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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:

The correct answer is option C.

Explanation:

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Since Italy has a lower opportunity cost of producing glass, so we can say that it has a comparative advantage in the production of glass.  

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= \frac{1}{4}

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Sweden's opportunity cost of producing a pair of jeans  

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= 0.1

Sweden has a lower opportunity cost in the production of jeans, so it has a comparative advantage in the production of jeans.  

So, Italy will produce and export glass and Sweden will produce and export jeans.  

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So the trade price will be 8 pairs of jeans per pane of stained glass.  

7 0
3 years ago
Which of the following elements is exclusive to the services marketing mix, and not the traditional marketing mix?a) processb) p
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Answer:

a) process

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7 0
3 years ago
Explain how banks have transformed their commercial lending business from asset transformation to brokerage services
faltersainse [42]

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Learn more about risk and maturity.

brainly.com/question/20715710

6 0
2 years ago
Metro Event Planning Services collects fees from its customers in advance. On January​ 1, 2019, the balance of its Unearned Reve
dimulka [17.4K]

Answer:

A credit balance of $3 comma 200

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4 0
3 years ago
A sponsored real estate broker is selling their property "For Sale by Owner". When advertising the property "For Sale" which of
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Answer:

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8 0
4 years ago
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