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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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2 years ago
The income tax saved by using lifo instead of fifo is equal to the​ ________ times the income tax rate.
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3 0
3 years ago
You wish to buy a cabin in 15 years. TODAY, the cabin costs $150,000. You believe the price of the cabin will inflate at 4% annu
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Answer:

I will need to invest 64,669.73 dollars now.

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time  15 years

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150000 \: (1+ 0.04)^{15} = Amount

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Then we calculate the present value of the lump sum at 15 years discounted at 10% which is the yield of the funds

\frac{Maturity}{(1 + rate)^{time} } = PV  

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we would need to deposit 64,669.73 today to get enough cash to purchase the bcabin in 15 years.

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3 years ago
The difference between zero profit and zero economic profit is that:
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Answer:

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