Answer:
$7,222
Explanation:
Given that,
Selling price per dozen = $18
Variable costs = $5 per dozen
Total fixed costs = $ 5,200
Contribution margin per dozen:
= Selling price per dozen - Variable costs per dozen
= $18 - $5
= $13
Contribution margin ratio:
= (Contribution margin ÷ Selling price per dozen) × 100
= ($13 ÷ $18) × 100
= 0.72 × 100
= 72%
Break-even sales in dollars:
= Total fixed costs ÷ Contribution margin ratio
= $5,200 ÷ 0.72
= $7,222
Answer:
true
I hope it is helpful to you
Answer:
The correct answer is letter "B": a leftward shift of the demand curve because of the high price.
Explanation:
The equilibrium price represents the point at which buyers' demand and sellers supply face each other because both parties' needs are satisfied. If the price of a given product is higher than the equilibrium level, the quantity demanded is likely to decrease which directly implies a leftward move in the demand curve.
Answer:
The correct answer is $ 265.
Explanation:
The gross price at which the product is required to be sold is the price inclusive of all taxes charge on behalf of the Government (sales tax, federal excise duty etc).
So the sale price in the case given in the question will be sum of 250 dollars and 15 dollars that is 265$.
Please note that income tax in not included in price of the product.
