1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
9. Problems and Applications Q9 Purchasing-power parity holds between the nations of Ectenia and Wiknam, where the only commodit
LenaWriter [7]

Answer:

In this case, one dollar is worth three pesos.9

Explanation:

Base on the scenario been described in the question, the exchange rate between the two countries will be gotten as follows

Since the purchasing-power parity (PPP) normally holds, the exchange rate will be (2/6) = 1/3dollars/peso. That is, one peso will buy you one third of a dollar. Alternatively,we can write this as (6/2) = 3 pesos/dollar. In this case, one dollar is worth three pesos.9

6 0
3 years ago
Balances for each of the following accounts appear in an adjusted trial balance. Identify each as an asset, liability, revenue,
inna [77]

Answer:

Explanation:

1. Accounts Receivable - Asset (Come under Current Asset)

2. Equipment - Asset (Come under Fixed asset)

3. Fees Earned - Revenue (Come under income statement)

4. Insurance Expense - Expense (Come under income statement)

5. Prepaid Advertising - Assets (Come under Current Asset)

6. Prepaid Rent - Asset (Come under Current Asset)

7. Rent Revenue - Revenue (Come under income statement)

8. Salary Expense - Expense (Come under income statement)

9. Salary Payable - Liability (Come under current liabilities)

10. Supplies - Asset  (Come under Current Asset)

11. Supplies Expense - Expense  (Come under income statement)

12. Unearned Rent - Liability (Come under current liabilities)

6 0
3 years ago
Proponents of rational expectations theory argued that, in the most extreme case, if policymakers are credibly committed to redu
White raven [17]

Answer:

The sacrifice ratio could be as small as 0

Explanation:

The Sacrifice Rate is the loss of output due to the fight against inflation, and can be expressed as how much product is lost to reduce inflation by 1 percentage point. The Sacrifice Rate is a proposition by economist Robert Lucas Jr, who noted that the slowdown in long-term inflation is associated with a reduction in the production of goods and services over a period of time until economic agents adapt to the new reality. pricing and restructuring their expectations of the economy. Therefore, the social cost of fighting inflation is a reduction in GDP and an increase in the unemployment rate.

Because of this, we can conclude that if policymakers are committed to reducing inflation and rational people understand this commitment and quickly reduce their inflation expectations, the sacrifice rate can be as low as 0.

7 0
3 years ago
A business may survive and prosper during the growth stage even though it has neither differentiated its offering from competito
Elan Coil [88]

Answer:

B. Getting caught in the transition period without a clear strategic advantage.

6 0
3 years ago
Frank, the CEO of an American production company, negotiated an opportunity with a television provider in India. After the negot
In-s [12.5K]

Answer:

The contract would be described as <em>International Contract.</em>

Explanation:

<em>International Contracts: </em>International contracts refers to a legally binding agreement between parties based in different countries, in which they are obligated to do or not do certain things. International contracts may be written in a formal way such as the example of Frank contracting an Indian television provider.

Consequently, Frank and the Indian television provider having entered into a contract, are governed by international contract law unless they agree to abide by the laws of one of the US and India.

Moreover, <em>International sales contracts </em>are governed by the <em>United Nations Convention on Contracts for the International Sale of Goods (CISG) from 1980.</em>

8 0
3 years ago
Read 2 more answers
Other questions:
  • Gourd supermarkets has an extensive training program for all new employees and then has all employees spend a day in customer se
    13·2 answers
  • What is 'lowest evaluated bid' ?
    15·1 answer
  • John,a supervisor at the local factory, receives frequent requests from workers on how to fix the machine they use.What should J
    13·2 answers
  • A benchmark index has three stocks priced at $34, $57, and $67. the number of outstanding shares for each is 405,000 shares, 515
    14·1 answer
  • 1. Matthew is working in the sales and service pathway providing new transportation options to his customers. Based on this, wha
    10·1 answer
  • Preparing a consolidated income statement - with noncontrolling interest, but AAP or intercompany profits
    13·1 answer
  • Foxburg Company has the following information: Work-in-Process Finished Goods Materials Beginning inventory $ 550 $ 650 $ 750 En
    6·1 answer
  • One of your customers has decided to commit $10,000 to fixed income. She is trying to decide if it makes more sense to invest in
    5·1 answer
  • A monopolist has market power because it Group of answer choices none of the Answers are Correct. Faces a downward-sloping deman
    14·1 answer
  • Where do financial institutions get the funds that they lend to customers?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!