To find: Breakeven point (in units)
Given: Number of hams sold = 11000
Sales revenue = $220,000
Variable cost = $55,000
Fixed cost = $24,000
Solution: Break-even point (in units) can be calculated as:-
Fixed costs / (sales price per unit-variable costs per unit)
Fixed costs = $24,000
Sales price per unit = total sales revenue/number of units = 220000/11000 =
$20
Variable costs per unit = total variable cost/number of units = 55000/11000 = $5
Putting values in the formula,
=24000 / (20-5)
=24000/15
=1600
Breakeven point (in units) = 1600 units
Answer:
a. $20,000
b. $180,000
Explanation:
Par value per preferred share = $8
Dividend rate = 5%
Dividend per preferred share = $8 * 5% = $0.40
Number of preferred shares = 50,000
a. Total dividend amount distributed to the preferred shareholders this year = 50,000 shares * $0.40 = $20,000
b. The total dividend amount distributed to the common shareholders this year = $200,000 - $20,000 = $180,000
Answer:
Reduction in interest rate in borrowing will help in solving unemployment because once a loan interest is reduced, people goes straight to get some loans to start private businesses without relying to be employed by other companies rather they become euntreprenuers and manufacturers on their own. They drive on their passion and also will create job opportunities for more unemployed ones.
Answer:
CD: 41,500
Bonds: 49,500
Explanation:
Base on the information we are given, we can create an equation system:
The total investment in bonds and certificates of deposit totals 91,000
and the amount investment on bonds are 8,000 higher than Certificates of deposit
<u>We replace the bonds of the second equation on the first equation:</u>
CD + (CD + 8,000) = 91,000
<u>And solve for certificates of deposits</u>
2CD = 91,000 - 8,000
CD = 83,000/2 = 41,500
<u>Now, we replace the CD on the second equation</u>
Bonds = CD + 8,000
Bonds = 41,500 + 8,000 = 49,500
Answer:
American imperialism
Explanation:
is a term that refers to the economic,military and cultural influence of the United States on other countries.
