1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lisov135 [29]
3 years ago
8

A restaurant is considering adding fresh brook trout to itsmenu. Customers would have the choice of catching theirown trout from

a simulated mountain stream or simply ask-ing the waiter to net the trout for them. Operating thestream would require $11,925 in fixed costs per year.Variable costs are estimated to be $6.80 per trout. The firmwants to break even if 900 trout dinners are sold per year.
What should be the price of the new item?
Business
1 answer:
NikAS [45]3 years ago
7 0

Answer:

Selling price = $20.05

Explanation:

<em>The break even point </em><em>is the level of activity where the total cost of is exactly equal to the total revenue. At this point, the business makes no profit and no loss, because the total contribution is also equal to the total fixed costs.</em>

Contribution is the excess of sales revenue over variable cost

Total contribution = (S.p - VC per unit) × unit sold

So we can determine the selling price per unit by equating the total contribution to the the total fixed cost as follows:

Step 1

<em>Determine the total contribution</em>

= ( S.P - 6.80) × 900

Step 2

<em>Equate the total contribution to the total fixed cost and solve for S.P</em>

(S.P - 6.80) × 900 = 11,925.    Lets substitute S.P with x

(X-6.80) ×  900 = 11,925

900X -6,120 = 11,925

900X =  11,925 + 6,120

900X = 18045

X = 18,045/900

X = $20.05

Selling price = $20.05

You might be interested in
Bryan Corporation decided to purchase a plant site. Bill Shephard, a newly elected director, has owned a desirable site for many
tatiyna

Available options are:

A. The sale would be proper only upon requisite approval by the appropriate number of directors and at no more than Shephard's cost, thus precluding his profiting from the sale to the corporation.

B. The sale would be void under the self-dealing rule.

C. The sale would be proper and Shephard would not have to account to the corporation for his profit if the sale was approved by a disinterested majority of the directors.

D. The sale would not be proper, if sold for the present fair value of the property, without the approval of all of the directors in these circumstances.

Answer:

C. The sale would be proper and Shephard would not have to account to the corporation for his profit if the sale was approved by a disinterested majority of the directors.

Explanation:

The reason is that the transaction is arms length transaction and in this transaction the payer pays the amount that he must pay for an equivalent item which we call an fair value payment. The receiver here is a director though but he is receiving an legitimate price and this price is fair value of the property so he is not required to mention his profit share because the company is paying him fair value of the property.

4 0
3 years ago
Read 2 more answers
A publisher of photography books finds that it is cost-effective to print 10,000 or more at a time. But abookstore orders only a
Gre4nikov [31]

Answer:

B) why both discrepancies of quantity and assortment occur

Explanation:

The assortment and quantity of products that the publisher's customers want sometimes may be very different than the assortment and quantity that the companies would be willing to produce in order to lower its costs and increase its profits.

For example, the publisher would save money if it could print 10,000 books, but its clients only buy a few books at a time.

6 0
4 years ago
The eight types of waste include all of the following except:
hoa [83]

The eight types of waste in lean manufacturing include all of the following except verifying and checking.

<h3>How to illustrate the information?</h3>

Lean manufacturing is a production method that is aimed at reducing response times within the production system from the suppliers and to customers.

It should be noted that the types of waste include :

  • Transport.
  • Inventory.
  • Motion.
  • Waiting.
  • Overproduction.
  • Overprocessing.
  • Defects.
  • Unutilized talent.

Therefore, verifying and checking isn't an option.

<u>Complete question:</u>

The eight types of waste in lean manufacturing include all of the following except:

Transport and Inventory.

Motion and Waiting.

Overproduction and Overprocessing.

Defects and Unutilized talent.

Verifying and Checking.

Learn more about the manufacturing on:

brainly.com/question/26320301

#SPJ1

7 0
2 years ago
When the supply and demand curves intersect
Vikki [24]

Answer:

quantity supplied equals quantity demanded at the equilibrium price

4 0
3 years ago
How to get a teacher to let you have your camera off
mr_godi [17]

Answer:

Tell her/him that your camera stopped working or that you have to move somewhere and you don't want her to see your house

hope this helps

have a good day :)

Explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • Herzberg concluded from his studies that managers should focus on ____ factors to produce long-term dedication from their employ
    8·1 answer
  • If merchandise inventory is being valued at cost and the purchase price is steadily falling, which method of costing will yield
    10·1 answer
  • In each of the following situations, identify whether the setting is primarily financial accounting or management accounting.
    9·1 answer
  • Jasper makes an agreement to play live music at rusty's tavern every thursday night. this thursday he had the flu and did not go
    8·1 answer
  • A company normally sells its product for $20 per unit. However, the selling price has fallen to $15 per unit. This company's cur
    10·2 answers
  • Which of the following is true of Peter Senge’s contributions to management thought and practices? A. He has made several signif
    10·1 answer
  • A hospital data entry professional is part of what career area?
    12·2 answers
  • God I I hate my life. AndrewSmith15 are you there plz answer
    10·1 answer
  • A company’s value is also known as their what?
    13·1 answer
  • Which of the following can be used to pierce the corporate veil? Group of answer choices adequate capitalization alter ego theor
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!