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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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Jerry is the owner of Tennessee's Treasures, a very successful framing and gift store. Suppliers are anxious to place inventory
34kurt

Answer:

Trade credit

Explanation:

Trade credit is an agreement between two businesses where the supplier agrees to supply goods to a trader and collect payments later. There is no payment at the delivery of the products, but the supplier allows for later payments.

Trade credit allows traders to sell the product at first, deduct profits from the revenue and pay the supplier later. Trade credit can harm a business if the credit aspect is expensive. Should the trader negotiate for good credit terms, then trade credit is a viable option for inventory purchases.

5 0
4 years ago
You want to create a purchase order for a valuated material. which views in the material master record must be available as a mi
Temka [501]
The answer to your question is accounting and purchasing
5 0
4 years ago
Carly deposited $800 in an account that earns 6% compounded annually. Lara deposited $800 in an account that earns 6% simple int
LiRa [457]

Answer:

Carly will have $1,433 in her account at the end of 10 years.

Lara will have $1,280 in her account at the end of 10 years.

Explanation:

Simpe interest pays the simple trust on the principal amount. There is no reinvestment of interest.

In compounded Interest the Interest earned from the investment is reinvested and again interest on principal and interest amount reinvested is earned.

Carly Deposit balance

Principal amount = $800

Blance after 10 years = $800 ( 1+ 6% )^10 = $800 x 1.791 = $1,433

Lara Deposit balance

Principal amount = $800

Amount of Interest for 10 years = 800 x 6% x 10 = $480

Blance after 10 years = $800 + $480 = $1,280

7 0
3 years ago
Which of the following is not an advantage of owning mutual funds? A. All of the options are advantages of mutual funds. B. They
weeeeeb [17]

(C) They treat income as 'passed through' to the investor for tax purposes.

<h3>What are mutual funds?</h3>
  • A mutual fund is an investment vehicle that is professionally managed and collects money from a number of investors to buy securities.
  • The phrase is frequently used in the US, Canada, and India, while open-ended investment companies in the UK and SICAVs in Europe are comparable global structures.
  • Mutual fund distributions, whether made in the form of cash payments or reinvested in additional shares, must be taxed if shares are held in a taxable account.
  • Following the end of each calendar year, the funds submit IRS Form 1099-DIV detailing distributions made to shareholders.
<h3>Who are investors?</h3>
  • A person who invests money does so in the hope of earning a profit or gaining an advantage in the future.
  • The majority of the time, the investor purchases some kind of property using these assigned funds.
<h3>What is tax?</h3>
  • Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs.
  • A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national).
  • Around 3000–2800 BC, the first recorded taxation was enacted in ancient Egypt.

Therefore, "(C) They treat income as 'passed through' to the investor for tax purposes" is not the advantage of owning mutual funds.

Know more about mutual funds here:

brainly.com/question/4340765

#SPJ4

4 0
2 years ago
What's the difference between price skimming and price penetration strategies?
schepotkina [342]
Price skimming is when the prices go from high to low consistently and price penetration is the opposite
5 0
3 years ago
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