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
3241004551 [841]
2 years ago
7

Werth Company produces tie racks. The estimated fixed costs for the year are $288,000, and the estimated variable costs per unit

are $14. Werth expects to produce and sell 60,000 units at a price of $20 per unit. How much is the break-even point in units? A. 48,000 B. 72,000 C. 3,600 D. 8,471
Business
1 answer:
____ [38]2 years ago
8 0

Answer:

Option (A) is correct.

Explanation:

Given that,

Estimated fixed cost = $288,000

Estimated variable cost = $14 per unit

Units expects to produce and sell = 60,000

Selling price = $20 per unit

We first need to calculate the contribution margin:

Contribution margin per unit:

= Selling price - Variable cost

= $20 - $14

= $6

The break even point in units is the ratio of fixed cost to the contribution margin per unit.

Break-even point in units:

= Fixed cost ÷ Contribution margin per unit

= $288,000 ÷ $6

= 48,000 units

You might be interested in
Dditional Time Used: 07 minutes, 16 seconds.
Sedaia [141]

Answer:

the answer is c...employees need 2 b compensated 4 a job that is satisfactory 2 a company.., this position to workers, relays a feeling of "job well done"

4 0
3 years ago
Even when competitive firms are unable to calculate marginal revenue product directly, ______________________________ will push
Alona [7]

Answer:

Even when competitive firms are unable to calculate marginal revenue product directly, <u>competition in the labor market</u> will push wage rates toward the marginal revenue product of labor.

Explanation:

The labor market is made up of employers seeking for labor and employees offering their labor services. The law of supply and demand also applies to this market, when more employers are seeking employees, the price (= salary) will increase.

For example, if many companies are making a  profit and they need more labor, the salaries will rise because the demand is rising.

Also the suppliers, the potential employees, compete against each other for the best possible jobs.

8 0
3 years ago
A point outside (to the right of) the production possibilities curve of a nation implies that this nation is using its resources
PtichkaEL [24]

Answer:

is not attainable for this nation

Explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.  

The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.

Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources

Points inside the production possibilities curve means that the nations resources are not being fully utilised

Factors that cause the PPF to shift  

1. changes in technology.  

2. changes in available resources.  

3. changes in the labour force.  

8 0
2 years ago
Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that a
victus00 [196]

Answer:

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that P = ATC, P>ATC, MR =MC, or MR>MC at the optimal quantity.  Furthermore, the quantity the firm produces in long-run equilibrium is the efficient scale. True False

This indicates that there is a markup on marginal cost in the market for shirts. True False

Explanation:

In the long run, monopolistically-competitive entities produce at a level where marginal cost and marginal revenue are equal. This makes it impossible for individual companies to sell their products at prices above the average cost. This situation means that monopolistically-competitive companies will always earn zero economic profit in the long run.

3 0
3 years ago
If South Dakota's governor reports a budget surplus in 2011, that state government likely:
poizon [28]

The governor of South Dakota reports a budget surplus in 2011 and he states that the government received more taxes in the year than it spent in that year

Explanation:

Budget is the amount that the government plans and spends for the future needs and always the government introduces the budgets in the beginning of the year

Taxes must be paid regularly by the citizens and it is the due responsibility and the report of the taxes paid will be given to the governor an the report will be read and in one such report the governor of Dakota reported that there was a budget surplus the government received more taxes than it spent

7 0
3 years ago
Other questions:
  • Joe has just moved to a small town with only one golf​ course, the Northlands Golf Club. His inverse demand function is pequals
    6·1 answer
  • Prospect Realty Co. pays weekly salaries of $27,600 on Monday for a six-day workweek ending the preceding Saturday. Journalize t
    7·1 answer
  • 1.) If you decide to be a tranchises and open a
    12·1 answer
  • Can someone just answer the 3rd question.pleaseee
    14·2 answers
  • The differences between the various 'Money Supplies' (M1, M2, …) are base on A) The volume of the economy they make up C) Whethe
    13·1 answer
  • Joan is a single individual who works for Big Petroleum, Inc. During all of 2019, she is stationed in West Africa. She pays West
    6·1 answer
  • Fuel Connector Products, Inc., agrees to sell Go-Flo, Inc., a certain quantity of hose couplings and fittings, but the contract
    15·1 answer
  • An investment broker wants to invest up to $20,000. She can invest in two mutual funds based on their yearly average return for
    5·1 answer
  • There are a number of specific steps in the appraisal process. What is the final step?
    6·1 answer
  • Both interest bearing and noninterest bearing notes bear interest.<br> A. True<br> B. False
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!