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N76 [4]
3 years ago
5

Harmony Company sells hand-knit scarves. Each scarf sells for $40. The company pays $60 to rent vending space for one day. The v

ariable costs are $15 per scarf. How many scarves should the company sell each day in order to break even? (Round to nearest whole scarf)
a) 2 scarves
b) 3 scarves
c) 20 scarves
d) 4 scarves
Business
1 answer:
Nataly_w [17]3 years ago
8 0

Answer:

B) 3 scarves

Explanation:

total fixed costs per day = $60 (rent)

selling price per scarf = $40

variable cost per scarf = $15

contribution margin = selling price per unit - variable cost per unit = $40 - $15 = $25

break even formula in units = total fixed costs / contribution margin = $60 / $25 = 2.4 units, since you can only sell complete units, the break even amount is 3 scarves.

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Brilliant_brown [7]

Answer:

“I was able to learn from this experience. I now know what not to do in my next job.”

Explanation:

“I was able to learn from this experience. I now know what not to do in my next job.”

8 0
2 years ago
Jasper Furnishings has $225 million in sales. The company expects that its sales will increase 10% this year. Jasper's CFO uses
lions [1.4K]

Answer:

$75,637.5

Explanation:

Sales = $225 million

Growth in sales = 10%

Inventory = $15 + 0.245(Sales)

(sales) S1 = $225,000,000 × 1.10

   = $247,500,000

Inventory = $15 + 0.245 ($247.5)

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Since this relationship is expressed in thousands of dollars,

Inventory = $75.6375 x $1000

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7 0
3 years ago
The fictional country of Alpetra increases the income tax rate so that tax revenues increase by $50 million. If GDP, consumption
bezimeni [28]

Answer:

There is no change in investment for Apletra.

Explanation:

Because GDP, consumption, and government spending remains the same there would also be no chane in investment for Alpletra.

5 0
3 years ago
Your friend is going to purchase a car and will finance it. she is borrowing $20,000 at a monthly rate of 0.50 nd will pay it of
stiv31 [10]

The monthly payment is $386.67.

<h3>What is the monthly interest rate?</h3>
  • A monthly interest rate is simply the amount of interest charged in one month.
  • This does not include any other fees associated with the loan, and it does not indicate how expensive a loan is.
  • APR, on the other hand, is the annual percentage rate charged on a loan for a year.

So,

  • PV = 20,000, I/y = 0.50, n = 12 × 5, FV = 0
  • CPT PMT which equals $386.67

Therefore, the monthly payment is $386.67.

Know more about monthly interest rates here:

brainly.com/question/2151013

#SPJ4

6 0
1 year ago
Why do you think that we should study crime and criminals? What information might we gain by doing so?
Paraphin [41]

We may understand criminal behavior and thus be able to prevent crime.

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3 years ago
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