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mel-nik [20]
3 years ago
11

Last year Easton Corporation reported sales of $480,000, a contribution margin ratio of 25% and a net loss of $16,000. Based on

this information, the break-even point was:
A. $435,000

B. $544,000

C. $506,000

D. $600,000
Business
1 answer:
Debora [2.8K]3 years ago
8 0

Answer:

B. $544,000

Explanation:

Given: Sales: $480000.

           Contribution margin ratio= 25%

           net loss= $16000.

Break even point: It is point in business where profit is equal to expenses of the business.

Now, finding the fixed expense.

Fixed expense= loss+ (contribution\ margin\times sales)

⇒ Fixed expense= 16000+ (0.25\times 480000)

⇒ Fixed expense= 16000+ 120000

∴ Fixed expense=  \$ 136000

Next, computing the break even point

Sales to Break even point= \frac{Fixed\ expense}{Contribution\ margin\ ratio}

⇒ Break even point= \frac{136000}{0.25}

∴ Break even point= \$ 544000

Hence, the break even point was $544000

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allsm [11]

Answer:

Option A, buy less of X and more of Y is correct.

Explanation:

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Quantity of good X = 5 units

Price of good X (Px) = $3 per unit

Marginal utility of 5th unit of X (MUx) = 30

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Price of good Y (Py) = $2 per unit

Marginal utility of 6th unit of Y (MUy) = 18

Now \ find \  \frac{MUx}{Px} = \frac{30}{3} = 10 \\

Now \  \frac{MUy}{Py} = \frac{18}{2} = 9

Since \ the  \ \frac{MUx}{Px} is \ greater \ than \  \frac{MUy}{Py}.

So good x will be substituted for y in order to reach the consumer equilibrium.

\frac{MUx}{Px} =  \frac{MUy}{Py}

Thus, Option a. buy less of X and more of Y is correct.

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The law of demand states that​ ______, the​ ______ the price of a​ good, the smaller is the quantity demanded; and the​ ______ t
saul85 [17]

Answer:

The correct answer is letter "D": other things remaining the​ same; higher; lower..

Explanation:

According to the demand law, <em>ceteris paribus</em>, as long as the price of a good or service decreases the quantity demanded increases. If the price increases, the quantity demanded for that good or service decreases. The relationship between quantity demanded and the price is inversely proportional.

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A manufacturer has monthly cost of 60,000 and a production cost of 10$ for each unit produced. The product sells for $15/unit.
Andreyy89

Answer:

a. What is the cost function.

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b. What is the revenue function.

R(x) = 15x

c. What is the profit function.

P(x) = R(x) - C(x) = 15x - 10x - 60,000 = 5x - 60,000

Compute the profit loss corresponding to production level of 10,000 and 14000.

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P(10,000) = 5(10,000) - 60,000 = 50,000 - 60,000 = -$10,000

14,000 units produced:

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Answer:

$4,000 gain

Explanation:

Some information was missing:

the spot rates for euros were:

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the goods costed €200,000 x 0.4675 = $93,500 on December 31, 20x3

Since the goods were sold FOB shipping point, we have to use the shipping date (December 10) to calculate the original price. By December 31, the price in US dollars had decreased by $4,000 resulting in a foreign exchange gain.

8 0
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