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natali 33 [55]
3 years ago
14

Gourmet Pets is interested in computing the break-even point for its new product Prime Cuts. The fixed costs of adding this prod

uct to the product line amounts to $20,000. Variable costs to produce one package of Prime Cuts are $2. Prime Cuts will sell for $6 per package. The break-even point would be:
Business
2 answers:
ELEN [110]3 years ago
7 0

Answer:

Break-even point=5,000 units

Explanation:

Giving the following information:

The fixed costs of adding this product to the product line amounts to $20,000. Variable costs to produce one package of Prime Cuts are $2. Prime Cuts will sell for $6 per package.

To calculate the break-even point, we need to use the following formula:

Break-even point= fixed costs/ contribution margin

Break-even point= 20,000/ (6 - 2)

Break-even point=5,000 units

Greeley [361]3 years ago
5 0

Answer:

The breakeven point is 5000 units

Explanation:

The breakeven point in units can be calculated by using the following formula:

Breakeven Sales In Dollars = Fixed Cost / Contribution per unit

The fixed cost here is $20,000 and the contribution per unit is $4 ($6-$2).

So by putting the values, we have:

Breakeven Sales In Dollars = $20,000 / $4 per unit = 5000 Units

So the sales required to breakeven at a contribution per unit of $4 is 5000 units.

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Wildhorse Co. entered into these transactions during May 2017, its first month of operations.
Alina [70]

Answer:

attached answer

Explanation:

equity represnet investment from owners and the accumulation of the result from the company operations.

1) equity increase the company receive an investment from owner

3-6-8) equity decrease as an expense is incurred which is a negative operation it has a negative impact on the earnings of the firm

4-5-9) the company's equity increase as income is generated from the main activity.

2-7)there is no involment of equity as the company acquired an asset and takes a liability while then, at payment an asset(cash) decrease an a liability( A/P) also decrease

We must remember that we work with accrual accounting thus, the day of collection or payment are not what determinates ncome and expenses.

3 0
3 years ago
Refer to Exhibit 5-5. If the airline charges price P1 for both aisle seats and middle seats, the result will be Group of answer
OverLord2011 [107]

Answer:

a surplus of middle seats and the equilibrium quantity of aisle seats.

Explanation:

Aisle seats are already preferred by people. So, increasing rate of middle seats will make people more attracted towards aisle seats. So, a surplus of middle seats and the equilibrium quantity of aisle seats.

7 0
3 years ago
A woman earned wages of ​$32 comma 000​, received ​$2600 in interest from a savings​ account, and contributed ​$3500 to a​ tax-d
PilotLPTM [1.2K]

Answer:

1. Gross income = $34,600

2. Adjusted gross income = $31,100

3. Taxable income = $19,960

Explanation:

Given data;

Earned wages = $32,000

Interest received = $2600

Tax contribution = $3500

Personal exemption = $4050

Deductions = $7090

1. Gross income; All earnings before any tax payment or deductions

Gross income = $32,000 + $2600

                       =$34,600

2. Adjusted gross income:

The adjusted amount from the question is $3500,

Therefore,

Adjusted gross income = Gross income - adjusted amount

                                       = $34,600 - $3500

                                       = $31,100

3. Taxable income: It's calculated using the formula;

Taxable income = adjusted gross income - exemption + deductions

Substituting, we have;

Taxable income = $31,100 - ($4050+ $7090)

                           = $31,100 - $11,140

                          =$19,960

4 0
3 years ago
A factor that accounts for the increased workforce diversity in organizations is: a. legal actions that have forced organization
rewona [7]

Answer:

The correct answer is d) changing demographics in the labor force.

Explanation:

Demographic changes in the workforce are essential in companies since labor diversity helps to increase work experiences. Through diversity, you can find a variety of ideas and criteria, this due to the difference in cultures that will enrich the scope of the company.

Migration is one of the biggest reasons why companies can see a diverse workforce, so companies must take measures to promote tolerance and harmony in the work area since not everyone feels comfortable with differences.

<em>I hope this information can help you.</em>

4 0
3 years ago
Predictions using the supply-and- demand model for used cars are likely not reliable because consumers know less than suppliers
KonstantinChe [14]

Answer:

The answer is: Not reliable because consumers know less than suppliers about used car quality.

Explanation:

Predictions using the supply and demand (S&D) model are reliable when:

  • companies sell identical products,
  • everyone involved (suppliers and consumers) has full knowledge
  • about the price and quality of the products or services being offered,
  • both the suppliers and consumers are price takers (have no control to dictate prices), and
  • the costs of trading are low

If one or more of these conditions are not met, then the S&D model wouldn´t work properly. In this specific case, the suppliers had much information about the quality of the used cars than their customers.

4 0
3 years ago
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