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lawyer [7]
3 years ago
7

Jerry makes designer gloves at his workshop. He buys the cloth required for the gloves at $2.50 per glove He also buys stitching

material at $0.50 per glove. He spends $400 per month to rent his workshop. He sells the gloves for $11 each. How many gloves does he need to sell to break even?
Business
1 answer:
IrinaVladis [17]3 years ago
6 0

Answer:

50 gloves

Explanation:

The formula for breakeven point = Fixed cost/contribution margin per unit

Fixed cost =$400

contribution margin per unit = selling cost - variable cost

selling price = $11

variable cost per item = cloth at $2.50 + stitching $0.50 = $3.0

Contribution margin = $11 - $3 = $8

Break-even point = $400/$8

=50 gloves

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Answer:

Results are below.

Explanation:

Giving the following information:

Fixed costs= $192,000

Unitary variable cost= $320 per week

Selling price per unit= $480 per week

<u>To calculate the total cost, we need to use the following formula:</u>

Total cost= fixed costs + unitary variable cost*number of units

Total cost= 192,000 + 320*number of weeks

<u>Now, the total revenue:</u>

Total revenue= selling price per week*Number of weeks

Total revenue= 480*x

<u>Finally, the break-even point in units:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 192,000 / (480 - 320)

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3 0
3 years ago
Last year, Reggie, a Los Angeles, California resident, began selling autographed footballs through Trojan Victory (TV), Incorpor
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b) $50,000 x 8.25% = $4,125

c)As TV lacks physical presence in New York and Wyoming, therefore, it would have no sales tax or use tax liability.

d)$10,000 x 5.6% sales = $560. TV would have tax liability in Arizona but not in Oregon.

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5 0
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Jason is a manager of a multinational company and is working in one of the company's production plants located outside of the U.
Greeley [361]

The ethical approach Jason is using is naive immoralist.

<h3>What does naive immoralist mean?</h3>

According to the naive immoralist ethical perspective, if the manager of a multinational company notices that enterprises from other countries are not following ethical norms in a host country, he or she should not follow those ethical norms as well.

If everyone else is doing the same thing, it, therefore, serves as an ethical justification for the actions.

Learn more here: brainly.com/question/25574212.

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Financial Statements from the End-of-Period Spreadsheet
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solniwko [45]

Answer:

will increase

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