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Umnica [9.8K]
3 years ago
15

Suppose you are the owner of a picture frame store and your current fixed costs total $50,000 (real estate taxes, interest on a

bank loan, etc.). In addition, your current unit variable cost for a picture is $50 (which includes labor, glass, frame and matting). Calculate the price necessary to break-even by selling a quantity of 1,000 frames.
Business
1 answer:
yanalaym [24]3 years ago
4 0

Answer:

Break-even is at a price of $100

Explanation:

Break even is when the incomes are equal to the outcomes.

In this case,  the sales are our incomes and the variable and fixed cost are the outcomes.  

So,

Sales =variable cost-fixed cost

Sales=price *x

Variable cost= $50x

Fixed cost=$50,000

units= 1000

price *1000=$50*1000+50000

Price =(50000+50000)/1000

Price =100000/1000

Price =$100

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3 years ago
Tom walks bethany's dog once a day for $50 per week. bethany values this service at $60 per week, while the opportunity cost of
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The total surplus is A. $30.

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4 years ago
Assume that Smith Corp. will need to purchase 200,000 British pounds in 90 days. A call option exists on British pounds with an
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Answer:

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Explanation:

solution

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3 0
4 years ago
Select the correct answer.
irga5000 [103]
$60, because 4 percent of 300 is 12, and 12*5 years is $60 earned through interest.

The answer is 60.
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