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Neko [114]
4 years ago
8

Data concerning Farm Corporation's single product appear below:

Business
1 answer:
scoundrel [369]4 years ago
7 0

Answer:

$221,000

Explanation:

Breakeven Point is the level of Sales where business has no profit no loss. At this level of sales the business covers all the varible and fixed expenses.

Contribution margin = Selling Price - Variable cost

Contribution margin = $290 - $78.3

Contribution margin = $211.70

Contribution margin Ratio =

Contribution margin Ratio = Contribution margin / Sales

Contribution margin Ratio = $211.70 / $290

Contribution margin Ratio = 0.73 = 73%

Breakeven Point = Fixed Cost  / Contribution margin ratio

Breakeven Point = $161,330 / 73%

Breakeven Point = $221,000

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In which of the following businesses is the business owner usually responsible for price setting, A. Sears B. Allstate Insurance
navik [9.2K]
D. Ma's Dry Cleaners
5 0
3 years ago
The following unadjusted trial balance contains the accounts and balances of Dylan Delivery Company as of December 31, 2017
Ganezh [65]

Answer:

<u>Question 1</u>

Part a

Debit : Depreciation $8.231

Credit : Accumulated Depreciation $8.231

Part b

Debit : Interest Expense $8,000

Credit : Long term notes payable $8,000

Part c

Debit : Office Supplies Expenses $ 500

Credit:  Office Supplies $ 500

<u>Question 2</u>

Capital amount to be reported on the December 31, 2017 balance sheet is $170,551

Explanation:

<em>See below the full question that i have attached </em>

Calculation of Capital amount as at December 31, 2017

Balance before adjustments              $187,282

Adjustments :

Depreciation                                           ($8.231)

Interest Expense                                   ($8,000)

Office Supplies Expenses                      ($ 500)

Balance after adjustments                   $170,551

Download pdf
6 0
3 years ago
_____, which is the ease with which consumers can sample or use a new product innovation, _____ the diffusion rate.
ivolga24 [154]

Answer:

Trialbility; increases

Explanation:

A marketing mix can be defined as the choices based on pricing strategy, product attributes, communication and distribution strategy that a business firm offer to its potential customers and target markets.

Generally, a marketing mix is made up of the four (4) Ps;

1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.

2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.

3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.

4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc

Hence, trialbility which is the ease with which consumers can sample or use a new product innovation, increases the diffusion rate.

This ultimately implies that, when a business firm avails its customers the opportunity to try out their newly introduced or invented products, it increases the rate at which the product will become accepted in the market.

5 0
3 years ago
Suppose that the required reserve ratio is 7.00%. What is the simple money (deposit) multiplier? Round to two
elena55 [62]

Answer:

14.29

Explanation:

Given

Reserve Ratio (R) = 7.00%

Required

Calculate the deposit multiplier (M)

To calculate simple money multiplier (M), we make use of the following formula.

M = 1/R

Where

R represent the reserve ratio

Substitute 7.00% for R

M = 1/7.00%

Convert % to decimals

M = 1/0.07

M = 14.29 ---- Approximated

Hence, the simple money multiplier is 14.29

4 0
3 years ago
A tendency to perseverate on tests like the Wisconsin Card Sorting task is most likely to reflect damage in the:
Gwar [14]

The WCST assignment is to categorize cards, which vary via 3 criteria: coloration, shape, or range of the designs at the face of the playing cards,

The Wisconsin Card Sorting task a look at (WCST), in the beginning, evolved to evaluate abstract reasoning capacity and the potential to shift cognitive strategies in response to converting environmental contingencies,1,2 is also taken into consideration as a measure of the govt functions.

The Wisconsin Card Sorting take a look at (WCST) is a neuropsychological check of "set-shifting", i.e. the ability to display flexibility in the face of converting schedules of reinforcement. The WCST turned into written by way of David A. furnish and Esta A.

In 1948, furnish and Berg published their now very well-known Wisconsin Card Sorting task a look. it is a test of cognitive reasoning. Later, in the 1960s, Milner began to use this cognitive take a look at to assess a patient's degree of brain damage to the prefrontal cortex.

Learn more about WCST here: brainly.com/question/25109150

#SPJ4

6 0
2 years ago
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