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Ksivusya [100]
3 years ago
13

Based on a predicted level of production and sales of 22,000 units, a company anticipates total variable costs of $99,000, fixed

costs of $30,000, and operating income of $36,000. Based on this information, the budgeted amount of fixed costs for 20,000 units would be:
A. $165,000B. $150,000C. $117,272D. $181,500E. $141,900
Business
1 answer:
Hunter-Best [27]3 years ago
4 0

Answer:

correct answer is option B

I.E $150,000

Explanation:

GIVEN DETAILS:

Variable cost $99,000

Fixed cost $30,000

Operating income $36,000

Total sales for 22,000 units = Variable cost + Fixed cost + Operating income

total cost  = $99,000 + $30,000 + $36,000 = $165,000

Selling price of per unit = $165,000 / 22,000 = $7.5

Budgeted amount for  20,000 units = $7.5 x 20,000 = $150,000

so correct answer is option B

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Street Company's fixed expenses total $150,000, its contribution margin ratio is 40% and its selling price per unit is $11.25. B
pickupchik [31]

Answer:

Break-even point in units= 33,333.33 units

Explanation:

<em>The break-even point (BEP) is the quantity of each product to be sold such that the business makes no profit or loss. </em>

The beak-even point can be determined as follows:  

The Break-even point in sales = Total general fixed cost / Contribution per unit margin

Contribution per unit = Contribution margin ration ×  selling price

                                   = 40%×11.25 =4.5

The break-even point (in unit) =  150,000/ 4.5 =33,333.33

break-even point in units= 33,333.33 units

3 0
3 years ago
Financial statements are influenced by five important forces that determine a company's competitive intensity: (A) industry comp
Ivan

<u>Full question:</u>

Financial statements are influenced by five important forces that determine a company's competitive intensity: (A) industry competition, (B) buyer power, (C) supplier power, (D) product substitutes, and (E) threat of entry.

Select one:

True

False

<u>Answer:</u>

Financial statements are influenced by five important forces that determine a company's competitive intensity - True

<u>Explanation:</u>

Michael Porter’s five forces of rival(s) can be applied to monitor and investigate the competitive edifice of an industry by attending 5 forces of opposition that impact and form profit potential.   Supplier power. An evaluation of how simple it is for suppliers to force up prices.  Buyer power. An estimation of how accessible it is for buyers to push prices dropping.

Competitive rivalry. The principal driver is the quantity and ability of competitors in the market.  The threat of substitution. Where close alternate goods endure in a market, it improves the likelihood of customers shifting to alternatives.  The threat of new entry. Favorable markets bring new entrants, which decays profitability.

3 0
3 years ago
Kids' Corner, a toy store, ordered a supply of stuffed toys from Toyland Inc. The toys were supposed to be delivered on the 1 st
AveGali [126]

Kids' Corner, a toy store, ordered a supply of stuffed toys from Toyland Inc. The toys were supposed to be delivered on the 1st of December but were sent to Kids' Corner on the 5th of December. There has been a(n) _____ of contract.  

A. compensatory breach

B. anticipatory breach

C. material breach

D. concurrent breach

<u>Correct Option:</u>

There has been a <u>material breach</u>  of contract.

<u>Option: C</u>

<u>Explanation:</u>

A contract law concept that applies to a non-performance under the contract that is sufficiently serious to give the grieved party the right to sue for contravention of the contract, is understood as a material break or infringement.

If a substantive violation has occurred, the aggrieved party is therefore deprived of a contractual duty to further results. Here the Kids' Corner toy store ordered a supply of stuffed toys from Toyland Inc. but received order in delay date, which is considered as material breach due to late delivery of expected material.

5 0
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Scrat [10]

Answer:

1. bankrupcy

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3.truth in lending laws

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Explanation:

4 0
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How have newspapers responded to their current financial situation?
iragen [17]

Answer:

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Explanation:

8 0
3 years ago
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