At the current level of operating leverage, the small manufacturing business needs to sell <u>18,182 units</u> of widgets to break even.
<h3>What is the break-even point?</h3>
The break-even point is the level of production and sales required so that the entity does not incur any losses or earn any profits.
At the break-even point, the total costs (fixed and variable) equal the sales revenue.
<h3>Data and Calculations:</h3>
Fixed assets = $400,000
Production cost of each widget = $3
Selling price per unit = $25
Variable cost per unit = $3 ($25 x 12%)
Contribution margin per unit = $22 ($25 - $3)
Break-even point in units = Fixed Costs/Contribution margin per unit
= 18,182 units ($400,000/$22)
Thus, at the current level of operating leverage, the small manufacturing business needs to sell <u>18,182 units</u> of widgets to break even.
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Answer:
The correct answer is: cognitive model.
Explanation:
The cognitive model of abnormality in psychology refers to the study of how people think and what their perceptions are and how they affect their behavior, emotions, and reactions. Because of internal and/or external factors, individuals' thoughts could be distorted. However, they can learn to discriminate between one and another so their perceptions adjust more to reality.
The price of an item can rise or fall
Answer:
Net Increase in cash = $124,200
Explanation:
Note: The correct value for Year 2021 inventory is $510,300 not $10,300.
Also note: See the attached excel file for the statement of cash flows for 2022.
In the attached excel file, the following workings are used:
Workings:
w.1: Increase in accounts receivable = Account receivable in 2022 - Account receivable in 2021 = $237,600 - $205,200 = $32,400
w.2: Decrease in inventory = Inventory in 2022 - Inventory in 2021 = $450,900 - $510,300 = -$59,400
w.3: Decrease in accounts payable = Accounts receivable 2022 - Accounts receivable 2021 = $105,300 - $116,100 = -$10,800
w.4: Disposal of land = Land in 2021 - Land in 2022 = $270,000 - $216,000 = $54,000
w.5: Purchase of equipment = Equipment in 2022 - Equipment in 2021 = $702,000 - $540,000 = $162,000
Answer:
b. excludable and rival in consumption
Explanation:
For categorizing the goods as private or public, the two terms we need to understand i.e. rivalry and excludability
The rivalry refers only one person could consume it no other has the right to consume the same thing
While on the other hand, the excludable arise when you stop someone from using a particular thing
So here in the given case, the option b is most appropriate as it is fit to the scenario
