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expeople1 [14]
3 years ago
14

JVL Enterprises has set a target profit of $126,000. The company sells a single product for $50 per unit. Variable costs are $15

per unit and fixed costs total $98,000. How many units does JVL have to sell to BREAK-EVEN?
Business
1 answer:
kirza4 [7]3 years ago
6 0

Answer:

The break even unit is 2800 units.

Explanation:

The target profit of JVL Enterprises = $126000

The selling price of a single unit (SP) = $50 per unit.

Variable cost (VC) = $15

Fixed cost of the production (FC) = $98000

Now find the break-even unit by dividing the fixed cost with the difference of selling price and variable cost.

The break even unit = FC / (SP-VC)

= 98000 / (50 – 15)

= 2800 units

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Presented below are long-term liability items for Lind Company at December 31, 2019.Bonds payable, due 2017 ………….. $600,000Notes
Nikitich [7]

Answer and Explanation:

Long-term Liabilities  

Bonds Payable                       $600,000  

Less:  

Discount on bonds payable        $45,000          $555,000

Notes payable                                           $80,000

Total Long-term Liabilities                           $635,000

8 0
3 years ago
Samples Corporation would like to use target costing for a new product it is considering introducing. At a selling price of $21
Anvisha [2.4K]

Answer:

$18.60

Explanation:

Target cost:

= Sales revenue - Profit

= (No. of units sold × Selling price per unit) - (Investment require × desired return on investment)

= (20,000 × $21) - ($400,000 × 0.12)

= $420,000 - $48,000

= $372,000

Target cost per unit:

= Target cost ÷ Number of units

= $372,000 ÷ 20,000

= $18.60

Therefore, the target cost per unit is closest to $18.60.

5 0
3 years ago
Able, on behalf of Pix Corp., entered into a contract with Sky Corp., by which Sky agreed to sell computer equipment to Pix. Abl
Ludmilka [50]

Answer:

D) Pix must have knowledge of all material facts relating

Explanation:

If the contract is beneficial for Pix, then they will want to ratify it. Unless Sky is aware that Able was not authorized to sign contracts on behalf of Pix, they probably wouldn't even tell them about what really happened. Although, Pix will want to know all material facts relating to the contract at the time it is ratified in order to verify if it is really good for them.

7 0
3 years ago
Business sofware programs make it possible to
Leto [7]

Answer:

increase productivity in office setting

4 0
3 years ago
Cruiseline offers nightly dinner cruises off the coast of​ Miami, San​ Francisco, and Seattle. Dinner cruise tickets sell for $
sertanlavr [38]

Answer:

a. Contribution margin per passenger ($50-$20) = $30

b. Contribution margin ratio (30/50) = 60%

c. Operating Income  (390000-270000) = $120,000

d. Operating Profit = $42,000

Explanation:

a. Contribution formula = Sale - Variable Cost

Sale price per passenger = $50

Variable Cost per passenger = $20

Contribution margin per passenger ($50-$20)  = $30

b. Contribution Margin ratio formula = Contribution/Sale

Sales per passenger = 50

Contribution per passenger = 30

Contribution margin ratio (30/50) = 60%

c. Operating profit = Contribution margin- Fixed Cost

Monthly sale total for 13000 passenger

Sale per passenger = $50

Total sale for 13000 passenger 13000*50 = $650,000

Contribution Margin per passenger =$30

Total Contribution margin for 13000 passenger = 13000*30 =                                    $390,000

Less: Fixed Cost = 270,000

Operating Income  (390000-270000) = $120,000

d. Contribution margin formula= (Sale x Contribution margin ratio)

Contribution margin = (520000*60%) = $312,000

Less: Fixed Cost = 270,000

Operating Profit = $42,000

3 0
3 years ago
Read 2 more answers
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