1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Damm [24]
3 years ago
10

Smithson Cutting is opening a new line of scissors for supermarket distribution. It estimates its fixed cost to be $ 450.00 and

its variable cost to be $ 0.50 per unit. Selling price is expected to average $ 0.75 per unit. ​a) For Smithson​ Cutting, the​ break-even point in units​=(enter your response as a whole​ number).
Business
1 answer:
Whitepunk [10]3 years ago
3 0

Answer:

The break even point is 1,800 units.

Explanation:

Smithson Cutting is opening a new line of scissors for supermarket distribution.

The fixed cost is estimated to be $450.00 and its variable cost to be $0.50 per unit.

Selling price is expected to average $0.75 per unit. ​

Contribution margin per unit

= Sales - Variable cost

= $0.75 - $0.50

= $0.25

Break even point

= \frac{Fixed\ costs}{Contribution\ margin}

= \frac{450}{0.25}

= 1,800

You might be interested in
You have just received notification that you have won the $1.4 million first prize in the Centennial Lottery. However, the prize
Arada [10]

Answer:

Present value = $6404.20

Explanation:

Data provided in the question :

Amount of the Centennial lottery prize won = $1.4 million = $1,400,000

Time after which the amount will be received, n = 70 years

Discount rate, r = 8%

Now,

the present values is given as:

\textup{Present value}=\frac{\textup{Principle amount}}{(1+r)^n}

on substituting the respective values, we get

\textup{Present value}=\frac{\textup{$1,400,000}}{(1+0.08)^70}

or

Present value = $6404.20

6 0
3 years ago
The balanced scorecard approach
AnnyKZ [126]

Answer: The correct answer is "c. normally sets the financial objectives first and then sets the objectives in the other perspectives to accomplish the financial objectives.".

Explanation: The balanced scorecard approach normally sets the financial objectives first and then sets the objectives in the other perspectives to accomplish the financial objectives.

The balanced scorecard states that we must focus on the organization from four perspectives and that goals, measures, rules or objectives be developed for these perspectives.

The 4 perspectives are:

- Financial: which is the most important one whose objectives are established first and the objectives of the other perspectives will be established in order to meet the objective of the financial perspective.

-Client

-Internal processes

-Organizational capacity

3 0
3 years ago
2. "Because corporations do not actually raise any funds in secondary markets, secondary markets are less important to the econo
gladu [14]

Explanation:

I disagree with this argument, it can be said that the secondary market is equally or more important than the primary market, due to the fact that it is the secondary markets that determine what will be the prices that the companies that issue bonds will sell in the primary market.

Secondary markets can also be considered to be responsible for making securities easier to sell in the primary market due to their greater liquidity.

4 0
3 years ago
Unfortunately, Angie doesn't have enough money in her account right now. She needs to make additional contributions at the end o
SIZIF [17.4K]

Answer: $770.22

Explanation:

If she makes equal contributions then those would be annuities. The $9,000 she wants to have will be the future value of the amount currently in her account and the annuity.

9,000 = 5,000 ( 1 + r) ^ n + ( annuity * future value interest factor of an annuity, 9%,  3 years)

9,000 = 5,000 ( 1 + 9%) ^ 3 + ( Annuity * 3.2781)

9,000 = 6,475.145‬ + 3.2781 * Annuity

Annuity  = (9,000 - 6,475.145‬) / 3.2781

Annuity = $770.22

4 0
3 years ago
Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 100,000 shares of $6 par value common stock
DedPeter [7]

Answer:

The total stockholders' equity at the end of 2021 is $271,500

Explanation:

In order to calculate the total stockholders' equity at the end of 2021 we would have to use the following formula:

Stockholders' equity=Common stock+ Paid-in capital in excess of par+ Net income-Dividends- Treasury stock

Common stock= ( 10,000*$6 + 20,000*$6 ) = $180,000  

Paid-in capital in excess of par=(10,000*($8-$6) + 20,000*($9-$6)=$ 80,000   Treasury stock= ( 3,500 * $11 )=$38,500

Therefore, Stockholders' equity= $180,000+$ 80,000 + $100,000-$ 50,000 - $38,500    

Stockholders' equity= $271,500

The total stockholders' equity at the end of 2021 is $271,500

6 0
3 years ago
Other questions:
  • The amount of federal income taxes withheld from an employee's gross pay is recorded as a(n)
    6·1 answer
  • If you were interested in evaluating the profitability of a company and could have only limited historical data, would you prefe
    14·1 answer
  • Which model of decision making explains how managers should use logic to determine the optimal means of furthering the organizat
    6·1 answer
  • Some years ago, chemists at 3M Corporation were trying to create a super-strong glue. Somehow they got their molecules twisted a
    14·1 answer
  • Timothy is the human resources manager for a local manufacturing facility. recently, the ceo of the manufacturing company decide
    12·1 answer
  • John worked in a manufacturing job building car engines. Over time, this work was increasingly performed by machines, and manufa
    7·1 answer
  • In a perfectly competitive industry, the existence of positive economic profits induces firms to _______ (enter / exit) an indus
    13·1 answer
  • On December​ 31, Year​ 10, Brown Company changed its inventory valuation method from the​ weighted-average method to FIFO for fi
    9·1 answer
  • Summarize the purpose of hyperlinks and how to add them to a document.
    7·1 answer
  • __________ is a view of the self as able to master skills and complete tasks.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!