Answer:
6,000 units
Explanation:
We know that
Break even point in units = (Fixed expenses ) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
The selling price would be
= $500 - $500 × 4%
= $500 - $20
= $480
And, the Variable expense per unit is $350
So, the contribution margin per unit would be
= $480 - $350
= $130
So, the break even point in unit should be
= $780,000 ÷ $130 per units
= 6,000 units
Answer:
The answer is: $90,000
Explanation:
We must first determine the cost of goods sold:
- COGS = variable costs = 70% x 1,000,000
I will assume all fixed costs are operating expenses.
Then we elaborate a simple income statement:
Sales $1,000,000
<u>COGS ($700,000) </u>
Gross profit $300,000
<u>Operating expenses ($210,000) </u>
Operating profit $90,000
<span>As far as I remember, value-added network or VAN is t</span>hird-party business that provides networking services such as EDI services, storage, or email. VAN is needed to simplify the communications process between company and its partners or clients by reducing the number of contacts that company doesn't need to communicate.
Answer:
A.you have plenty of cash flow and are looking to grow with new equipment.
Explanation:
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Answer:
Retail banks operate in order to earn profit, while credit unions are nonprofit
Explanation:
What is a major difference between retail banks and credit unions?
Retail banks only serve businesses, while credit unions only serve individuals.
- This answer is false, both retail banks and credit unions serve businesses and individuals.
Retail banks operate in order to earn profit, while credit unions are nonprofit.
- This answer is true, retail banks earn profits while credit unions are non-profits.
Retail banks only have small local branches, while credit unions are nationwide.
- This answer is false. Generally speaking, retail banks have a much larger geographic footprint than credit unions. Many retail banks are found across the entire country (and sometimes world!) but most credit unions are focused on serving their local community.
Retail banks manage a person's money, while credit unions focus on providing loans.
- This answer is false. Both retail banks and credit unions offer money/investment management services in addition loans. The financial products offered by retail banks and credit unions depend on the market served and business conditions.