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maxonik [38]
3 years ago
10

In 2016, Carow sold 3,000 units, at $500 each. Variable expenses were $250 per unit, and fixed expenses were $500,000. The same

selling price is expected for 2017. Carow is tentatively planning to invest in equipment, that would increase fixed costs by 20%, while decreasing variable costs per unit by 20%. What is Carow's break-even point, in units, for 2017?a. 2,400b. 2,500c. 3,000d. 2,000
Business
1 answer:
photoshop1234 [79]3 years ago
5 0

Answer:

The correct answer is D.

Explanation:

Giving the following information:

In 2016, Carow sold 3,000 units, at $500 each. Variable expenses were $250 per unit, and fixed expenses were $500,000.

The same selling price is expected for 2017. Carow is tentatively planning to invest in equipment, that would increase fixed costs by 20% while decreasing variable costs per unit by 20%.

First, we need to calculate the ner fixed and variable costs:

Fixed costs= 500,000*1.20= $600,000

Variable costs= 250*0.8= $200

Now, we can calculate the break-even point:

Break-even point= fixed costs/ contribution margin

Break-even point= 600,000 / (500 - 200)= 2,000 units

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Answer:

The correct answer to the following answer will be Rebating.

Explanation:

Rebating: It is a manner to get potential insurance customers to purchase the insurance product by returning their money to the broker or agent. The insurance company can even offer premium or even donation discounts. Insurance regulators do not find this to be a good exercise since unfair competition can grow and insurance insolvency can occur.

Therefore, Rebating is the correct answer.

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2 years ago
You describe your interview subject’s perspective on the value of education, and you compare those ideas to the views of other p
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Procter & Gamble is a multinational corporation that manufactures and markets many household products. Last year, sales for
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Procter & Gamble is a multinational corporation that manufactures and markets many household products  is our goal is to use every opportunity we have no matter how small to set change in motion. To be a force for good and a force for growth. Compute Procter & Gamble's receivable turnover ratio and its inventory turnover ratio.

         

Ans.1a Account receivables turnover ratio  =  Net credit sales / Average trade receivables  

   74756 / 6447      

   11.60 times      

         

 *Net credit sales  =  Total sales * 90%      

 83062 * 90%        

 74756        

         

 *Average receivables  =  (Beginning receivables + Ending receivables / 2    

   (6508 + 6386) / 2      

   6447      

         

Ans.1b Inventory turnover ratio   =    Cost of goods sold / Average inventory    

   42362 / 6834      

   6.20 times      

         

 Cost of goods sold  =  Total sales - Gross profit      

   83062 - (83062 * 49%)    

   42362      

         

 *Average inventory  =  (Beginning inventory + Ending inventory) / 2    

   (6909 + 6759) / 2      

   6834      

         

Ans.2a Days' sales in accounts receivables  =  No. of days in year / Receivables turnover ratio  

     365 / 11.60    

     31.47 days    

         

Ans.2b Days' sales in inventory  =  No. of days in year / Inventory turnover ratio    

   365 / 6.20      

   58.87 days

Learn more about  turnover ratio here

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1 year ago
If you are stopped by a police officer for driving without having all passengers under the age of 18 properly restraint, you can
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When children are involved, seatbelt tickets may mean points.

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In a wholly owned or closely held corporation, there really is little distinction between the functions of a board of directors
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It is true that there is little distinction between the functions of a board of directors and those of a board of advisers in a wholly owned or closely held corporation.

<h3>What is a board of directors and board of advisors? </h3>

A board of directors refers to the elected group of individuals that represent shareholders while the board of advisors refers to the group of individuals who are appointed to provide counsel businesses.

In conclusion, it is true that there is little distinction between the functions of a board of directors and those of a board of advisers in a wholly owned or closely held corporation.

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