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iragen [17]
3 years ago
9

Newham Corporation produces and sells two products. In the most recent month, Product R10L had sales of $23,000 and variable exp

enses of $10,070. Product X96N had sales of $36,000 and variable expenses of $17,660. The fixed expenses of the entire company were $45,980. The break-even point for the entire company is closest to:
Business
1 answer:
Talja [164]3 years ago
3 0

Answer:

$865.75

Explanation:

The computation of break even point is given below:-

Total sales

= $23,000 + $36,000

= $59,000

Total variable cost

= $10,000 + $17,660

= $27,660

So, contribution margin = Total sales = Total variable cost

= $59,000 - $27,660

= $31,340

Profit volume ratio = (Contribution margin per unit) ÷ (Total sales) × 100

= $31,340 ÷ $59,000 × 100

= 53.11%

Since, the break even point = Fixed cost ÷ profit margin ratio

= $45,980 ÷ 53.11%

= $865.75

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An​ "excessive" budget deficit in this context is
rjkz [21]

Answer:

A) A relatively large budget deficit as a percentage of GDP beyond the European​ Union's deficit and debt rules.

Explanation:

A budget deficit is when the governments have more expenditures in a budgeted year than they have the revenues in form of taxes and other incomes. A deficit is excessive if it is large in comparison to the GDP.

In the European Union the budget deficit is considered excessive if it exceeds 3% of the running years GDP.

A public debt percentage to GDP of 60% or above is considered excessive as most of the GDP then is used for debt servicing and thus impacts negatively on the financial health of the country.

Hope that helps.

6 0
3 years ago
What is a major function of both retail and business banks?
IRISSAK [1]

Answer:

C.

Explanation:

Retail banking is a banking system that deals directly with retail consumers. Retail banking is responsible for providing financial aid to the general population. The major function of retail banking includes providing financial aid, checking and savings accounts.

Business banks, on the other hand, are also a part of the banking industry. It specifically deals with corporates and businesses, ranging from small-sized businesses to large-sized corporates. The major function of corporate banking or business banking is also to provide financial aid, checking and savings accounts.

Therefore, option C is the correct answer.

5 0
3 years ago
Label each of the following scenarios with the correct combination of price change and quantity change. In some scenarios, it ma
ZanzabumX [31]

Explanation:

Classifying of each situation with the correct combination of change in price and quantity:

a. On a hot day, both demand for lemonade and supply of lemonade increase - Pp? Q increase

b. On a cold day, both demand for ice cream and the supply of ice cream decrease -  Pp? Q decrease

c. When Hawaii's Mt. Kilauea erupts violently, the demand on the part of tourists for sightseeing flights increases but the supply of pilots willing to provide these dangerous flights decreases- P increase Qq?

d. In a hot area of Arizona where they generate a lot of their electricity with wind turbines, the demand for electricity falls on windy days as people switch off their air conditioners and enjoy the breeze. But at the same time, the amount of electricity supplied increases as the wind turbines spin faster - P decrease Qq?

5 0
3 years ago
A company has an investment project that would cost $10 million today and yield a payoff of $15 million in 4 years.
Maslowich
Is the question, what is the Annual Rate of Return?
P=A•e^rt
15=10•e^4r --> ln (e^4r) = ln (3/2)
4r = 0.4055
r = 0.1014
4 0
3 years ago
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una
ollegr [7]

Answer:

Bad debt expense A/c Dr  $4,900

           To Allowance for doubtful debts  $4,900

(Being bad debt expense is recorded)

Explanation:

The journal entry is shown below;

Bad debt expense A/c Dr  $4,900

           To Allowance for doubtful debts  $4,900

(Being bad debt expense is recorded)

The computation of the bad debt expense is shown below:

= Net Credit sales × estimated percentage given  - credit balance of allowance for doubtful debts

= $920,000 × 0.6%  - $620

= $5,520 - $620

= $4,900

6 0
3 years ago
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