Kathy quit her job Because she was tired of her job as a financial advisor
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Break-even point (in dollar sales):
Determine the monthly break-even point for the new toy in dollar sales as shown below:
Break-even point (in sales dollars) = Break-even point (in units) × Selling price per unit
=50,115 units $2.60 each
= $130,299
Thus, the break-even point (in sales dollars) is $130, 299.
The break-even point is the point at which total costs equal total sales. In other words, there is no loss or profit for small businesses. This means that we have reached a stage of production where the cost of production equals the revenue of the product. A breakeven point is used in multiple areas of business and finance.
Learn more about the break-even point at
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Reserves - $20,000
Checkable Deposits - $200,000
Reserves Ratio - 10
Household Deposit - $15,000
Level of Excess Reserves - ?
Solution:
Checkable Deposits = $200,000 + $15,000 = $215,000
Required Reserves = 0.10 x $215,000 = $21,500
Excess Reserves = Actual Reserves - Required Reserves
= $35,000 - $21,500 = $13,500
