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geniusboy [140]
3 years ago
11

Target Profit Outdoors Company sells a product for $110 per unit. The variable cost is $65 per unit, and fixed costs are $288,00

0. Determine (a) the break-even point in sales units and (b) the break-even point in sales units if the company desires a target profit of $54,720.
Business
1 answer:
STatiana [176]3 years ago
7 0

Answer:

Results are below.

Explanation:

Giving the following information:

Target Profit Outdoors Company sells a product for $110 per unit. The variable cost is $65 per unit, and fixed costs are $288,000.

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 288,000 / (110 - 65)

Break-even point in units= 6,400

<u>Now, we incorporate the desired profit in the formula:</u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (288,000 + 54,720) / 45

Break-even point in units= 7,616 units

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Explanation:

Preparation of Journal entries

Based on the information given we were told that Buchanan had to paid the amount of $305,090 for damages which means that the Journal entry will be:

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Answer:

r = 0.139 or 13.9%

Option e is the correct answer

Explanation:

Using the CAPM, we can calculate the required/expected rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.  

The formula for required rate of return under CAPM is,

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r = 0.04 + 0.9 * (0.15 - 0.04)

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Hope I helped! Plz mark brainliest! Have a great day!

4 0
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Read 2 more answers
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