The demand curve of a monopolistically competitive firm is _________________ than that of a perfectly competitive firm. g

Use the following information to determine the break-even point in units (rounded to the nearest whole unit):

denis23 [38]

Answer:

29,771 units

Explanation:

The break-even indicates the number of units that you have to sell to cover your costs. The break-even point is calculated by using the formula:

Break-even point in units= Fixed costs/(selling price per unit-variable cost per unit)

Break-even point in units= $195,000/($14.95-$8.40)

Break-even point in units= $195,000/$6.55

Break-even point in units= 29,771 units

The break-even point in units is 29,771.

4 0

3 years ago

Trevorrow Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets

a_sh-v [17]

Answer:

Activity Variance for net operating Income = $ 10598 Unfavorable

Explanation:

Activity Variance for net operating Income = $ 10598 Unfavorable

Actual Budgeted

6600 Units 6600 Units

Revenue $194,472 $ 185,460

Direct labor $16,145 $ 16500

Direct materials $67,059 $ 68640

Manufacturing overhead $45,587 $ 45620

Selling and

<u>Administrative expenses $25,363 $ 24980</u>

Total Expenses $ 154154 155740

Net Op. Income $ 40,318 $ 29,720

The activity variance for net operating income = Actual- budget=

= $ 40,318 - $ 29,720

= $ 10598 Unfavorable

3 0

3 years ago

A speculator purchases a put option for a premium of $4, with an exercise price of $30. The stock is presently priced at $29, an

Scrat [10]

Answer: - $3

Explanation:

We should note that the holder of a put will gain when the share price is below the exercise price.

Since the gain with regards to the question is ($30 - $29) = $1 and the premium paid is 4, then the maximum profit per unit will be:

= Gain - Premium paid

= $1 - $4

= -$3.

8 0

3 years ago

Which budgeting method takes a bottom-up approach by defining specific objectives, determining the tasks needed to achieve these

KATRIN_1 [288]

Answer:

The bottom-up budgeting is a budgeting method where individual departments or business units prepare their own budgets and them send it upwards (to upper management) for approval or modifications.

The main advantage of this budgeting method is that the focus is set on each department's objectives instead of a predetermined amount set by upper management.

6 0

3 years ago

Jane's Donut Co. borrowed $198,000 on January 1, 2021, and signed a two-year note bearing interest at 11%. Interest is payable i

spayn [35]

Answer:

$21,780

Explanation:

Calculation to determine what Jane's should report interest expense at December 31, 2021, in the amount of:

Interest expense at December 31, 2021=$198,000 x 11% x 12/12

Interest expense at December 31, 2021= $21,780

Therefore Jane's should report interest expense at December 31, 2021, in the amount of: $21,780

7 0

2 years ago