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
Citrus2011 [14]
3 years ago
10

_____ is the method used to determine the number of units a firm must sell at a specific price to cover all costs.

Business
1 answer:
Aleksandr-060686 [28]3 years ago
3 0

Answer:

Breakeven analysis.

Explanation:

Breakeven analysis is the method used to determine the number of units a firm must sell at a specific price to cover all costs. It is a concept that allow business owners or financial experts to determine and know what they need to sell either on a monthly or annual (yearly) basis, in order to be able to cover the costs of doing the business.

Basically, it helps us to determine the amount of revenue required for the smooth operation of a business, amount of money needed to cover both fixed and variable costs. Using the breakeven analysis, production costs can be categorized as;

1.  Variable costs: these are costs that usually change with respect to changes in the level of production or output. Examples are direct labor, maintenance of equipment or machines, raw materials costs etc.

2.  Fixed costs: these are the costs which are not directly related to the level of production or not affected by the quantity of output in an organization. Examples are rent, depreciation, administrative cost, research and development costs, marketing costs etc.

You might be interested in
An outside supplier offers to provide Factor with all the units it needs at $44.45 per unit. If Factor buys from the supplier, t
Anvisha [2.4K]

Answer:

Factor must opt to agree as well as purchase the deal from the provider. A further explanation is provided below.

Explanation:

The given problem seems to be incomplete. Find the attachment of the complete question below.

Given:

Direct material,

= $8.70  

Direct labor,

= 24.70  

Overhead,

= 43.50

Now,

If the offer is accepted, the cost per unit will be:

= 44.45 + (43.50\times 70 \ percentage)

= 44.45 + 30.45

= 74.90 ($)

Thus the above is the correct answer.

6 0
3 years ago
Journalize the following transactions that occurred in for ​, assuming the perpetual inventory system is being used. No explanat
MariettaO [177]

Answer:

Journal Entries:

Sep. 3:

Debit Inventory $7,500

Credit Accounts Payable (Silton Wholesalers) $7,500

To record the purchase of merchandise on account.

Sep. 4:

Debit Freight on Inventory $50

Credit Cash Account $50

To record freight on purchase.

Sep. 4:

Debit Inventory $2,000

Credit Cash Account $2,000

To record the purchase of merchandise for cash.

Sep. 6:

Debit Accounts Payable (Silton Wholesalers) $1,100

Credit Inventory $1,100

To record the return of inventory.

Sep. 8:

Debit Accounts Receivable (Houston Company) $6,100

Credit Sales Revenue $6,100

To record the sale of merchandise on account.

Sep. 13:

Debit Accounts Payable (Tristan Wholesalers) $100

Credit Inventory $100

To record the allowance received.

Sep. 15:

Debit Accounts Receivable (Jex Company) $2,900

Credit Sales Revenue $2,900

To record the sale of merchandise on account.

Sep. 22:

Debit Accounts Payable (Tarin Wholesalers) $

Credit Cash $

For alleged goods purchased on September 9 (not in the records).

Sep. 23:

Debit Inventory $230

Debit Sales Revenue $270

Credit Accounts Receivable (Jex Company) $500

To record inventory returned and the corresponding profit on sales.

Sep. 29:

Debit Cash Account $

Credit Accounts Receivable (Smede) $

To record receipt from Smede (not in the records).

Sep. 30:

Debit Cash Account $2,400

Accounts Receivable (Jex Company) $2,400

To record receipt from Jex Company in full settlement.

Explanation:

Company B uses the journal entries to initially record business transactions as they occur on a daily basis.  They show the accounts to be debited and the ones to be credited.

5 0
3 years ago
The number of customers who enter a bank is thought to be Poisson distributed with a mean equal to 10 per hour. What are the cha
VLD [36.1K]

Answer:

The probability that 2 or 3 customers will arrive in a 15-minute period is 0.4703

Explanation:

Firstly, we have to determine the segment unit, since the mean is 10 per hour, the segment unit is 1 hour.

The mean(m) = 10

since the period is 15 minutes = 0.25 hour, t= 0.25 hour / 1 hour. Therefore mt= 2*10 = 2.5

The poisson distribution formula P(x) = \frac{(mt)^{x}e^{-mt}  }{x!}

Therefore the probability that 2 or 3 customers will arrive in a 15-minute period

P(x=2) or P(x=3) = P(x=2) + P(x=3) = \frac{(2.5)^{2}e^{-2.5}  }{2!}+\frac{(2.5)^{3}e^{-2.5}  }{3!} = 0.2565 + 0.2138 = 0.4703

Therefore P(x=2) or P(x=3) = 0.4703

The probability that 2 or 3 customers will arrive in a 15-minute period is 0.4703

3 0
3 years ago
Read 2 more answers
What types of securities would a mutual fund called Westgo Fixed Income Fund be likely to hold in its portfolio
scoundrel [369]

The Westgo Fixed Income Fund is a mutual fund that holds an array of bonds and common stocks in its portfolio.

<h3>What is a mutual fund?</h3>

A kind of financial vehicle in which assets from shareholders are pooled to invest in different securities like bonds, stocks, and many more. It is maintained or held by individuals or small investors.

For a smart investment, a fund holder has a manager, who is named as an investment adviser. This adviser works for the mutual fund shareholder. It is the adviser's responsibility to monitor market trends and advise the investor or holder on where and how much to invest.

Therefore, Westgo Fixed Income Fund is a mutual fund that holds an array of bonds and common stocks in its portfolio.

Learn more about mutual funds from here:

brainly.com/question/14291192

#SPJ1

5 0
2 years ago
On January 1, 2016, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on Septemb
Akimi4 [234]

Answer:

$54,000

Explanation:

Average accumulated expenditure can be determined by calculating the weighted average expenditure of each bond based on the numbers of month each bond is outstanding.

2016

As per given data

January 1, 2016 $300,000

September 1, 2016 $450,000

December 31, 2016 $450,000

Expenditures

As the bonds have different outstanding periods in the year, so we have to calculate the weighted average expenditure based on the numbers of months each bond outstanding within 2016.

January 1, 2016         $300,000 x 12/12 x 12% = $36,000  

September 1, 2016   $450,000  x 4/12 x 12% =  $18,000

December 31, 2016  $450,000  x 0/12 x 12% = <u>$0           </u>

Total Expenditure                                                <u>$54,000 </u>

3 0
3 years ago
Other questions:
  • Karen doesn’t like driving to the local bank branch, but doesn’t think that it is secure to do financial transactions on her pho
    10·1 answer
  • Sales decline in the decline stage of the PLC because of technological advances, shifts in consumer tastes and preferences, and
    9·1 answer
  • Select the appropriate steps to allow a trusted site for internet explorer version 8
    9·1 answer
  • What is the definition of liability? the amount a consumer must pay after an incident before the insurance company starts paying
    12·2 answers
  • _____ is the process that occurs when a job applicant does research on an organization and concludes there is enough of a fit be
    13·2 answers
  • Monetary policy has a​ ________ effect on aggregate demand in​ a(n) ________​ economy, and fiscal policy has a​ ________ effect
    15·1 answer
  • Accounting systems that use standards for product costs are called budgeted cost systems. True False
    5·1 answer
  • Suppose that Jim uses his budget to purchase 100 units of Good X and 100 units of Good Y. When the price of Good X rises, he pur
    13·1 answer
  • What is the primary means by which supervisors can determine whether or not employees are complying with?
    5·1 answer
  • The process of planning, collecting, and analyzing data relevant to a marketing decision is called?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!