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valentinak56 [21]
3 years ago
6

North Company sells a single product. The product has a selling price of $30 per unit and variable expenses of 70% of sales. If

the company's fixed expenses total $60,000 per year, then it will have a break-even of:
Business
1 answer:
zavuch27 [327]3 years ago
5 0

Answer:

$200,000

Explanation:

Given:

Selling price = $30

variable expenses = 70% of  = 70% of $30 = $21

Fixed cost = $60,000

Computation of contribution margin :

Contribution\ margin = \frac{Selling\ price-variable\ expenses}{Selling\ price}\\\\Contribution\ margin = \frac{30-21}{30}\\\\Contribution\ margin = 0.3\\\\

Computation of break-even sales:

Break-even sales = Fixed cost / contribution margin

Break-even sales = $60,000 / 0.3

Break-even sales = $200,000

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mojhsa [17]

Answer:

7324

Explanation:

We need to find the number of completed free throws out of total free throws

Since he completed 83.5% of them, you find 83.5% of 8772

83.5% can be rewritten as 0.835

8772 \times 0.835 = 7324.62

We don't round up because it isn't 1 complete free throw. 0.62 is not 1 complete free throw so round down

3 0
2 years ago
Recall the text’s definition of diminishing marginal utility: "the common pattern that each marginal unit of a good consumed pro
son4ous [18]

<u>Explanation:</u>

Note, the term diminishing marginal utility refers to an economic principle that states that the more unit of a particular commodity or service we consume, the more the satisfaction (utility) derived out of the consumption reduces or diminishes.

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Another instance could occur after exercising, I'm given 3 bottles of coke, after taking my first bottle, the amount of utility I derive would reduce until I get to the third bottle, at this point I've reached my peak.

The law of diminishing marginal utility failed for someone I know who had used the same type of toothpaste and brushed her teeth at least once a day for a period of over 10 years.

6 0
3 years ago
Approximately ________ percent of the federal budget is in the mandatory spending category
Goshia [24]

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6 0
3 years ago
Is the yield to maturity on a bond the same thing as the required return? Is YTM the same thing as the coupon rate? Suppose toda
polet [3.4K]

Answer:

1) The yield to maturity is required rate of return on a bond expressed as a nominal annual interest rate. For noncallable bonds, the yield to maturity and required rate of returns are interchangeable terms

2) Unlike YTM and required return, the coupon rate used as the interest rate in bond cash flow valuation, but is fixed percentage of par over the life of the bond used to set the coupon payment amount.

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Explanation:

5 0
3 years ago
Read 2 more answers
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marysya [2.9K]

Answer:

True

Explanation:

According to the IRS:

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  • necessary expenses are expenses that help your company carry on its normal business.

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8 0
3 years ago
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