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postnew [5]
3 years ago
12

Fern Corporation manufacturers a single product that has a selling price of $15.00 per unit. Fixed expenses total $51,000 per ye

ar, and the company must sell 8,500 units to break even. If the company has a target profit of $15,000, sales in units must be:
Business
1 answer:
Natali [406]3 years ago
4 0

Answer:

11,000

Explanation:

The breakeven point is the number of units that must be sold such that the total sales becomes equal to the total cost. The total cost is made of the fixed and variable cost.

Given

selling price = $15.00 per unit

Fixed expenses total = $51,000 per year

Breakeven units = 8500

let the variable cost per unit be y

15(8500) = 8500y + 51000

8500y = 127500  - 51000

y = 76500 /8500

y = $9

To make a profit of $15,000, let required sales unit be T

15T - (51000 + 9T) = 15000

6T = 15000 + 51000

6T = 66000

T = 11,000

To make a profit of $15,000, sales in unit must be 11,000

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Cash dividends of $45,000 were declared during the year. Cash dividends payable were $10,000 at the beginning of the year and $1
gogolik [260]

Answer:

The amount of cash for the payment of dividends during the year is B. $40,000

Explanation:

To Determine the amount of cash for the payment of dividends during the year, we open a Dividends Payable T - Account and find the amount via <em>missing figure approach</em> as follows:

Debits :

Cash (<em>Balancing figure</em>)                          $40,000

Ending of year Dividends Payable          $15,000

Totals                                                        $55,000

Credits :

Beginning of year Dividends Payable    $10,000

Dividends declared during the year      $45,000

Totals                                                        $55,000

4 0
3 years ago
A retired woman has $180,000 to invest. she has chosen one relatively safe investment fund that has an annual yield of 9% and an
Zepler [3.9K]
Solution:  
Let the amount invested in scheme which yields 9% be x and amount invested in scheme which yields 13% be y.  
x + y = 180000 --equation 1 
0.09x + 0.13y = 18000 --equation 2  
Balancing the equations, multiply equation 1 with 0.09 and equation 2 with 1,  
0.09x + 0.09y = 16200 -equation 3
 0.09x + 0.13y = 18000 --equation4  
Subtracting equation 4 from 3, 
 -0.04y = -1800  
y = 45000 
 Now putting value of y in equation 1, 
 x + 45000 = 180000 
 x = 135000 
 The amount to be invested in scheme which yields 9% = $135,000
 The amount to be invested in scheme which yields 13% = $45,000
6 0
3 years ago
Classify the following topics as relating to microeconomics or macroeconomics. Topic: Microeconomics or Macroeconomics
goldenfox [79]

Answer: MICROECONOMICS

1.The effect of a change in price of one good on a related good.

MACROECONOMICS

2. The relationship between the inflation rate and the unemployment rate.

3.The effect of government subsidies on the agricultural industry.

Explanation: Microeconomics is a term of the to describe the impact of certain conditions on a single product or service,it doesn't consist of the whole economy or country.

Macroeconomics is a term used to describe the impact of certain conditions on the whole economy or country. Inflation rate, unemployment rate, effects of subsidy in Agriculture etc are all Macroeconomics statistics give better understanding of the economic performance.

8 0
3 years ago
Malcolm is part of a team developing a new smartphone app to track traffic patterns. Because team members are located throughout
Karolina [17]

Answer:

c. Virtual Team

Explanation:

Since they don't meet in person, they are settled in different locations and collaborate through technolgy, they only meet virtually, they are called a virtual team

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3 years ago
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