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Rudik [331]
3 years ago
15

If fixed costs are $1,200,000, the unit selling price is $240, and the unit variable costs are $110, what is the amount of sales

required to realize an operating income of $200,000?
a. 10,769 units
b. 5,833 units
c. 12,000 units
d. 9,231 units
Business
1 answer:
Lady bird [3.3K]3 years ago
5 0

Answer: The amount of sales required to realize an operating income of $200 000 is a. 10,769 units.

Explanation: We can solve it with a simple equation:

200 000 = 240x - 1 200 000 - 110x

200 000 + 1 200 000 = 240x - 110x

1 400 000 = 130x

1 400 000 / 130 = x

10769, 23077 = x

We check: 240 . 10769,23077 - 1 200 000 - 110 . 10769,23077  = 200000 √

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Mister Jones was selling his house. The asking price was $220,000, and Jones decided he would take no less than $200,000. After
user100 [1]

Answer:

D) not able to be calculated from the information given.

Explanation:

Consumer surplus is the difference between willingness to pay of a consumer and the price actually paid for a good or service.

The price paid by Smith is $205,000 but there's no information on the willingness to pay of Smith. Therefore, the consumer surplus can't be calculated.

I hope my answer helps you.

5 0
3 years ago
What should you look for to be sure you can trust the source of information on a webpage?
ozzi

You can evaluate the credibility of a source by looking at:

- The author: if an article doesn't list an author, this is a red flag

- The date: Research and news needs to up-to-date in order to be the most accurate

- Sources: Credible articles will cite the sources that they used.

-Domain: .com and .org sites can be purchased by normal people and their information may or may not be credible. .edu sites are educational and .gov sites are operated by the government. These sites are typically credible sources of information

-Design and style: look to see if the site is organized in a professional manner and is free from spelling and grammar errors

5 0
3 years ago
Blake eats two bags of potato chips each day. Blake's hourly wage increases from $9 to $15, and he decides to stop eating generi
max2010maxim [7]

Answer:

-4 units

Explanation:

Using the midpoint method, Blake's income elasticity of demand for generic potato chips is given by the change in demand (D) multiplied by his average income (I), divided by the change in income multiplied by the average demand:

E=\frac{\Delta D}{\Delta I}*\frac{I_{avg}}{D_avg}\\E=\frac{0-2}{15-9}*\frac{\frac{9+15}{2}}{\frac{2+0}{2} }\\E=-4\ units

Blake's income elasticity of demand is -4 units.

8 0
3 years ago
The following information is from the annual financial statements of Nancy Company.
lakkis [162]

Answer:

5.79 times

Explanation:

The computation of the Accounts receivable turnover ratio  

= Credit sales ÷ average accounts receivable

where,  

Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2

= ($46,400 + $49,700) ÷ 2

= $48,050

And, the net credit sale is $278,000

Now put these values to the above formula  

So, the answer would be equal to  

= $278,000 ÷ $48,050

= 5.79 times

5 0
3 years ago
A company received a bank statement showing a balance of $78,000. Reconciling items included outstanding checks of $2,400 and a
Kisachek [45]

Answer:

Adjusted Bank Balance = $85,000

Explanation:

Adjustment of bank balance is a bank reconciliation procedure, that is used to match the amount in the bank statement with the amount in the company's balance sheet.

To adjust the bank balance, particulars that need to be subtracted or added to the bank statement balance has to be identified and treated accordingly.

For this example, the adjusted balance is calculated thus:

Adjusted bank balance = (Bank statement balance) - (outstanding checks) +(deposit in transit)

Adjusted Bank Balance = 78,000 - 2,400 + 9,400 = $85,000

Note:

outstanding checks are subtracted because they are payments to be made made by the company, representing a liability to the company (payer)

deposit in transit is an income to the company that has not been credited yet, but that will be credited.

3 0
3 years ago
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