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GrogVix [38]
3 years ago
11

The fixed cost of Perfect Pizzas, a pizza restaurant, is $400,000 per year. The cost of ingredients and chef to make one pizza i

s $6. If customers pay $10 to buy one pizza, Perfect Pizzas needs to sell at least _____ pizzas per year to avoid losses.
Business
1 answer:
ella [17]3 years ago
4 0

Answer:

The correct answer is 100,000 pizzas.

Explanation:

According to the scenario, the given data are as follows:

Fixed cost = $400,000

cost per pizza = $6

Sale price per pizza = $10

So, we can calculate the number of pizza to sell per year to avoid losses by using following formula:

First we calculate the profit per pizza

Profit = Sale price - Cost per pizza

= $10 - $6

= $4

Now, Number of pizza to sell = Fixed cost ÷ profit per pizza

= $400,000 ÷ $4

= 100,000

Hence, the number of pizza to sell per year to avoid losses is 100,000.

You might be interested in
Five thousand bonds with a face value of $1000 each, are sold at 110. The entry to record the issuance is
Contact [7]

Answer:

Date, bonds sold at a premium

Dr Cash 5,500,000

    Cr Bonds payable 5,000,000

    Cr Premium on bonds payable 500,000

Explanation:

The total face value of the bonds is $1,000 x 5,000 bonds = $5,000,000

since the bonds were sold at 110, their price was $5,000,000 x 110% = $5,500,000

the difference between the face value and the actual market price = $5,500,000 - $5,000,000 = $500,000 must be recorded as premium on bonds payable (increases the bonds' carrying value)

4 0
3 years ago
In the long run, the price charged by the monopolistically competitive firm attempting to maximize profits: must be less than at
elena-s [515]
<span>must be less than atc</span>
7 0
3 years ago
To validate the study, the supervisors call ________ of the respondents to inquire whether the field workers actually conducted
pentagon [3]

Answer:

10 to 25 percent

Explanation:

It is noteworthy that in such research work, in other to validate the study, the supervisors are usually required to call 10 to 25 percent of the respondents to inquire whether the field workers actually conducted interviews.

Remember, if such control policies are not in place, the field workers may not be performimg their duties, that is why the supervisors make such calls to monitor the field workers performance.

7 0
3 years ago
The answers to an economy's three central economic problems are determined by the interaction of three forces: economic forces,
jeka57 [31]

Correct/Complete Question:

The answers to an economy's three central economic problems are determined by the interaction of three forces: economic forces, political forces, and social forces. True or False

Answer:

True

Explanation:

The above forces, economic, political and social determine the answers to the three economic problems and also determines how economic forces operate in an economy. The three economic questions are;

 -  What goods and services should be produced?

 -  How should these goods and services be produced?

 -  Who consumes these goods and services?

Political forces are forces that influence the economic and political stability of the market. Social forces include cultural influences on the economic stability of the market. Economic forces on the other hand are the factors that determine/influence the competitiveness of the market in which a firm operates.

I hope this helps.

5 0
3 years ago
The 10% bonds payable of Crane Company had a carrying amount of $4060000 on December 31, 2020. The bonds, which had a face value
faust18 [17]

Answer:

The correct answer is "43,000".

Explanation:

The given values are:

Carrying amount,

= $4060000

Face value,

= $3900000

Now,

For June 30, 2021, the Interest expense will be:

= 4060000\times 10 \ percent\times \frac{1}{2}

= 203,000

For June 30, 2021, the cash interest will be:

= 3900000\times 8 \ percent\times \frac{1}{2}

= 156,000

Now,

On June 30, 2021, the premium's amortization will be:

= Interest expense - Cash interest

= 203,000-156,000

= 47,000

On retirement, the cash paid will be:

= 3900000\times 104 \ percent

= 4,056,000

On June 30, 2021, the less carrying amount will be:

= Carrying amount - amortization

= 4060000-47000

= 4,013,000

Then,

The loss on retirement as well as ignoring taxes will be:

= Cash paid - less carrying amount

= 4,056,000-4,013,000

= 43,000

6 0
2 years ago
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