Under a written insurance contract, the policyholder pays a premium, and the insurance company provides:___

Partner Industries sells a single product for $50 that has a variable cost of $30. Fixed costs amount to $5 per unit when antici

Vera_Pavlovna [14]

Answer:

b. $20.

Explanation:

Regardless of what the break-even volume is, at this volume profits are zero.

This means that any unit sold beyond this point will provide a profit equivalent to its marginal benefit, which is its selling price subtracted by its variable cost.

If a product sells for $50 and has a variable cost of $30, by selling one unit in excess of its break-even volume, the profit will be:

$P= \$50-\$30 =\$20$

The profit will be $20.

8 0

3 years ago

5) Big Corporation had the following sales over the last 4 years; Year Sales (in 000s) bgs 1 225.00 2 236.25 3 243.125 4 248.00

babymother [125]

Answer:

5%

Explanation:

a) What was the growth rate in sales between years 1 and 2

Growth rate measures the increase in the level of sales over a period of time

Growth rate from year 1 to 2 = (increase in sales from year 1 to 2 / sales in year 1) x 100

increase in sales from year 1 to 2 = 236.25 - 225 = 11.25

(11.25 / 225) x 100 = 5%

6 0

3 years ago

Which of these goals is specific?

stellarik [79]

The first one is specific because it tells what kind of traveling they want to check that their friends have done

6 0

3 years ago

Morganton Company makes one product and it provided the following information to help prepare the master budget:

yanalaym [24]

Answer:

Budgeted sales for July = $60*29000=$1740000

Expected Cash Collection :30%*1740000=$522000

Explanation:

Budgeted Cash sales for July =$6*29000=$1740000

Expected cash collection for July =70%(60*9800)+30%(1740000)

411,600+522,000=933,600

Account receivable at the end of July =70%*1740000 = $1,218,000.

Units produced in July = 80% * 29000+20%*31000 =29400

5) (10% * 124800 )+90%(4*29400)=12480+105840=118,320

6) 118320*2.5=$295,800

7)(70%*152,160)+(30%*295,800)=106512+88740=$192,252

8) 70%*29580$207,060

9)10%*124800=12,480

10)29400*2*15=$882,000

11)(29400*2*7)+882000=1,293,600/29400=$43.98

12)(20%*31000*2*15)+ (20%*31000*7)= 186000+43,400=229,400

13)Cost of goods sold = 1,293,600

Gross Margin =1,740,000-1,293,000=$447,000

14)68000+(1.8*29000)=$120,200

15) (29000*60)-(1,293,600) - (1.8*29000)-68,000=$326,800

3 0

3 years ago

Rodgers and Winter had capital balances of $60,000 and $90,000, respectively, at the beginning of the current fiscal year. The a

Bas_tet [7]

Answer:

A) Net income $110,000

Rodgers Winter

Salary allowance $25,000 $30,000

interest allowance $7,200 $10,800

(12% of capital)

<u>split renaming income $18,500 $18,500 </u>

net income $50,700 $59,300

B) Net income $65,000

Rodgers Winter

Salary allowance $25,000 $30,000

interest allowance $4,000 $6,000

(40% of remaining income

<u>to Rodgers and 60% to Winter) </u>

net income $29,000 $36,000

4 0

3 years ago

Under a written insurance contract, the policyholder pays a premium, and the insurance company provides:____