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Tems11 [23]
3 years ago
8

Bear Publishing sells a nature guide. The following information was reported for a typical month: Total Per Unit Sales $ 17,600

$ 16.00 Variable expenses 9,680 Contribution margin 7,920 Fixed expenses 3,600 Net operating income $ 4,320 What is Bear's current break-even point in unit and dollars
Business
1 answer:
avanturin [10]3 years ago
7 0

Answer:

Instructions are below.

Explanation:

Giving the following information:

Sales= $17,600 ($16.00 selling price per unit)

Contribution margin 7,920

Fixed expenses 3,600

First, we need to calculate the unitary contribution margin:

Units sold= 17,600/16= 1,100 units

Unitary contribution margin= 7,920/1,100= $7.2

Now, using the following formulas, we can calculate the break-even point in units and dollars:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 3,600/7.2= 500 units

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 3,600/ (7.2/16)

Break-even point (dollars)=$8,000

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Which of the following management responsibilities often involves evaluating the results of operations against the​ budget?
gayaneshka [121]

Answer: (C) Controlling

Explanation:

 The controlling is one of the most important function in the management as it involves proper planning, directing and the organizing all the function in the system.

 The main objective of the controlling is that it helps in evaluating the management process and also helps in the error checking in order to taking the various types of decision for the correction purpose.

 According to the given scenario, the controlling is one of the management responsibility that involve against the given budget for the purpose of evaluation in an organization.

 Therefore, Option (C) is correct.

3 0
3 years ago
According to U.S. law, a company has an illegal monopoly when it dominates an industry and ___. *
aivan3 [116]

Answer:

a

Explanation:

5 0
3 years ago
Read 2 more answers
A company had net income of $252,327. Depreciation expense is $21,821. During the year, Accounts Receivable and Inventory increa
Anettt [7]

Answer: Option (d) is correct.

Explanation:

Given that,

Net Income = $252,327

Depreciation expense = $21,821

Accounts Receivable increased by = $14,346

Inventory increased by  = $33,617

Prepaid Expenses decreased by = $3,079

Accounts Payable decreased by = $4,161

Loss on the sale of equipment = $5,398

Operating Income = Net Income + Depreciation expense - Accounts Receivable - Inventory + Prepaid Expenses - Accounts Payable + Loss on the sale of equipment

= $252,327 + $21,821 - $14,346 -  $33,617 + $3,079 - $4,161 + $5,398

= $230,501

7 0
3 years ago
A well diversified portfolio needs about 3 to 5 stocks from different categories.
Oduvanchick [21]

Answer:

This is false.

Explanation:

Diversification is An investment strategy that includes a mixture of a wide variety of investments from different categories within a portfolio.

A well diversified portfolio does not need 3 to 5 stocks from different categories instead A well-diversified portfolio needs about 20-25 stocks from various categories.

3 0
3 years ago
Suppose Dina is an avid reader and buys only comic books. Dina deposits $3,000 in a bank account that pays an annual nominal int
Tomtit [17]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Dina deposits $3,000 in a bank account that pays an annual nominal interest rate of 10%. The comic book is priced at $15.00.

We don't have the number of years on the investment. But we can figure out an answer.

With $3000 she can buy:

Number of comics= 3000/15= 200 comics.

Using the following formula we can calculate the amount of money that she will have at the end of several years.

FV= PV*(1+i)^n

For example:

1 year

FV= 3000*1.10^1= $3300

Comics= 3300/15= 220 comics

5 years:

FV= 3000*1.10^5= $5,315

Comics= 5315/15= 354 comics

8 0
3 years ago
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