1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Law Incorporation [45]
3 years ago
14

A firm expects to sell 26,100 units of its product at $14 per unit. Pretax income is predicted to be $61,100. If the variable co

sts per unit are $7, total fixed costs must be:
a. $304,300.
b. $365,400.
c. $95,500.
d. $121,600.
e. $182,700.
Business
2 answers:
bija089 [108]3 years ago
3 0

Answer:

d. $121,600

Explanation:

The total sales revenue = 26100 * 14 = $365400

Out of this revenue figure, 61100 is the profit figure which means the total costs are 365400 - 61100 = $304,300

The variable costs amount to = 7 * 26100 = $182700

As we know that the total cost is made up of both fixed and variable costs, the fixed costs will then be,

Fixed cost = Total cost - Variable cost

Fixed Cost = 304300 - 182700 = $121,600

g100num [7]3 years ago
3 0

Answer: $121,600

Explanation:

Given the following;

Number of units = 26,100

Cost per unit = $14

Pretax income = $61,100

Variable cost = $7

Pretax income represents an organization's profif after deducting all operating expenses before except income tax.

Total revenue from sales = $14 × 26,100 = $365,400

If Total revenue from sales = $365,400

and profit accrued after deducting operating expenses = $61,100.

cost of production can be found by;

Total revenue from sales - Pretax income

$365,400 - #61,100 = $304,300

Total cost = $304,300

Using the formula :

Total cost = variable cost + fixed cost

Variable cost = $7 ×26,100 = $182,700

Fixed cost = $304,300 - $182,700 = $121,600

You might be interested in
On January 1, 2021, Blair Company sold $800,000 of 10% ten-year bonds. Interest is payable semiannually on June 30 and December
Anika [276]

Answer:

$42,480

Explanation:

Given that,

Value of bonds = $800,000

Interest rate = 10%

Selling price of bond (Book value) = $708,000

Priced to yield = 12%

The semi-annual yield is calculated as follows:

= 12% / 2 (because the interest is payable semiannually on June 30 and December 31)

= 6%

Therefore, the semi-annual bond interest expense:

= Selling price of bond × semi-annual yield

= $708,000 × 6%

= $42,480

Hence, the Blair should report bond interest expense for the six months ended June 30, 2021 in the amount of $42,480.

But the actual cash paid for the interest expense will be:

= (Value of bonds × Interest rate on bonds)

= [$800,000 × (10%/2)]

= $800,000 × 5%

= $40,000

So, the amortization for bond discount is the difference between actual cash paid and bond interest expense:

= $42,480 - $40,000

= $2,480

7 0
3 years ago
FL Systems Inc. and Oryxo Systems Inc. are two competing firms. FL Systems Inc. has $300,000 in tangible assets and $200,000 in
BartSMP [9]

Answer:

C

Explanation:

Based on the scenario being described within the question it can be said that FL Systems Inc. will find it harder than Oryxo Systems Inc. to attain competitive advantage. This is mainly due to the fact that FL Systems Inc. has a large percentage of their money locked in intangible assets. These are assets that cannot be touched or physically used by the customers which makes it very difficult for customers to see the potential value which ultimately hurts their competitive advantage.

8 0
3 years ago
For a plaintiff to establish that he or she has standing to sue, the plaintiff must allege ________.
Bad White [126]

For a plaintiff to establish that he or she has the standing to sue, the plaintiff must allege a personal stake in the resolution of the controversy.

<h3>Who is a Plaintiff?</h3>

A plaintiff is an individual or group who initiates a lawsuit in a court of law. The plaintiff by doing so seeks justice and a legal remedy for that particular problem.

When a plaintiff seeks to establish that he or she has a legal standing to sue, he must allege a personal stake in the resolution of the controversy. That way, he would properly establish the fact.

Learn more about a Plaintiff here:

brainly.com/question/7315287

5 0
2 years ago
1 1.1 Briefly name and explain the aspects of the marking mix.​
mafiozo [28]

Answer: Marketing mix could described as methods taken by an organization to boast their brand or improve demand of product in the market.

Explanation:

Marketing mix could described as methods taken by an organization to boast their brand or improve demand of product in the market.

Aspects of marketing mix are Price, product, promotion and place.

Price; this refers to the value of a product. The organization in considering marketing mix would have to make her price affordable for the market in relation with the value of the product it's selling.

Product; this is the item being sold. The item must be valuable and worth the buy of the customers, this would improve consistent buying and referral by those who have already bought.

Promotion: this refers to actions taken to make known the product visibility in the market. This actions could be through branding, marketing with the aim of making the products demanded more than usual always.

Place: these is referred to as the target market. Every market is not a market, the place refers to those who are either already customers or would be customers. The organization must try to identify those who her products address and try selling to them.

5 0
3 years ago
You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president h
lana [24]

Answer:

Explanation:

Variance analysis studies the relationship between actual and budgeted cost for business activities. Variance analysis helps the management in two ways;

  • Favorable
  • Unfavorable

Favorable - if the actual cost incurred is less than the budgeted cost, the difference amount is a saving for the company.

Unfavorable - if the actual cost is more than the budgeted cost, the difference is an extra expenditure for the company.

Flexible budget;

  • The flexible budget is prepared at different levels of volume that was initially projected by the master budget.
  • It is highly styled and more useful than the master budget.

The report showing the Activity and Spending  Variances for march is given in the file attached below, in other not to cause confusion. Thank you.

Download docx
3 0
3 years ago
Other questions:
  • Assume India can produce either 15 bottles of milk or 50 cartons of eggs using all of its available resources, and Indonesia can
    13·1 answer
  • ammi purchases stock in Vivaldi Corporation. Vivaldi Corporation later encounters legal issues and faces significant legal claim
    12·2 answers
  • The type of cover letter written to request assistance and support from the author’s job network:
    6·1 answer
  • Whose responsibility is it to develop a policy for anaphylaxis management in a specific school?
    13·1 answer
  • Suppose a study shows that the demand for old navy jeans old navy jeans is more elastic than the demand for all jeans jeans. wha
    14·1 answer
  • Exercise 6.6 Closing entries. LO 6-1 The ledger accounts of AXX Internet Company appear as follows on March 31, 2019: ACCOUNT NO
    6·2 answers
  • Which of the following is not one of the three core economic issues that must be resolved?
    14·1 answer
  • When a claim is settled by a title insurance company, the company acquires all rights and claims of the insured against any othe
    10·1 answer
  • Thanks to our group's ________________, we were able to accomplish all our goals. a. detail-oriented structure b. reaction-orien
    13·2 answers
  • how can you use excel to assist in project risk management? what other software can help project teams make better risk manageme
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!