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charle [14.2K]
3 years ago
12

Holly's Ham, Inc. sells hams during the major holiday seasons. During the current year 11,000 hams were sold resulting in $220,0

00 of sales revenue, $55,000 of variable costs, and $24,000 of fixed cost. How many units must be sold to make $63,000?
a. 5,800
b. 17,400
c. 4,320
d. 3,600
Business
1 answer:
yuradex [85]3 years ago
6 0
I’m not sure but I think it’s A
sorry if it’s wrong
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Chin purchases five protein bars at a price of $3 each. The marginal benefit he receives from each bar is $5 for the first bar,
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Answer:

$5

Explanation:

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3 years ago
The asset's book value is $70,000 on June 1, Year 3. On that date, management determines that the asset's salvage value should b
aniked [119]

Answer:

The correct answer is C that is $4,062.50

Explanation:

The depreciation expense is computed as:

Depreciation expense = Book Value of asset - Salvage Value / Number of years × 6/ 12

where

Book value is $70,000

Salvage value is $5,000

Number of years is 8 because it is Year 3

Number of months is 6 months

= $70,000 - $5,000/ 8 × 6/ 12

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5 0
3 years ago
If the owner contributes $19,400 and net income is $15,900, how much did the owner withdraw (owner, withdrawals)
NeX [460]

Answer:

The owner withdrew $8,300

Explanation:

As per given Data

_______________ Assets ____Liabilities

Beginning of Year: $25,000 ___$17,000

End of Year: _____$62,000 ___$27,000

First, we need to the Beginning and Ending Equity value using following formula

Equity = Assets - Liabilities

Beginning Equity = Beginning Assets - Beginning Liabilities

placing values in the formula

Beginning Equity = $25,000 - $17,000 = $8,000

Ending Equity = Ending Assets - Ending Liabilities

placing values in the formula

Beginning Equity = $62,000 - $27,000 = $35,000

Now use the following formula to calculate the amount of drawing

Ending Equity = Beginning Equity + Contribution + Net Income - Owner withdrawal

Placing values in the formula

$35,000 = $8,000 + $19,400 + $15,900 - Owner withdrawal

$35,000 = $43,300 - Owner withdrawal

Owner withdrawal = $43,300 - $35,000

Owner withdrawal = $8,300

3 0
2 years ago
What is the reason AD is downward sloping ? what causes AD to shift? Define OKun's law
salantis [7]

Answer:

Increased spending power.

Explanation:

At a lower price level, consumers are likely to have higher disposable income and therefore spend more.

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3 years ago
Suppose all banks are subject to a uniform reserve requirement of 20 percent and that the union bank has no excess reserves. if
ahrayia [7]
The answer is 40,000
3 0
3 years ago
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