Keener Incorporated had the following transactions occur involving current assets and current liabilities during February 2017.

Ivanhoe Corporation has fixed costs of $412,800. It has a unit selling price of $4, unit variable cost of $2.40, and a target ne

saul85 [17]

Answer:

Break-even point in units= 1,064,250

Explanation:

Giving the following information:

Fixed costs= $412,800

Unitary variable cost= $2.4

Selling price= $4

Desired income= $1,290,000

To calculate the sales in units required, we need to use the following formula:

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (412,800 + 1,290,000) / (4 - 2.4)

Break-even point in units= 1,064,250

3 0

3 years ago

Please give a complete answer to all questions, citing the legal principle to support your answer.

Alex Ar [27]

1. In the criminal justice system, John can temporarily put Jack in custody pending the arrival of the police. Jack was not detained for a period longer than five minutes and not for a civil wrong.

Thus, in this lawsuit for the tort of unlawful imprisonment, Jack will lose because he committed a crime. He cannot apply a civil law to a criminal case.

2. Adriana is correct that her personal assets cannot be reached in this lawsuit brought by the shareholders of DEF, Inc. because SLA Accountants, LLP is a limited liability partnership and not just an ordinary partnership.

A limited liability partnership, like a limited liability company, offers members limited liability. However, the shareholders of DEF, Inc. may decide to sue Adriana personally.

3. Andrew is wrong because the car handed over by Sam was not a completed inter-vivos gift. The transfer was not absolute but conditional upon Sam not returning from the Middle East.

As a conditional transfer of gift, the vesting of the ownership interest created by the transfer depends on the fulfillment of a condition.

Thus, since the transfer condition did not materialize, Andrew should return the car to Sam in good faith.

Learn more about inter vivos gifts and limited liability partnerships here brainly.com/question/14767795 and brainly.com/question/1166757

5 0

2 years ago

Eight years ago, ms. jones, a farmer, inherited a large parcel of land that had a fair market value of $150,000 at that time. sh

umka21 [38]

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7 0

3 years ago

PLS HELP!!!!! THANK U Sample Work: Writing an Informative Essay: Prewriting BATTLING ADVERSITY

mart [117]

Dude above me imported a good file answer his

8 0

3 years ago

Read 2 more answers

For each of the following scenarios, begin by assuming that all demand factors are set to their original values and Peacock is c

Elden [556K]

Solution and Explanation:

For every one of the accompanying situations, start by expecting that all interest factors are set to their unique qualities and Peacock is charging $300 per room every night.

1) If the normal family unit pays increments by 20%, from $50,000 to $60,000 every year, the amount of rooms requested at the Peacock ascends from 200 rooms every night to 250 rooms every night. Accordingly, the pay flexibility of interest is certain, implying that lodgings at the Peacock are ordinary products.

Explanation: Income elasticity of demand = 25% divide by 20% = 1.3

At the point when raise in salary prompts an expansion in the amount requested (or a fall in pay prompts a fall in the amount requested), the great is known as an ordinary decent.

2) In the event that the cost of an aircraft ticket from JFK to LAS was to increment by 10%, from $200 to $220 roundtrip, while all other interest factors stay at their underlying qualities, the amount of rooms requested at the Peacock tumbles from 200 rooms for every night to 150 rooms for each night. Since the cross-value versatility of interest is negative, lodgings at the Peacock and aircraft trips among JFK and LAS are supplements.

Explanation: Cross elasticity of demand = -25% divide by 10% = -2.5

Two merchandise ordered supplements when a raise the cost of one great abatement the amount requested of the other or when a fall in the cost of one great expands the amount requested of the other.

3) Peacock is discussing diminishing the cost of its rooms to $275 every night. Under the underlying interest conditions, you can see this would make its all-out income increment. Diminishing the cost will consistently have this impact on income when Peacock is working on the flexible part of its interest bend.

Explanation: Total revenue = $300 per room per night multiply with 200 rooms = $60,000 per night

By bringing down its cost to $275, Triple Sevens can occupy 225 rooms. In such situation, all-out income is $275 per room every night multiply 225 rooms = $61,875 every night

At the point when the request is versatile, the rate change in cost is littler than the rate change in an amount as the purchasers are exceptionally delicate to changes in cost.

8 0

3 years ago