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At Midland Company's break-even point of 9,000 units, fixed costs are $180,000 and variable costs are $540,000 in total. The uni

amid [387]

Answer: $80

Explanation:

Since the fixed costs are $180,000 and variable costs are $540,000, then the total cost will be:

= Fixed cost + Variable cost

= $180000 + 540000

= $720000

Since there are 9000 units, then the unit sales price will be:

= $720000 / 9000

= $80

The unit sales price is $80

7 0

3 years ago

The cartesian coordinate system is also referred to as a(n) _____________ coordinate system.

Rus_ich [418]

The Cartesian coordinate system is also referred to as a rectangular coordinate system coordinate system. It i a system used in geometry which uses coordinates in order to determine the position of a geometric element (point for example). According to this system each point is specified by a pair of numerical coordinates.

6 0

3 years ago

Pendleton Company, a merchandising company, is developing its master budget for 2015. The income statement for 2014 is as follow

Amanda [17]

Answer:

Budgeted functional income statement for 2015

Gross sales ($2,000,000 × 1.04 × 1.06) $2,204,800

Less: Estimated uncollectible accounts ($2,204,800 × 2 %) ($44,096)

Net sales $2,160,704

Cost of goods sold (1,100,000 × 1.03) ($1,133,000)

Gross profit $1,027,704

Operating expenses (475,000 × 1.10) ($522,500)

Depreciation ($25,000)

Net income $480,204

Explanation:

Make the adjustments stated on the 2014 Income Statement.

For Operating Expenses, it is wise to first remove the depreciation expense and apply the increment of 10% to reflect Operating Costs for 2015.

Treat Depreciation Expense separately and at the same amount as for 2014, since depreciation is calculated on straight line method.

3 0

3 years ago

Lawn Innovation is a company that designs and manufactures lawn equipment. The company wants to create a new multipurpose tool t

Fofino [41]

Answer:

The correct answer is letter "B": marketing research.

Explanation:

Marketing research is the study companies make before launching a product or service by which they gauge how successful could be the product in the market. The marketing research is the indicator that will determine if the goods will be produced or not. This study is also helpful at the moment of determining the target market of the firm and its scope, as well as the approximate price that consumers would pay for the product.

7 0

3 years ago

Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operat

Cerrena [4.2K]

Answer:

a. 208.57 units

b. 104.29 units

Explanation:

a. The computation of the economic order quantity is shown below:

$= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}$

$= \sqrt{\frac{2\times \text{6,000}\times \text{\$29}}{\text{\$8}}}$

= 208.57 units

b. And, the average inventory is

= Economic order quantity ÷ 2

= 208.57 units ÷ 2

= 104.29 units

We simply applied the above formulas for calculation of the economic order quantity and the average inventory and the same is shown above

5 0

3 years ago

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