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True [87]
3 years ago
13

They want to make a profit of $55,498 Unit Variable costs = $11 Unit selling price is = $37 Fixed costs = $18,470 How many units

do they need to sell to make the desired profit?
Business
1 answer:
belka [17]3 years ago
6 0

Answer:

2,845 units

Explanation:

To find the answer you need to consider that the profit is equal to the sales minus the costs.

Let's consider that x is the number of units sold

Sales= Price per unit*number of units sold

Sales= 37x

Variable cost= Cost per unit*number of units sold

Variable cost= 11x

Fixed cost= 18,470

55,498=37x-11x-18,470

55,498+18,470=26x

73,968=26x

x=73,968/26= 2,845

According to this, the answer is that they need to sell 2,845 units to make the desired profit.

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Why do many economists believe that the best time to start a new business is toward the end of a recession?
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A recession is a time in an economy whereby trade and industrial activities is low.Economists believe that towards the end of this period is the best to start a business due to the following reasons: at this time things are more affordable as there is low circulation of money in the economy. Low-interest rates on loans thus credit is cheaper. Additionally, there will be less competition as the money is in the hands of few people during this time. Finally, many people want to save money and thus clients will be on the lookout for more affordable alternatives.

3 0
2 years ago
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Answer:

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3 years ago
MC Qu. 119 Alexis Co. reported the following information... Alexis Co. reported the following information for May: Part A Units
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Answer:

the contribution margin per unit for part A is  $1,479,000

Explanation:

The computation of the contribution margin for part A is shown below:

Contribution margin per unit is

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5 0
2 years ago
Able, Baker, and Carter have partnership capital account balances of $600000 each. Income and losses are shared equally. Carter
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Answer and Explanation:

The Journal entry is shown below:-

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                To Baker's Capital $150,000

(Being Carter’s withdrawal from the partnership is recorded)

For recording this we debited the carter capital as it shows the withdrawn amount and credited the able capital and baker capital so that the total withdrawn collected from these partners could come

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3 years ago
If the market equilibrium wage for entry-level fast-food workers is $10 an hour, while the minimum wage is $8, what impact does
WITCHER [35]
<span>market equilibrium wage for entry-level fast-food workers = $10 per hour
</span><span>minimum wage = $8 per hour
</span><span>impact does the minimum wage have in this industry = ?
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5 0
3 years ago
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