Answer: A. $365,896
Explanation:
The Contribution margin per unit is the Sales less the variable costs.
At the breakeven point, contribution margin should equal fixed assets.
Contribution margin
= 13.10 * 18,311
= $239,874.10
Contribution Margin - Fixed Assets
= 239,874.10 - 148,400
= $91,474.10
As there should be no profits, the $91,474.10 will be a cost as well which in this case is the depreciation per year.
As the fixed assets are depreciated over 4 years, the accumulated depreciation will be the costs;
= 91,474.10 * 4
= $365,896.40
=$365,896
Monopoly would be the right answer
Answer:
$69020
Explanation:
Selling price -$54
Incremental selling price =54*(1-0.16)=45.36
Incremental sales - 45.36*7000= 317520
Contribution -
Direct materials = 24*7000 = (168000)
Direct labor = 6*7000 = (42000)
Variable manufacturing = (21000) (3*7000)
Variable selling price = (3500) 2*(1-0.75)
Total contribution = 83020
Additional cost of machine (14,000)
Incremental profit 69,020
The income statement net income is $2,540.
<h3>Income statement</h3>
Income statement for Woburn Landscaping Co. for the year ended December 31, 2020
Revenue:
Landscaping Revenue $13,100
Plant Sales $3,900
Total revenue $17,000
Expenses:
Salaries Expense $5,050
Hydro Expense $1,150
Repair Expense $980
Rent Expense $4,200
Internet Expense $1,020
Advertising Expense $1,770
Supplies Expense $250
General Expense $40
Total expenses $14,460
Net income $2,540
($17,000-$14,460)
Therefore the income statement net income is $2,540.
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Answer:
b. 2.6
Explanation:
Price elasticity of demand measures how much quantity demanded changes in response to a change in price. The Midpoint Method uses the average percent change in both quantity and price.
The formula for calculating midpoint elasticity of demand is a below
PED=(Q2−Q1)÷(Q2+Q1)/2
(P2−P1)÷(P2+P1)/2
Where Q is quantity and P is price
PED=(15000−10000)÷(15000.+10000)/2
(60−70)÷(60+70)2
PED =5,000÷12,500
(10)÷65
PED =0.4
0.154
PED =2.5974
PED =2.6