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
katen-ka-za [31]
3 years ago
12

A firm is selling two products, chairs and bar stools, each at $50 per unit. Chairs have a variable cost of $25, and bar stools

$20. Fixed cost for the firm is $20,000. a. If the sales mix is 1:1 (one chair sold for every bar stool sold), what is the break-even point in dollars of sales
Business
1 answer:
marishachu [46]3 years ago
4 0

Answer:

Break-even point in dollars= $36,364

Explanation:

Giving the following information:

A firm is selling two products, chairs and bar stools, each at $50 per unit. Chairs have a variable cost of $25, and bar stools $20. The fixed cost for the firm is $20,000.

To calculate the break-even point in dollars for the firm, we need to use the following formula:

Break-even point (dollars)= Total fixed costs / [(weighted average selling price - weighted average variable expense)/ weighted average selling price]

weighted average selling price= (selling price* weighted sales participation)= $50

weighted average variable cost= (variable cost* weighted sales participation)

weighted average variable cost= (25*0.5 + 20*0.50)= $22.5

Break-even point in dollars= 20,000/ [(50 - 22.5)/ 50]= $36,364

You might be interested in
EuroRail and Swiss Rail are hypothetical railways that have a duopoly on the route that connects the cities of Zurich and Munich
Wittaler [7]

Answer:

Select the answer that best describes the strategies in this game.

  • Both companies dominant strategy is to add the train.

Does a Nash equilibrium exist in this game?

  • A Nash equilibrium exists where both companies add a train. (Since I'm not sure how your matrix is set up I do not know the specific location).

Explanation:

we can prepare a matrix to determine the best strategy:

                                                  Swiss Rails

                                     add train             do not add train

                                    $1,500 /             $2,000 /

           add train                     $4,000                $7,500

EuroRail

      do not add train    $4,000 /             $3,000 /

                                               $2,000                $3,000

Swiss Rails' dominant strategy is to add the train = $1,500 + $4,000 = $5,500. The additional revenue generated by not adding = $5,000.

EuroRail's dominant strategy is to add the train = $4,000 + $7,500 = $11,500. The additional revenue generated by not adding = $5,000.

A Nash equilibrium exists because both companies' dominant strategy is to add a train.

7 0
3 years ago
A successful quality strategy begins with
creativ13 [48]

Answer: An organization that starts and builds quality.

Explanation: To have a successful quality strategy, an organization needs to build and instill quality in their employees. When an organization promotes and maintains a quality environment for their workers, they are more likely to have a higher level of output quality.

3 0
3 years ago
David and Darlene Jasper have one child, Sam, who is 6 years old (birthdate July 1, 2012). The Jaspers reside at 4639 Honeysuckl
Andrei [34K]

Answer:

Explanation:

David:

Earnings from Apple Company (office manager)

$26,125

Federal income tax withheld

2,800

State income tax withheld

1,050

Darlene:

Earnings from Rose Company (perfume tester)

$25,100

Federal income tax withheld

2,650

State income tax withheld

900

Their other income includes interest from Pine Tree Savings and Loan of $1,825. Other information and expenditures for 2016 are as follows:

Interest:

On home acquisition mortgage

$11,250

Credit card

925

Taxes:

Property taxes on personal residence

1,300

State income taxes paid in 2016 (for 2015)

315

Contribution (with written acknowledgement) to church

990

Medical insurance

475

Medical and dental expenses

5,800

Income tax return preparation fee paid in 2016

200

Actual general state sales tax for 2016

1,016

Payment of union dues

225

3 0
3 years ago
Your company, ImSecure Inc., is a security investigation firm. You have been contacted by Darling Company, a producer of cardsto
dusya [7]

Answer:

Improperly secured software or not updating systems with critical updates from vendors

Explanation:

It is given that ImSecure Inc. is contacted by the Darling company that it would like to consider moving its client to the EDI for all the order sand payments.

EDI stands for electronic data interchange. It is a platform through which one organization sends their important information through some electronic medium to their associated organization for businesses.

This provides accuracy and transparency to the process but it also comes with some threats. If the electronics exchange is not done through a secured platform, there can be perpetrators of frauds to the organization.

One such opportunity is when these transaction of information is done through improperly secured software or when the software is not updated.

7 0
3 years ago
Which of these entries would be most likely to appear towards the beginning
zubka84 [21]
Cash may appear towards the beginning
4 0
3 years ago
Read 2 more answers
Other questions:
  • Suppose the total market value of all the final goods and services produced in the country of Rushya was $8 billion in 2008 (mea
    14·1 answer
  • On June 5, 2019, Mabel Company purchased an oil well for $850,000. The well contains an estimated $85,000 barrels of oil, with a
    7·1 answer
  • Which of the following is a business organization owned by a group of people for their mutual benefit?
    5·2 answers
  • Julius asks Rachel if she would like to sell her boat. Rachel privately has no interest in selling her boat, and believes that J
    7·1 answer
  • Your project requires new software. The IT department is going to research options to identify the best solution to work with yo
    11·1 answer
  • Sage Company had cash receipts from customers in 2020 of $137,920. Cash payments for operating expenses were $84,990. Sage has d
    14·1 answer
  • Cash paid for equipment would be reported on the statement of cash flows in_________.
    11·1 answer
  • In September, Jeanette Company purchased materials costing $34,400 and incurred direct labor cost of $22,100. Manufacturing over
    8·1 answer
  • Refer to the Article Summary. Implementing a negative interest rate policy, as is discussed in the article summary, would be des
    11·1 answer
  • On January 2, 2020, Pronghorn Company sells production equipment to Fargo Inc. for $52,000. Pronghorn includes a 2-year assuranc
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!