All categories

3 years ago

EA11.

Business

1 answer:

stich3 [128]3 years ago

6 0

Answer:

The question is incomplete. The complete question is given as follows:

Selling Price per unit Variable cost per unit

Product $ $

Snowboards 320.00 170.00

Skis 400.00 225.00

Poles 50.00 20.00

Answer: Snowboard-840 units, Ski- 360 units and Poles-240 units

Explanation:

The break-even point is the activity level where the total cost of a business is the same as its total revenue. At this point, the business makes neither profit nor loss. This analysis helps a firm to know how many clients to be served or units to be produced in order to cover its fixed costs.

A break-even point can be calculated using the following relationships below:

A single-product scenario

Break-even point (in units) = Total general fixed costs/(selling price -Variable cost)

Multiple-products scenario

Break-even point (in units) = Total general fixed costs/ average contribution per unit.

Total general fixed costs are period costs which remain the same within a given activity level, and cannot be said to be incurred for a specific product.

We will use use the second formula, because there are multiple product

Snow Ski Poles

$ $ $

Selling price 320 400 50

Variable cost (170) (225) (20)

Contribution(SP-VC) 150 175 30

Cont. from a mix(cont × unit) 1050 525 60

Average contribution = (1050+525+60)/(7+3+2)

= $136.25

Break-even point (in units) = $196200/$136.25

= 1,440 units.

Salvador will need to sell a total of 1,440 units in following mix to break-even:

Snowboards= (7/12) *× 1,440= 840 units

Skis= (3/12) × 1,440= 360 units

Poles = (2/12) ×1.440= 240 units

You might be interested in

The management accountant's responsibility under the Institute of Management Accountants (IMA) Statement of Ethical Professional

elixir [45]

Answer:

B) Integrity.

Explanation:

The Institute of Management Accountants is body, they are regarded as association for financial professionals and they were recognized globally.

The Four standards that is Been set up as ethical conduct in management accountants in IMA are;

✓competence

✓ confidentiality

✓integrity

✓credibility

Integrity which is one of the standards is essential, it involves the accountant been honest and be forthright when handling financial information of clients.

8 0

3 years ago

Megan used a reconciliation worksheet provided by her bank. Line 5 should equal line 6 at the end of the reconciliation, but it

S_A_V [24]

Answer:

13720

Explanation:

The difference between lines 5 and line 6 is 13720 (49980 - 36260)

Which means that after reconciliation in the accounting balance 13720 are missing.

Then we must find the item that adds 13720.

This may occur due to omission or bad registration of outstanding deposits or credits (which means a higher balance) or the amount in the accounts of outstanding checks or debits may have been doubled or bad recorded (since these accounts subtract in the reconciliation)

3 0

4 years ago

Read 2 more answers

You have just taken out a $ 23 comma 000 car loan with a 4 % APR, compounded monthly. The loan is for five years. When you make

True [87]

Answer:

Interest = $75.90

Principal = $347.64

Explanation:

First find the payment that is required per month. It will be an Annuity payment as the present value of the loan is given.

The loan is for 5 years compounded monthly so period is;

= 5 years * 12 months

= 60

Interest = 4/12

Present Value of Annuity= Payment * (1 - (1 + r) ^ -n)/r

23,000 = Payment * (1 - ( 1 + 4/12%) ^ -⁶⁰)/ 4/12%

23,000 = Payment * 54.304

Payment = 23,000/54.304

= $423.54

Interest Payment is;

= 4/12% * 23,000

= $75.90

Amount going towards Principal;

= 423.54 - 75.90

= $347.64

6 0

3 years ago

Sean was recently added to the marketing team at Axon International. He will be starting at the company in two weeks. Sean has h

Sergio [31]

Answer:

Lone wolf.

Explanation:

A lone wolf is someone that works and exists independently rather than with others as a member of a team. Is typically introverted, self-motivated, and is extremely focused on completing her/his own tasks.They have a strong preference for independence and doing most things on their own. Loners or “hermits” have a reputation of being biased. As a rule, they are not entrusted with large, profitable projects. At least not often.

By contrast, the latter case is a team player who needs the interaction of others to assist their own personal performance.

6 0

3 years ago

Bank capital has both benefits and costs for the bank owners. Higher bank capital ________ the likelihood of bankruptcy, but hig

natima [27]

Answer:

The full sentence is the following: Bank capital has both benefits and costs for the bank owners. Higher bank capital reduces the likelihood of bankruptcy, but higher bank capital reduces the return on equity for a given return on assets

6 0

4 years ago