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
Sati [7]
3 years ago
12

Elizabeth is the manager of a new spa opening in Gainesville and wants to know how much to charge for a massage. She knows that

her fixed costs are $1850 and her variable costs per massage are $25. Furthermore, she assumes that her staff can give 50 massages per day. To break even, she would have to charge what price?
Business
2 answers:
marusya05 [52]3 years ago
5 0

Answer:

Sales Price = $62

Explanation:

Break-Even formula:

⇒ Break-Even Units =  <u>           Fixed Costs               </u>  

                                     Sales Price - Variable Costs

⇒  50  =   <u>           1850       </u>

                Sales Price - 25

⇒ Sales Price - 25 = <u>1850</u>

                                    50

⇒ Sales Price - 25 = 37

⇒ Sales Price = 37 + 25

⇒ Sales Price = $62

lubasha [3.4K]3 years ago
3 0

Answer:

$62

Explanation:

Breakeven point is the production level at which the revenue gained is equal to the cost incurred in producing a product.

It is an important consideration because businesses can plan on how to increase profits by producing more above this level.

The formula for break-even is given as

Breakeven= Fixed cost ÷(Price - Variable cost)

To get the price to breakeven, we will take breakeven point as 50 massages per day

50= 1,850 ÷ (Price - 25)

50* (Price - 25)= 1,850

(50* price) - (50* 25)= 1,850

Price = (1,850 + 1,250) ÷ 50

Price= $62

You might be interested in
Obviously, since you do not manage your neighbors, you won’t be using a __________ (a. functional team/b. cross-functional team/
gizmo_the_mogwai [7]

Answer:

Obviously, since you do not manage your neighbours, you won’t be using a <u>project team</u>. But since you want formal representation from your homeowner’s association, your local law enforcement agency, and the businesses on your street, you think that you might start with a <u>cross-functional team</u>. Whatever type of team you choose, you know that more diversity will bring you <u>more</u> ideas.

1. Project team belongs from various groups.

2. Cross- functional team has diversified experiences.

3. More people bring more ideas.

4 0
4 years ago
Which of the following countries has the highest gross domestic product?a. Belwick, whose market value of final goods is $100 bi
Alexeev081 [22]

Answer:

D. Acquardica, whose market value of final goods is $170 billion and market value of final services is $90 billion for a year

Explanation:

GDP gross domestic product is the value of final goods and services produced within a year.

Therefore Option D indicates highest GDP of final goods/services produced for a year.

5 0
3 years ago
You are considering the purchase of a common stock that paid a dividend of $3.00 yesterday. You expect this stock to have a grow
Ray Of Light [21]

Answer:

$50.8

Explanation:

As per given Data

Dividend Paid = $3

Worth of the stock is the present value of all the cash flows associated with the stock. Dividend is the only cash flow that a stock holder receives against its investment in the stocks. We need to calculate the present values of all the dividend payments.

Formula for PV of dividend

PV of Dividend = Dividend x ( 1 + growth rate )^n x ( 1 + r )^-n

1st year

PV of Dividend = $3 x ( 1 + 20%)^1 x ( 1 + 14% )^-1 = $3.16

2nd year

PV of Dividend = $3 x ( 1 + 20%)^2 x ( 1 + 14% )^-2 = $3.32

3rd year

PV of Dividend = $3 x ( 1 + 20%)^3 x ( 1 + 14% )^-3 = $3.50

After three years the dividend will grow at a constant rate of 5%, so we will use the following formula to calculate the present value

PV of Dividend = [ $3 x ( 1 + 20%)^3 x ( 1 + 5%) / ( 14% - 5% ) ] x [ ( 1 + 14% )^-3 ]

PV of Dividend = $40.82

Value of Stock = $3.16 + $3.32 + $3.50 + $40.82 = $50.8

6 0
4 years ago
What is the difference in accounting treatment of unrealized gains and losses across these three categories of investments
hammer [34]

Answer:

Unrealized gains and losses treatment:

Available for sale - recorded in OCI

Held till maturity - not recognized in financial statements until maturity

Held for Trading - Fair value through profit and loss

Explanation:

There are three categories of financial instruments. Available for Sale AFS, Held for trading HFT and Held till maturity HTM. Financial instruments are classified in these categories and then treatments is according to their classification. IAS 39 and IFRS 9 have provided complete guidelines for the treatment of the financial securities.

6 0
3 years ago
The abuse of children is a symptom of _____.
ra1l [238]

Answer:

lack of parental care and training

Hope that helps!

4 0
3 years ago
Read 2 more answers
Other questions:
  • The employment potential of the Education and Training career cluster in 2020 compared to other clusters is expected to be
    12·2 answers
  • Bradley, an executive chef in a large hotel, recently attended a training conference sponsored by several top professionals in h
    6·1 answer
  • Which activity is a part of personal financial planning?
    15·2 answers
  • River Enterprises has ​$505 million in debt and 22 million shares of equity outstanding. Its excess cash reserves are $14 millio
    15·1 answer
  • The process of globalization involves an increase in Blank Space __________.
    5·1 answer
  • You can ready yourself for an interview by:
    9·1 answer
  • We know that the market should respond positively to good news and that good-news events such as the coming end of a recession c
    8·1 answer
  • Botox Facial Care had earnings after taxes of $340,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $74
    14·1 answer
  • At the beginning of the year, your company borrows $33,600 by signing a six-year promissory note that states an annual interest
    6·1 answer
  • Which method of backing up digital photographs involves physical storage of files?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!