The breakeven point is that when the total revenue is equal to the total cost of production. If we let x be the average selling price, the total revenue would be,
6000x
Given the conditions above, the total cost would be,
(6000)(6) + 24000
At breakeven,
TR = TC
Substituting,
6000x = (6000)(6) + 24000
The value of x from the equation is 10
Answer: $10
Answer:
Increase the price of mangoes in the US, and lower the quantity of mangoes sold in the US
Explanation:
Tarrifs are amounts that are levied on import of a product aimed at discouraging use of foreign goods and encourage purchase of locally produced goods.
Tariffs will force importers to offer the foreign product at higher price.
In this scenario when Indian mangoes are subjected to tarrif the prices will be high.
Consumers will patronise less of Indian mangoes and instead by more locally produced mangoes.
This will cause price of mango to rise because of relative scarcity of mangoes. It will cause reduction in the amount of mangoes in the United States because the will be a reduction of imported mangoes.
Answer:
The gross profit under percentage-of-completion method is $180000 for the year ended 31st December 2017 as shown in the attached.
Explanation:
The formula for calculating gross profit under percentage-of-completion method is given as
Gross profit =costs incurred to date/total contract costs*contract total gross profit
Costs incurred to date =$800000
Total costs =$2000000
Hence gross profit % is =800000/2000000
=40%
As a result 40% of the total gross profit of $450000 is due to be recognized now.
Find the attached for detailed computations.
This answer should be true
Answer:
Explanation:
¿Cuáles fueron las principales causas de la Revolución Americana? La Revolución Americana fue causada principalmente por la oposición colonial a los intentos británicos de imponer un mayor control sobre las colonias y hacerles pagar a la corona por defenderlas durante la Guerra de Francia e India (1754-1763).