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
kotegsom [21]
3 years ago
6

Greg is the owner of a full-service car wash. For the month of December he paid $2,000 in rent, $700 in utilities, $2,950 in sal

aries, and $50 on advertising. A full service car wash costs $10.50. Unit variable costs per car wash are $2.50. How many full-service car washes does Greg need to sell to break-even each month
Business
1 answer:
galben [10]3 years ago
3 0

Answer:

Break-even point= 713 car washes

Explanation:

Giving the following information:

For December he paid $2,000 in rent, $700 in utilities, $2,950 in salaries, and $50 on advertising. A full-service car wash costs $10.50. Unit variable costs per car wash are $2.50.

First, we need to calculate the total fixed costs:

Fixed costs= rent + utilities + salaries + advertising

Fixed costs= 2,000 + 700 + 2,950 + 50= $5,700

Now, using the following formula, we can calculate the break-even point in units:

Break-even point= fixed costs/ contribution margin

Break-even point= 5,700/ (10.5 - 2.5)= 713 car washes

You might be interested in
Money markets are markets for_________.
Mila [183]

Answer:

e. Short-term debt securities such as Treasury bills and commercial paper.

Explanation:

The money market is a branch of financial markets that trade in short-term, high liquidity debt instruments. The money markets create an opportunity for investors and borrowers to buy and sell different types of short term financial securities. The short-term securities maturity period ranges from one day to less than 12 months.

The securities that trade in market markets are called money market instruments. They include commercial papers, Eurodollar deposits, treasury bills, federal agency notes, and certificates of deposit. The money markets are important because they enable companies with temporary financial shortfalls to borrow money by selling money market instruments. They also give companies with cash surplus a platform to invest and earn interests.

8 0
3 years ago
An example of a nondepository financial institution is which of the following?
Nostrana [21]

The answer is C - Brokerage Firm

7 0
3 years ago
Read 2 more answers
During the interview, hiring manager Manuel openly discussed both the negative and positive aspects of the job with the applican
mylen [45]

Answer:

realistic job preview

Explanation:

A realistic job preview serves to show real life situations that candidates may face if they are chosen to cover open positions. This approach can be used to show the important aspects and required skills necessary to perform the job's tasks. As a human resource tool, this approach increases new employees' commitment and actually help to lower churn rate.

3 0
3 years ago
Dennis Kozlowski, John Thain, and Raj Rajaratnam are former CEOs mentioned in the text that have been involved in corporate gove
denpristay [2]

Answer:

Dennis Kozlowski was found guilty of grand larceny, falsifying business records, securities fraud, and conspiracy.  He later admitted to have been driven by excessive greed as he overcompensated himself when he served as CEO of Tyco.

Explanation:

Dennis Kozlowski during his crime trial was found to have received "$81 million in unauthorized bonuses, the purchase of art for $14.725 million, and the payment by Tyco of a $20 million investment banking fee to Frank Walsh, a former Tyco director," according to wikipedia.com.

4 0
3 years ago
Smartphone applications are developed by _____.
kenny6666 [7]
Well, smartphone applications are developed by 1. manufacturers of the handheld device, 2. <span>third-party software developers and finally by </span><span>operators of the communications network on which they operate. </span>
6 0
3 years ago
Other questions:
  • Refer to Exhibit 23-9. Assume that demand increases from D1 to D2; in the new long run equilibrium, price settles at a level bet
    11·1 answer
  • When developing the advertising program, firms must choose between the various forms of media available. Each of the eight commo
    6·1 answer
  • What is the main advantage of an electronic database
    8·1 answer
  • If the CPI was 72.6 in 1979 and 144.5 in 1993, by what percentage did prices rise during the period 1979-1999?
    15·1 answer
  • A customer alleges wrongdoing on the part of a registered representative and files a complaint with the broker/dealer. The broke
    14·1 answer
  • Part E14 is used by M Corporation to make one of its products. A total of 22,000 units of this part are produced and used every
    12·1 answer
  • Within her company, maria utilizes a management style that varies according to the individual and environmental situation, with
    9·2 answers
  • You are considering investing $1,000 in a complete portfolio. The complete portfolio is composed of Treasury bills that pay 5% a
    9·1 answer
  • The ____ is a private corporation owned by a consortium of commercial banks and industrial companies, but the ____ is a self-sus
    6·1 answer
  • The following is an example in which the proposed method is applied to a fixed asset with an original cost of $248,000, an estim
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!