How should the $3,000 in fees and costs be considered?

A furniture manufacturer specializes in wood tables. The tables sell for $150 and incur $60 in variable costs. The company has $

In-s [12.5K]

Answer:

1. 250 wood tables

2. 250 wood tables

3. $37,500

4. 130 wood tables

Explanation:

Sales (units) required to earn a target profit = (Fixed Costs + Target Profit) ÷ Contribution per unit

Where,

Contribution per unit = Selling Price per unit - Variable Costs per unit

= $150 - $60

= $90

Therefore,

Sales (units) required to earn a target profit = ($11, 700 + $10, 800) ÷ $90

= 250 wood tables

Contribution Margin Ratio = Contribution / Sales × 100

= $90 / $150 × 100

= 60 %

Sales (dollars) required to earn a target profit = (Fixed Costs + Target Profit) ÷ Contribution Margin Ratio

= ($11, 700 + $10, 800) ÷ 60%

= $37,500

Sales in Units to Break Even = Fixed Costs ÷ Contribution per unit

= $11, 700 ÷ $90

= 130 wood tables

6 0

3 years ago

A movie theater estimates that for each $0.50 increase in ticket price, the number of tickets sold decreases by 60. The current

kotegsom [21]

Answer:

The daily revenue equation is 29700 - 90x - 30x²

The price that should be charged to maximize daily revenue is $15.75

Explanation:

Revenue is a function of price multiplied by the quantity. Thus, the equation for revenue can be written as,

Let x be the number of times there is an increase in price of $0.5.

The price function is = 16.5 + 0.5x

The demand function is = 1800 - 60x

Revenue = (16.5 + 0.5x) * (1800 - 60x)

Revenue = 29700 - 990x + 900x - 30x²

Revenue = 29700 - 90x - 30x²

To calculate the price that will yield maximum revenue, we need to take the derivative of this equation of revenue.

d/dx = 0 - 1 * 90x° - 2 * 30x

0 = -90 -60x

90 = -60x

90 / -60 = x

x = -1.5

The price needed to maximize revenue is,

p = 16.5 + 0.5 * (-1.5)

p = 16.5 - 0.75

p = 15.75

The demand at this price is = 1800 - 60 * (-1.5)

Demand = 1800 + 90 = 1890

5 0

3 years ago

In a typical business, 80% of a company's

stepladder [879]

In a typical business, 80% of a company's expenses are for option C: Initial investments.

<h3>What do you mean by term Initial investments?</h3>

An initial investment is defined as the amount of money that is required for every business in order to start the project.

The initial investment is equal to capital expenditures plus working capital requirement add after-tax proceeds.

Therefore, approximately 80% of portion of total expense is covered by payment of initial investments.

Learn more about Initial investments, refer to the link:

brainly.com/question/13540082

#SPJ1

7 0

2 years ago

A graphical representation of all organizational jobs along with the numbers of employees currently occupying those jobs and fut

vesna_86 [32]

Answer:

a. a staffing table.

Explanation:

A staffing table -

It refers to the pictorial or the graphical arrangement of the jobs in a firm , where the number of current employees working and their positions and the number of any future vacancy all are represented , is referred to as a staffing table.

It enables the people to get proper idea and information of the organisation or the company .

Hence , from the information of the question,

The correct option is a. a staffing table.

7 0

3 years ago

If you get a personal loan, and the bank asks for something to guarantee the loan, the bank is asking for what?

Licemer1 [7]

The answer will be =Down payment

8 0

3 years ago

Read 2 more answers

How should the​ $3,000 in fees and costs be​ considered?

How should the $3,000 in fees and costs be considered?