Answer:
starting out in a hole that represents economic losses if the firm produces nothing.
Explanation:
Cost-volume-profit analysis is also known as the break even analysis, it is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Fixed costs can be defined as predetermined expenses in a business that remain constant for a specific period of time regardless of the quantity of production or level of outputs. Thus, they are the costs which are not directly related to the level of production or not affected by the quantity of output in an organization. Some examples of fixed costs in business are loan payments, employee salary, depreciation, marketing costs, rent, insurance, lease, utilities, administrative cost, research and development costs, etc.
Furthermore, fixed costs may be relevant in a decision because it affects the amount of future cash-flow of a business entity.
Hence, the fixed costs for a firm are analogous to starting out in a hole that represents economic losses if the firm produces nothing. This simply means that, the firm is only using it money to fund the all of the necessary items or utilities required for the operation of its business but do not produce any goods or services. Simply stated, the firm is not generating any revenue as its produces nothing.
Answer:
Gavin's delivery cycle time=11.6 days
Explanation:
The delivery cycle time is the time between when an order from a customer is received and the time the product is actually delivered to the customer. It can be calculated using the formula below;
DCT=W+I+P+M+Q
where;
DCT=delivery cycle time
W=wait time=5 days
I=inspection time=0.7 days
P=process time=2.5 days
M=move time=0.4 days
Q=queue time=3 days
In our case;
DCT=unknown
W=5 days
I=0.7 days
P=2.5 days
M=0.4 days
Q=3 days
replacing;
DCT=5+0.7+2.5+0.4+3=11.6 days
Gavin's delivery cycle time=11.6 days
Answer: C. The counselor might speak to the creditors on the borrower's behalf.
Answer:
Yes
Explanation:
If a kid sells things daily to people to make profit then that kid would have a "business"
Answer:
Break-even point= 110,000 units
Explanation:
Giving the following information:
Hurly Co. has fixed costs totaling $165,000. Its unit contribution margin is $1.50.
The break-even point in units is the number of units required to cover for the fixed and variable costs.
To calculate the break-even point in units, we need to use the following formula:
Break-even point= fixed costs/ contribution margin
Break-even point= 165,000/1.5= 110,000 units