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photoshop1234 [79]
3 years ago
7

Blossom Machine Works produces soft serve ice cream freezers. The freezers sell for $17,000, and variable costs total $12,800 pe

r unit. Blossom incurs $13,490,000 in fixed costs during the year. The company’s tax rate is 30%. How many freezers must Blossom sell to generate net income of $7,528,000?
Business
1 answer:
sdas [7]3 years ago
8 0

Answer:

5005 freezers

Explanation:

Sales 17,000

Variable Cost per unit 12,800

Contribution per unit 4,200

Fixed Cost 1,3490,000

Desired Profit 7,528,000

Sale for Desired profit = ( Desired profit + Fixed Cost ) / contribution per unit = ( 7528000 + 13490000 ) / 42001 = 5005 units

It is assumed that the price is exclusive of tax. So tax is not being dealt in this solution.

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If Kelly deposits $10,000 into an account that pays 8 percent interest, compounded annually, and she makes no further deposits o
avanturin [10]

Answer:

C) $14,693

Explanation:

Compound interest considers the return on investment (or interest) to be reinvested and provides return as well. Future value of principal value considering compound interest can be determined by below formula:

FV = P(1+\frac{r}{n})^{nt}

where

FV = ? is the future value

P = \$10000 is the principal amount invested

r = 8\% is the rate of interest

n= 1 is the number of times interest is compounded within one time period

t = 5 years is the number of time periods

FV = P(1+\frac{r}{n})^{nt}

FV = 10000*(1+\frac{0.08}{1})^{1*5}

FV = \$14693

7 0
4 years ago
Marie contracts to buy coffee beans for her store from Owen. The contract price is $5.00 per pound. Owen breaches the contract a
Katyanochek1 [597]

Answer:

d. the difference between the market price of

the coffee and the contract price.

Explanation:

Damages can be described as the loss caused

by a breach of a contract. They are measured

and expressed in monetary units. Damages

arise because one person in a contract has

not fulfilled their obligation. As a resut, the

innocent party suffers losses or injury.

Damage compensation should take an injured

party to where they should have been if the

contract was not breached. For Marie, If the

contract was not breached, she would have

bought the coffee at $5 per pound. Her

damages would be the difference between thne

price she eventually paid for the coffee, and

the contract price of $5.

5 0
2 years ago
The economy is beginning to slip into a recession.​ further, data indicate that inflation is low. the fed will most likely respo
Doss [256]

Answer:

Purchasing government securities to lower the interest rate

Explanation:

Lowering interest rates is used to stimulate the economy. It is also easier to lower interest rates when in inflation is low.

5 0
3 years ago
Read 2 more answers
Hector is 70 years old and has just retired from a career as a lawyer. he is now spending time looking back on his life and is r
ZanzabumX [31]

Answer:

The correct answer to the following question is option D) life review .

Explanation:

Life review process can be described as progressive return to the consciousness of the unresolved conflicts of past or memories for the purpose of reevaluating them and for finding resolutions. This a very common among the people in the later years of their life and this process differs with each individual . In the given question also Hector is going through the same life review process .

8 0
3 years ago
In a _____, the factors of production are owned collectively rather than individually, and no incentives to work harder or to pr
riadik2000 [5.3K]

Considering the style of government, in a <u>socialistic economic system</u>, the factors of production are owned collectively rather than individually, and no incentives to work harder or produce quality products are provided.

<h3>What is Socialism?</h3>

Socialism is a style of government that operates so that the community owns all the properties, and every individual receives equally the economic resources allocated by the government.

Therefore, equal sharing reduces the incentives to work harder or produce quality products.

Hence, in this case, it is concluded that the correct answer is "<u>Socialistic Economic system."</u>

Learn more about Socialism here: brainly.com/question/14693002

3 0
3 years ago
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