Which statement would apply to a consortium?

Kim is thinking of organizing a fundraiser to support a local charity. She has planned to rent a banquet hall and provide the gu

mina [271]

Answer:

It would need 549 guests to break even.

Explanation:

The first step will be know the Contribution Margin:

$Sales \:Revenue - Variable\: Cost = Contribution \:Margin$

Variable Cost

Food 120

Other 8

Total 128

Next we do the Contribution Margin, which represent how much cash each guest generates to pay the fixed cost

500- 128 = 372

Then we Calculate the total fixed cost we need to pay

Rental 150,000

Advertising 50,000

Entertainment 4,000

Total 204,000

Now we calculate the Break Even Point in units (for this case, in guests)

$\frac{Fixed\:Cost}{Contribution\: Margin} = Break \: Even \: Point_{guests}$

$\frac{204,000}{372} = 548.34$

It would need 549 guests to break even.

4 0

3 years ago

The following information is from Amos Company for the year ended December 31, 2019. Retained earnings at December 31, 2018 (bef

Tems11 [23]

Answer:

$1,017,400

Explanation:

Particulars Amount

Retained earnings December 31st, 2018 $858,000

Prior period adjustment

Depreciation expense error -$42,600

Adjusted retained earnings December 31st, 2018 $815,400

Add: Net income $220,000

Less: Dividend -$18,000

Retained earnings December 31st, 2019 $1,017,400

6 0

3 years ago

In an emergency situation the driver should always contact the dispatcher? True or false

Goryan [66]

Most definitely True

7 0

3 years ago

Read 2 more answers

Assume that on September 30, 2017, AirUS, an international airline based in Germany, purchased a Jumbo aircraft at a cost of

kaheart [24]

Answer:

A.7,650,000

B.2,677,500

C.17,000,000

Explanation:

DATA:

purchase cost = 42,500,000

Useful life = 5 years

Estimated useful life in miles = 5,000,000 miles

Salvage value = 4,250,000

Actual useful life in miles = 350,000miles

Solution

A. Depreciation (straight-line)= $\frac{Cost-residualvalue}{Usefullife}$

Depreciation( straight-line)= $\frac{42,500,000-4,250,000}{5}$

Depreciation( straight-line)= 7,650,000

B Depreciation (units of production)= (cost-Salvage value) x $\frac{Actualunits}{Estimatedunits}$

Depreciation (units of production)= (42,500,000-4,250,000)x $\frac{350,000}{5,000,000}$

Depreciation (units of production) = 2,677,500

C. Depreciation (Double declining) = 2 x cost x depreciation rate

Depreciation (Double declining) = 2 x 42,500,000 x 0.2(w)

Depreciation (Double declining) = 17,000,000

Working

Depreciation Rate = 1/Useful

Depeciation Rate = 1/ 05 = 0.2

6 0

4 years ago

You have used the best data available and framed the best and most focused questions you could. What must you keep in mind about

Nostrana [21]

The statement "the improbable outliers should be eliminated at the time when it contains the good database" is correct.

The following information should not relate to the averages:

It should be hidden by averages irrespective of how the good database is maintained.
It provides meaningful outcomes.
In the case when the good database is maintained so the conclusions could be drawn.

Therefore we can conclude that The statement "the improbable outliers should be eliminated at the time when it contains the good database" is correct.

Like -300,200 and 100 should be zero.

Learn more about the average here: brainly.com/question/24057012

5 0

3 years ago