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
Usimov [2.4K]
3 years ago
11

Paney Company makes calendars. Information on cost per unit is as follows: Direct materials $1.50 Direct labor 1.20 Variable ove

rhead 0.90 Variable marketing expense 0.40 Fixed marketing expense totaled $13,000 and fixed administrative expense totaled $35,000. The price per calendar is $10. What is the break-even point in sales dollars? a.$80,000 b.$58,330 c.$21,670 d.$28,000 e.$120,000
Business
1 answer:
PilotLPTM [1.2K]3 years ago
8 0

Answer:

c.$21,670

Explanation:

The computation of the break-even point in sales dollars is shown below:

Break even point = (Fixed expenses) ÷ (Profit volume Ratio)  

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit  

= $10 -$1.50 -$1.20 - $0.90 - $0.40

= $6

And, Profit volume ratio = (Contribution margin per unit) ÷ (selling price per unit) × 100

So, the Profit volume ratio = (6) ÷ (10) × 100 = 60%

And, the fixed expenses is $13,000

Now put these values to the above formula  

So, the value would equal to  

= ($13,000) ÷ (60%)  

= $21,670

You might be interested in
Laredo advertises a reward for the return of his lost dog. Miguel, who does not know of the reward, finds and returns the dog, w
Makovka662 [10]

Answer:

b. did not know of the reward when he returned the dog.

Explanation:

Laredo advertises for getting his dog back. This does not infer that the dog will only be returned when the reward will be paid.

Miguel did not know about the reward, so the reward in this case is not mandatory to be paid, but if Laredo initiates the reward himself, that can be accepted.

This is a clear demonstration of being kind and get what you know.

So if you do not know the facts, you are on fault.

4 0
3 years ago
Which of the following accounts may appear on a post-closing trial balance? Question 8 options: A. Cash, Salary payable, and Ret
Kryger [21]

Answer:

A. Cash, Salary payable, and Retained earnings

Explanation:

The post-closing trial balance is prepared after recording the closing entries with respect to all revenues earned, all expenses incurred, and the cash dividend .

It should be always matched and equal that means the total of the debit column and the total of credit column is equaled  and zero.

So, the most appropriate option is A.

3 0
3 years ago
From an economic perspective, a student’s decision to go to the movies instead of studying for a test indicates that in the stud
shepuryov [24]

Answer:

It  means that the  marginal cost of going to the movies is less than the marginal benefit of going to the movies.

Explanation:

If the student chooses to go to the movies, it means that he thinks he has less to lose when he foregoes studying for a test. Even though logically it may appear that the latter would be a better option, according to him, the 2 or so hours at the movies would provide an extra value like if he went with a family member who he cares about. That probably beats the cost of staying up late to revise for the test.

6 0
3 years ago
Pick a company’s product/brand that you either like or are familiar with enough to know about their segmentation and targeting s
bixtya [17]

Answer:

1.The brand “Dettol” started its journey in 1933 as antiseptic liquid, but over the years, it has been extended to a number of product categories like toilet soaps, liquid hand wash, liquid body wash, shaving cream and plaster strips.  Dettol has been widely accepted and positioned as a 100% germ fighter with complete protection and control for entire family as its core value.

Their Marketing Strategy

Consumers see Dettol as an ‘expert’. It is perceived as a product which is effective and versatile and guarantees protection from germs.

2.

It uses demographic segmentation and can be used by most people of any age group.

People from all generation are the targeted customers of Dettol. Dettol follows Product specialization strategy in order to penetrate the market and increase the usage rate.  

Dettol has been successful in positioning itself as an antiseptic which safeguard/protect the people from germs. Dettol’s effective communication has always focused on the core brand positioning of protection from germs.

3.

They should continue with their current segmentation criteria. Why? It is because it has been super effective, when you think antiseptics, dettol naturally comes to mind first as they have successfully embedded the benefits of their products in our heads through mind-blowing marketing strategies.

4.

Technology has helped smaller segments become profitable by;

  • Helping to future-proof businesses while ensuring one is not running behind his/her competitors.
  • Facilitating Workforce Productivity.
  • Reducing Operational Costs.
  • Engineered a number of processes that has helped improve the Quality of Products and Processes.
  • Increasing Business Growth.
  • It has greatly helped in Managing Uncertainty.

3 0
3 years ago
What is the discount yield, bond equivalent yield, and effective annual return on a $3 million commercial paper issue that curre
aleksklad [387]

Answer:

(a) 6.206%

(b) 6.54%

(c) 6.58%

Explanation:

Given that,

Commercial paper value = $3 million

Currently selling at 97.50 percent of its face value.

Days from maturity = 145

(a) Discount yield:

= \frac{(Face\ value - Current\ price)}{Face\ value}\times\frac{360}{Days\ in\ maturity}

= \frac{(100 - 97.50)}{100}\times\frac{360}{145}

= 0.025 × 2.4827

= 0.06206 or 6.206%

(b) Bond equivalent yield:

= \frac{(Face\ value - Current\ price)}{Current\ price}\times\frac{365}{Days\ in\ maturity}

= \frac{(100 - 97.50)}{97.50}\times\frac{365}{145}

= 0.026 × 2.52

= 0.0654 or 6.54%

(c) Effective annual return:

Future value = Present value × (1+r)^{n}

$100 = $97.50 × (1+r)^{\frac{145}{365}}

(\frac{100}{97.50})^{\frac{365}{145}} = 1+r

1.0658 = 1 + r

0.0658 or 6.58% = r

6 0
3 years ago
Other questions:
  • Yvette is a customer of Apexon Bank, which is a member of the FDIC. She currently has a checking account that has $17,371 and a
    7·1 answer
  • What is the expected salary range for ocean engineer from entry level to being at the top of their field?
    8·1 answer
  • If country ABC can produce a unit of good 1 by sacrificing fewer units of good 2 than can country XYZ, it is correct to say that
    13·1 answer
  • Carly is a manager at a business. when she has a job opening, she regularly does internet searches on the applicants to see if t
    14·1 answer
  • Data for Shelby Company for the current year is as follows:
    14·1 answer
  • On June 30, 2021, the Esquire Company sold some merchandise to a customer for $68,000. In payment, Esquire agreed to accept a 9%
    12·1 answer
  • This business pays income taxes on the sales of its products each year.<br> This is:
    15·2 answers
  • You are evaluating an investment that will provide the following cash flows at the end of each of the following years: year 1, $
    5·1 answer
  • If you guess the number im thinking of illl give you 100 points
    15·2 answers
  • Jerrod owes $2000 on a credit card that charges him an annual percentage rate of 18%. If jerrod stopped making payments, how lon
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!