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Dmitrij [34]
3 years ago
8

Ivanhoe provides environmentally friendly lawn services for homeowners. Its operating costs are as follows. Depreciation $1,500

per month Advertising $350 per month Insurance $2,770 per month Weed and feed materials $17 per lawn Direct labor $9 per lawn Fuel $2 per lawn Ivanhoe charges $70 per treatment for the average single-family lawn. Correct answer. Your answer is correct. Determine the company’s break-even point in number of lawns serviced per month. Break-even point Entry field with correct answer 110 lawns LINK TO TEXT LINK TO TEXT Incorrect answer. Your answer is incorrect. Try again. Determine the company’s break-even point in dollars.
Business
1 answer:
Sonbull [250]3 years ago
5 0

Answer:

Explanation:

To start with, we need to get the value for total fixed cost and total variable cost

Total fixed costs = Depreciation + Advertising + Insurance

= $1,500 + $350 + $2,770

= $4,620

Total variable costs per unit = Weed and feed materials + Direct labor + Lawn Fuel

= $17 + $9 + $2

= $28 per lawn

We also need to compute the contribution margin ratio

= Sales per unit - Variable cost per unit / Sales per unit

= (70 - 28) / 70

= 0.6

= 60%

Therefore;

1. Break even sales

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what are some things that allow people to communicate without having to be in the same area (economics)
uranmaximum [27]

Explanation:

Science has made huge progress in every field. If we talk about the ways of communication between people who are not in the same area, it was considered insane few years back; but now this is a reality that people who are not at the same place can communicate with each other just like they are sitting in front of each other.

There are different methods or ways through which people who are not at the same place can communication easily.

The most simplest and conventional method is the use of Telephone. But now, with the progress in Technology and with the use of Internet, there are a lot of communication devices that uses different apps to talk to each other. They are used to talk either through the audio or with the Video as well. Using your mobile phone, or laptops, or other communication gadgets, you can even see the other person while talking to him. So Telephones, Telegraphs, Internet, Cell phones, etc are used to communication without having to be in the same area.

3 0
3 years ago
Answer the question on the basis of the following information. Assume that if the interest rate that businesses must pay to borr
Kay [80]

Answer:

The answer is: C) Investment spending by businesses varies inversely with the interest rate.

Explanation:

This statement is true all the time. When a company evaluates the costs and benefits of an investment, interest rate plays a fundamental part in those calculations. The two basic reasons for that are:

  1. The higher the interest rate a company (or any individual) has to pay for a loan, the harder it is for the company to repay the loan.
  2. The interest rate a bank charges is usually correlated to the opportunity cost of an investment. The higher the interest rates banks charge, the higher the internal rate of return (which is used to calculate the Net Present Value of an investment) will be. This is because banks don´t print money, they take in deposits and then they loan the money the someone else. So if the interest rate the bank charges is high, usually the interest rates the bank pays for the deposits is also high. Instead of investing, a company might just put their money on the bank and earn a better return rate.  
7 0
3 years ago
Provided service to srijana store and received cash Rs 5000.<br>​
Artist 52 [7]

Answer:

what we want to tell about ?or your question is not proper type it full and proper .

I can't understand what you want to ask ?

6 0
3 years ago
You work in the finance division of a company listed in the Stock Exchange. You have just learned that your supervisor has been
stepladder [879]

Answer:

  • Yes it is.
  • Ethical issue ⇒ Insider Trading.

Explanation:

Trading on the stock exchange is supposed to be as fair as possible so that every investor has a fair chance of making returns. If a person - like this supervisor - is using information that is material but not publicly disclosed yet to trade on markets, the fairness of the market is compromised because the person will have an edge over other investors which will enable them make unfair profits.

Information on quarterly returns is usually material so we can expect it to be material here as well which means that the supervisor is engaged in insider trading.

Insider trading is not only unethical but also highly illegal. Reporting your supervisor can get them sent to jail.

8 0
3 years ago
Campbell Co. has net sales revenue of $1,340,000, cost of goods sold of $760,900, and all other expenses of $299,000. The beginn
Softa [21]

Answer:

3.50

Explanation:

Given the information above, we need to find first the Average fixed assets.

Average fixed assets = Fixed assets beginning balance + Fixed assets ending balance / 2

= ($370,000 + $398,000) / 2

= $384,000

Then , the fixed assets turnover will be calculated as;

Fixed assets turnover = Net revenue / Average net fixed assets

= $1,340,000 / $384,000

= 3.50

Therefore, Campbell Co. Fixed asset turnover ratio would be 3.50

5 0
3 years ago
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