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kirza4 [7]
3 years ago
13

Mickey built his lemonade stand out of $75,000 worth of plywood and paint. He uses $2.25 of lemons, sugar and water to make his

product. What does the selling price of the lemonade need to be to break even at 40 glasses
Business
1 answer:
soldier1979 [14.2K]3 years ago
7 0

Answer:

The selling price of the lemonade need to be to break even at 40 glasses is $1,877.50

Explanation:

Assumption: Considering $75,000 as fixed cost:

Break-even = Fixed cost  / contribution per unit

40 = $75,000 / Contribution per unit

Contribution per unit = $75,000 / 40

Contribution per unit = $1875

Selling Price = $1,875 + $2.25 = 1,877.50

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Andrea has prepared the following list of statements about corporations. Identify each statement as true or false.
Zolol [24]

Answer:

1. A corporation is an entity separate and distinct from its owners.  TRUE

2. As a legal entity, a corporation has most of the rights and privileges of a person.  TRUE

3. Most of the largest U.S. corporations are privately held corporations.  TRUE

4. Corporations may buy, own, and sell property; borrow money; enter into legally binding contracts; and sue and be sued.  TRUE

5. The net income of a corporation is not taxed as a separate entity.  TRUE                  

6. Creditors have a legal claim on the personal assets of the owners of a corporation if the corporation does not pay its debts.  FALSE

7. The transfer of stock from one owner to another requires the approval of either the corporation or other stockholders.   TRUE

8. The board of directors of a corporation legally owns the corporation.  FALSE

9. The chief accounting officer of a corporation is the controller.   FALSE

10. Corporations are subject to fewer state and federal regulations than partnerships or proprietorships. TRUE                                                                                                        

Explanation:

A corporation is a business that is a separate, legal entity that is run by board of directors chosen by the shareholders. A corporation operates or exists as an entity separate and distinct from it's owner or owners. This means that as separate or legal entity, a corporation has the rights and privileges of an individual except the right to vote and be voted for.

The stakeholders or shareholders of the corporation usually select officers to serve is board of directors and every year this board of directors nominate officers for the positions of a president, secretary and treasurer to handle the running's and activities of the corporation. If the board of directors also wishes or decides they can nominate a vice president too.

7 0
3 years ago
Which of the following influences the price elasticity of demand?
daser333 [38]

Explanation:

1. percentage of a consumer's budget

7 0
2 years ago
Read 2 more answers
A firm that is facing both strong cost pressures and strong pressures for local responsiveness should follow _____ strategy. Mul
dangina [55]

Answer:

a global standardization.

Explanation:

Global standardization can be defined as the ability of an organization to use standard marketing techniques across the world with respect to the cultural factors.

Also, local responsiveness can be defined as the degree of requirements and conditions to which a manufacturing firm should significantly adjust their products and methods of production in a particular country to.

A firm that is facing both strong cost pressures and strong pressures for local responsiveness should follow a global standardization strategy.

Hence, when a firm follows the global standardization strategy, the quality of its goods and services is able to meet the needs of customers (people) all over the world because of the streamlining of its production processes, products design, and simplified supply chain management.

5 0
3 years ago
Which of the following is not one of the key components of effective teams?A) team efficacyB) company reputationC) adequate reso
Annette [7]

Answer:

<u>C) adequate resources</u>

Explanation:

  • Teamwork is work that is dependent on the member of the organization that forms a team network and is characterized by the smart work performed together in an effective and efficient style.  
  • The several other components include open communication, effective coordination, efficient cooperation and high levels of interdependence. Thus the team is an action-oriented workforce, with forming, norming and storming of the performance.
3 0
3 years ago
Pound Industries’ customer service department follows up on customer complaints by telephone inquiry. During a recent period, th
goldfiish [28.3K]

Answer:

$85,260.

Explanation:

The Pound industries customer service department incurs $203,000 when 7,000 calls were made. The calls allocated to wholesale operations are 2,940 calls. To identify cost per call, we divide total cost by number of calls initiated.

Cost per call = $203,000 / 7000 calls

Cost per call = $29.

Wholesales operations cost = No. of calls for wholesale operation / Cost per call.

Wholesale operations cost = 2,940 calls * $29 / call

Wholesale operation cost allocated amount = $85,260.

6 0
2 years ago
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