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3 years ago

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Lucas is running a lemonade stand on a hot day. He initially charges 25 cents a glass and is selling lots of lemonade. He decide

s to raise the price of a glass to $1.25. This price increase would cause the quantity of lemonade demanded to _____.

1 answer:

Alik [6]3 years ago

7 0

Five the is is the answer because 1.25 is just twenty five five times

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Windsor, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The follo

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Answer:

Explanation:

The journal entries are shown below:

1. Petty cash A/c Dr $264.2

To Cash A/c $264.2

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2. Freight - in expense A/c Dr $75

Supplies expense A/c Dr $40

Postage expense A/c Dr $48

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To Cash A/c $115

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3 years ago

Yard Tools manufactures lawnmowers, weed-trimmers, and chainsaws. Its sales mix and unit contribution margin are as follows.

Firlakuza [10]

Answer:

Lawnmowers= 45,726

Weed-trimmers= 114,314

Chainsaws= 68,589

Explanation:

Giving the following information:

Sales Mix - Unit Contribution Margin

Lawnmowers 20 % $34

Weed-trimmers 50 % $24

Chainsaws 30 % $37

Yard total has fixed cost of $6,836,000

Based on the weighted average sales participation and the unit contribution margin, we can calculate the weighted average contribution margin for the whole company. We need it to calculate the break-even point in units.

Break-even point (units)= Total fixed costs / (weighted average selling price - weighted average variable expense)

Weighted average contribution margin= sales participation per product* unitary contribution margin

Weighted average contribution margin= (0.20*34) + (0.5*24) + (0.3*37)= 29.9

Break-even point (units)= 6,836,000/ 29.9= 228,629 units

<u>Now, we can calculate the required units for each product:</u>

Lawnmowers= 0.20*228,629= 45,726

Weed-trimmers= 0.50*228,629= 114,314

Chainsaws= 0.3*228,629= 68,589

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3 years ago