The break-even point is three units if the fixed costs of a new jet ski are $24,000, the sales price is $9,000, and the variable cost per unit is $1,000.
Contribution per unit is $9,000 − $1,000 = $8,000. Then we divide the fixed costs by the contribution per unit: $24,000 ÷ $8,000 = 3 units.
The cost of a company expense that remains constant regardless of whether more or fewer goods and services are produced or sold is fixed costs referred to as a fixed cost. Regular outlays like rent, interest break-even point payments, and insurance are examples of fixed costs that aren't directly connected to production.
In general, fixed costs are indirect since they have nothing to do with how a business produces its products or renders its services. Shutdown points are typically used to cut back on fixed costs. These costs are one of two distinct business costs—the other being variable costs—that break-even point combined make up their overall costs.
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The option that can financial aid eligibility if money is withdrawn from it is C. A 529 plan.
<h3>What is a financial aid?</h3>
It should be noted that a financial aid simply means an aid that's given to people especially students to cater for their fees.
In this case, the option that can financial aid eligibility if money is withdrawn from it is a 529 plan. It enables one to save money.
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Answer:
$762,600
Explanation:
The book value of an asset is the difference between the historical cost of the asset and the accumulated depreciation on the asset. The accumulated depreciation is the sum of the depreciation over the number of years the asset has been used.
Depreciation = (cost - salvage value)/estimated useful life
= ($930,000 - $93,000)/5
= $167,400
At the end of 2019,
Book value of van = $930,000 - $167,400
= $762,600