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Veronika [31]
3 years ago
15

It costs $3000 to reserve a room, hire an instructor, and bring in the equipment. Assume it costs $25 per student for the admini

strators to provide the course materials. If we know that 20 people will attend, what price should be charged per person to break even?
Business
1 answer:
Anastaziya [24]3 years ago
8 0

Answer:

&175

Explanation:

Breakeven price is the minimum price a product or service  must be sold to cover the cost of producing it. Its aim is to ensure that items are not sold at a loss.

In the scenario given ,

Cost of room reservation = $3000

Cost of room / student = $3000/20 = $150

Course materials per student = $25

Total cost of course materials = $25 * 20 =$500

Total cost of training = $3,500

Target attendees = 20

Breakeven price  = $3500/20 = $175

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Misleading cost numbers are larger when unit-level assignments and the alternative activity-cost-driver assignments are proporti
frez [133]

Answer:

The correct answer is False.

Explanation:

Misleading cost numbers are considered to be higher when their unit allocations and the alternative activity-cost-driver allocations are proportionally different from each other. This means that it corresponds to the contrary to what is detailed in the statement.

3 0
3 years ago
Paige Company estimates that unit sales will be 10,800 in quarter 1, 12,700 in quarter 2, 14,800 in quarter 3, and 18,500 in qua
lilavasa [31]

Answer:

Results are below.

Explanation:

Giving the following information:

Paige Company estimates that unit sales will be 10,800 in quarter 1, 12,700 in quarter 2, 14,800 in quarter 3, and 18,500 in quarter 4. Using a sales price of $85 per unit.

<u>Sales Budget:</u>

<u>Q1:</u>

Sales= 10,800*85= $918,000

<u>Q2:</u>

Sales= 12,700*85= $1,079,500

<u>Q3:</u>

Sales= 14,800*85= $1,258,000

<u>Q4:</u>

Sales= 18,500*85= $1,572,500

3 0
3 years ago
What would happen to the equilibrium price and quantity for llama sculptures as a result of the price decrease of the porcelain
chubhunter [2.5K]

The equilibrium price and quantity for llama sculptures would fall as a result of the price decrease of the porcelain sloths. Being that they are substitute goods, a fall in price of the sloths would lead to a decrease in the demand for the llama sculptures.

An equilibrium price, additionally known as a market-clearing charge, is the consumer price assigned to some product or service such that deliver and call for are equal, or close to identical. The manufacturer or vendor can promote all the devices they want to transport and the consumer can get right of entry to all the units they need to shop for.

What's equilibrium price and demand?

The equilibrium price is in which the supply of goods fits call for. when a chief index stories a duration of consolidation or sideways momentum, it may be said that the forces of deliver and call for are fantastically equal and the market is in a nation of equilibrium.

What's particular approximately an equilibrium price?

An equilibrium price is particular due to the fact it's far the only charge at which amount demanded and quantity furnished are same. it's miles the price that corresponds with the intersection of the supply and call for curves.

What's the maximum essential characteristic of the equilibrium price?

The most critical function of the equilibrium price is that it: clears the market, leaving neither a surplus nor a scarcity.

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5 0
2 years ago
Will give free brain
Andre45 [30]

Answer:

free brain ;)

Explanation:

6 0
3 years ago
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Kathy is buying her first home. She is financing a total of $185,000 at an APR of 5% for 25 years. How much are her monthly paym
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Based on Kathy's total cost of financing the home, the APR, and the period, her monthly payments would be $1,081.49.

<h3 /><h3>How much would Kathy pay per month?</h3>

Find the monthly period:

= 25 x 12

= 300 months

The monthly rate:

= 5%/12

= 5/12%

The monthly amount is:

= 185,000 / (( 1 - (1 + 5/12%)⁻³⁰⁰) / 5/12%)

= $1,081.49

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