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dusya [7]
3 years ago
12

Corny and Sweet grows and sells sweet corn at its roadside produce stand. The selling price per dozen is​ $4.00, variable costs

are​ $2.00 per​ dozen, and total fixed costs are​ $1,200.00. What are breakeven sales in​ dollars?
Business
1 answer:
monitta3 years ago
4 0

Answer: the breakeven sales is $2,400.

Explanation:

Let the number of dozens of sweet sold = P

Other variables given include:

Total Fixed cost =$1, 200

Variable cost given =$2.00 of P

=$2P

Revenue(amount from sales) =

=$4. 00 of P

=$4P

Nt: Cost = fixed cost + variable cost

C = 1200 + 2P

Nt: breakeven occurs when Revenue equals Cost; R=C

Thus: 4P = 1200+2P

4P-2P=1200

2P = 1200. (divide sides by 2)

P= 600

To check for the break even sales =

4P = 1200 + 2P

Since P = 600

Thus: 4P = 4 × 600 = $2400

&

1200 + 2P = $1200 + $2(600)

= (1200+1200)$

= $2400

Thus, the break even price is $2,400.

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Answer:

c. debit to Interest Expense of $1,000.

Explanation:

The adjusting entry is as follows:

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3 0
3 years ago
What must be the price of a $10000 bond with a 6.8% coupon rate, semiannual coupons, and eight years to maturity if it has a yie
Neko [114]

Answer:

Coupon (R) = 6.8% x 10,000 = $680

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Number of times coupon is paid in a year (m) = 2

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                      r/m

Po = 680/2(1-(1+0.08/2)-8x2) + 10,000/(1 + 0.08/2 )8x2

                          0.08/2                              

Po = 340(1 - (1 + 0.04)-16)    + 10,000/(1 + 0.04)16

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Po = 340(1-0.5339) + 10,000/1.8730

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Explanation:

The current market price of a bond is a function of the present value of semi-annual coupon and present value of the face value. The present value of semi-annual coupon is obtained by multiplying the coupon by the present value of annuity factor at 8% for 8 years. The present value of face value is obtained by discounting the face value at the discount factor for 8 years. The addition of the two gives the present value of the bond. All these explanations have been captured by the formula.

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Investing in infrastructure:

Infrastructure, such as highways or bridges, is tangible capital available to all. Governments are increasing their capital stock in the country by investing in infrastructure.

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Promoting a higher rate of labor participation, for example labor participation tax incentives, will lead to even more economic growth.

Policies promoting accumulation of capital and technological advancement:

Savings-enhancing strategies that lead to higher growth and thus capital investments. Strategies that encourage technological innovation, such as research and development tax credits, often lead to increased economic growth.

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