target profit) ÷ (Contribution margin per unit)  

= ($32,800 + $36,800) ÷ $4

= 17,400 pizzas

c. And, the margin of safety in dollars is

= (Total sales - break even sales) × selling price per unit

= (10,100 pizzas - 8,200 pizzas) × $9

= $17,100

You might be interested in
What keys to success did the leaders describe
sasho [114]
<h2>Answer: <u>As well as providing direction, inspiration, and guidance, good leaders exhibit courage, passion, confidence, commitment, and ambition. They nurture the strengths and talents of their people and build teams committed to achieving common goals. The most effective leaders have the following traits in common.</u></h2><h2><u /></h2>

Explanation:

4 0
2 years ago
The LaGrange Corporation had the following budgeted sales for the first half of the current year:
Liono4ka [1.6K]

Answer:

The total cash collected during January by LaGrange Corporation would be: $192,000

Explanation:

Total Credit Sales in December of the current year = $63,000/45% = $140,000

The total cash collected during January = Cash sales of January + 55% x Credit sales of January + 40% x Credit sales of December + uncollected November sales

The LaGrange Corporation has Cash sales of January of $40,000 and Credit sales of January of $140,000, uncollected November sales of $19,000

The total cash collected during January = $40,000 + 55% x $140,000 + 40% x $140,000 + $19,000 = $192,000

8 0
2 years ago
You are a foreign exchange student studying in Switzerland. You are from Australia and currently have Australian dollars and som
alexandr1967 [171]

Answer:

BUYER

Explanation:

Since you want to travel to Great Britain and you have Australian dollars and euros, you will need to BUY the currency that you need but do not have. Furthermore when the student will be leaving Great Britain and still has some pounds left which he wont be needing in Switzerland, he will have to sell off those pounds, and at that point he'll be a Seller.

4 0
3 years ago
Which of the following is a more attractive place to do business? Multiple Choice A nation that lacks democratic institutions A
antiseptic1488 [7]

Answer: A nation with a market-based economic system

Explanation:

Market economies are generally considered the best places to do business because the competitive nature as well as minimal Government interference gives companies the opportunity to make profits if they are efficient enough.

A company that lacks basic democratic institutions will be shunned because the Government can impose unilateral decrees that could be harmful to business and people would be unable to go against them. The same goes for a nation where economic activity is regulated by the state.

And a nation where the rule of law does not take precedence over business could lead to unfair competition so the Market based economy is the best to do business in.

3 0
3 years ago
I would say, "This situation is a problem for someone with Sharon’s leadership style. Sharon’s team has been on the job for a wh
saul85 [17]

Answer: The answer is Laissez - faire leadership style

Explanation:

Leadership : This can be defined as the ability which makes a manager to exert a positive influence over the behaviour of their subordinates. It is a process by which managers direct the affairs of the organizations with a view to achieve the overall objective of the organization. Leadership is the aspect of management that has to do with the human beings.. every manager will have a different approach to leadership depending upon the managers personality, traits, early training, abilities, and experience. The following are the leadership styles

Autocratic leadership style : This is a kind of leadership style in which power is in the hands of one authority whose word is a law.it is a leadership style in which orders are issued and are expected to be obeyed without question. All decisions in this kind of leadership are those of the leaders little or no discussion does not take place with the subordinates.

Democratic leadership style:This is a kind of leadership style in which the leaders or managers share their decision making activities with their subordinates as much as possible while they do not give up their ultimate responsibility or authority. In this leadership style much decision making is done through discussion either formally or informally.

Laissez -faire : This is a kind of leadership style which focuse on the delegation of duties to subordinates without providing little or no supervision to monitor the performances such subordinates on the job. This kind of leadership style is used when subordinates are experienced, well trained, such that they required little or no supervision in doing their job.

Bureaucratic leadership style : This is a kind of leadership style which focuse mostly on rules and procedures as it is written in which subordinates are therefore expected to follow such rules and procedures spelt out for them by the managers to the latter in the performance of duties in the organization

8 0
3 years ago
Other questions:
  • The laffer curve illustrates that, in some circumstances, the government can reduce a tax on a good and increase the
    9·1 answer
  • The use of a part-time workforce to increase the capacity flexibility by enabling the firm to have more people at work during pe
    7·1 answer
  • With the ___________ inventory control system, producers hold only the amount of materials and parts that they need for a short
    13·1 answer
  • According to the principles of integrated marketing communication, it is critical for ________.
    5·1 answer
  • A marketing consultant wants to estimate the proportion of all shoppers at a certain mall who make at least one purchase. he sta
    9·1 answer
  • The group that sets the Federal Reserve System's policy on buying and selling government securities (bills, notes, and bonds) is
    11·1 answer
  • Splish Corporation has outstanding 2,200 $1,000 bonds, each convertible into 50 shares of $10 par value common stock. The bonds
    5·1 answer
  • What are the two major financial institutions used by consumers for handling money?
    14·2 answers
  • If 20,000 units in ending inventory are 75% complete with respect to direct materials and 60% complete as to conversion costs, t
    6·1 answer
  • 8. Problems and Applications Q8
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!