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
ValentinkaMS [17]
3 years ago
11

Gina Fox has started her own company, Foxy Shirts, which manufactures imprinted shirts for special oc- casions. Since she has ju

st begun this operation, she rents the equipment from a local printing shop when necessary. The cost of using the equipment is $350. The materials used in one shirt cost $8, and Gina can sell these for $15 each. (a) If Gina sells 20 shirts, what will her total rev- enue be? What will her total variable cost be? (b) How many shirts must Gina sell to break even? What is the total revenue for this?
Business
1 answer:
Rudiy273 years ago
7 0

Answer:

a. $300 and $60

b. 50 shirts and $750

Explanation:

The computation is shown below:

a. The total revenue would be  

= Number of shirts sold × selling price per shirts

= 20 shirts × $15

= $300    

The variable cost would be

= Number of shirts sold × materials used in one shirt

= 20 shirts × $8

= $160

b. The net profit is

= Selling price per shirts - materials used in one shirt

= $15 - $8

= $7

And, the cost of using the equipment is $350

So, the break-even sales is

= $350 ÷ $7

= 50 shirts

And, the revenue is

= 50 shirts × $15

= $750

You might be interested in
Assume that Parker Co. will receive SF200,000 in 360 days. Assume the following interest rates: U.S. Switzerland 360-day borrowi
frez [133]

Answer:

d. $96,914

Explanation:

Parker Co. can execute money market hedge in following steps:

(1) Parker Co. pledges Receivable of SF200,000 to borrow SF190,476 with rate 5% in Switzerland; SF190,476 = SF200,000/ (1+5%)

so it has to pay interest expense of SF9,524 in 360 days. The receivable of SF200,000 is enough for both principal and interest in 360 days.

(2) Then it sells SF190,476 at spot rate $0.48 to get $91,428

(3) Then it deposits $91,428 in US with rate 6% to get back $96,914 in 360 days ; $96,914 = $91,428 * (1+6%)

3 0
4 years ago
At a price of $10, the marginal revenue of a monopolist is $6. if the marginal cost of production is $8, what should the monopol
Eduardwww [97]

At a price of $10, the marginal revenue of a monopolist is $6. if the marginal cost of production is $8, the monopolist should keep the price at  same level  in order to maximize profits.

For increasing the profits the monopolist should increase the marginal revenue to $8 so that the mr =mc.

Every firm follows the rule of profit maximization. In this rule marginal cost is equal to the marginal revenue and the MR intersects the MC curve the profit will be the maximum at this level.

The marginal cost of production and marginal revenue are the economic measures which are used to determine the amount of output and the price per unit of a product that will maximize profits.

To know more about marginal revenue here:

brainly.com/question/13383966

#SPJ4

6 0
2 years ago
Selected current year company information follows:
koban [17]

Answer:

b. 2.81 times

Explanation:

Calculation to determine Total stockholders' equity, end-of-year 121,851

Total asset turnover is:

First step is to calculate the Total assets

Beginning Ending

Total liabilities $83,932 $103,201

Total equity 198,935 121,851

Total assets $282,867 $225,052

Now let determine the Total asset turnover

Total asset turnover = $712,855/[($282,867 + $225,052)/2]

Total asset turnover= 2.81 Times

Therefore Total stockholders' equity, end-of-year 121,851

Total asset turnover is:2.81 Times

6 0
3 years ago
2. Which of the following is an example of the globalization of production? a. Pepsico sells the same brand of pringles in multi
Katen [24]

Answer: Ford manufactures a car in Michigan, but uses parts sourced from 27 countries

Explanation:

Globalization is the process by which businesses or organizations develop international influence or a situation whereby they start operating on international scale.

Globalization of production has to do with the producers of final finished goods relocating and moving to other parts of the world in order to source for the necessary raw materials or equipments needed to complete a product and assemble all of them at their facility.

Based on this definition, Ford manufactures a car in Michigan, but uses parts sourced from 27 countries is the right answer.

8 0
3 years ago
Read 2 more answers
The Edward City Council approved and adopted the budget for its general fund for the fiscal year beginning on January 1, Year 2.
Gala2k [10]

Answer:

A.No entry is required

B.No entry is required

C.No entry is required

D.No entry is required

Explanation:

The Edward City Council

1. Record the journal entries for November 1, Year 1, if any.

No Entry Required

2. Record the journal entries for November 30, Year 1, if any.

No Entry Required

3. Record the journal entries for December 1, Year 1, if any.

No Entry Required

4. Record the journal entries for January 1, Year 2, if any.

No Entry Required

4 0
3 years ago
Other questions:
  • Sapporo K.K. was sued by a competitor in late 2017, and company management concluded that there was a 55 percent probability tha
    14·1 answer
  • 1. Frank’s electric bill has a cycle day of the 3rd and a due date 8 days later with a one day grace period. What happens if Fra
    5·2 answers
  • A work that is created in small scale can communicate __________ .
    12·1 answer
  • As part of the overall systems engineering process, there are three software engineering/development approaches. When using the
    14·1 answer
  • Ella makes minimum wage. Her job title is "System Assembly Supervisor." She primarily spends her workday putting together electr
    9·1 answer
  • If the government sets out to make home buying easier for more people by forcing lenders to accept ____________ down payments an
    10·1 answer
  • Barriers to International Trade Countries often use various government regulations to manipulate the amount of goods and service
    6·1 answer
  • Should protesting be allowed at Biden’s inauguration?
    14·1 answer
  • Frank has an auto policy with a coverage limit of $30,000 and a deductible of $1,000. He gets into an accident and the damages t
    15·1 answer
  • The price elasticity of demand (based on the midpoint formula) when price increases from $10 to $12 is:______
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!