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victus00 [196]
2 years ago
14

Margaret sells hand-knit scarves at a flea market. Each scarf sells for $25. Margaret pays $30 to rent a vending space for one d

ay. The variable costs are $15 per scarf. How many scarves should she sell each day in order to break even?
Business
1 answer:
musickatia [10]2 years ago
7 0

Answer:

The answer is 3 units

Explanation:

Break even sale is the amount of sales a firm or business needs to sell to break even , that is, the amount to sell to neither make profit nor loss.

Break even sales = Fixed cost ÷ ( unit sales - variable costs)

$30/($25 - $15)

$30/$10

=3 units

Break even sales is 3 units. That means Margaret needs to 3 units of hand-knit scarves to neither make profit or loss. Units above 3 will result into profit making while units below 3 will result into loss making.

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Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area
Sauron [17]

Answer:

See below.

Explanation:

Lets summarize the information first,

Revenue = 480/hour

Salaries = 11700 + 126/ hour

Supplies = 5/hour

Equipment Rental = 2000 + 22/ hour

Insurance = 3900

Miscellaneous = 520 + 1.48/hour

Now we flex these standard costs to to activity level of 290 diving hours,

Revenue  (480 * 290)                                          139,200

Less:

Salaries and wages (11,700 + 126*290)              48,240

Supplies (5 * 290)                                                1,450

Equipment rental (2000 + 22*290)                     8,380

Insurance                                                              3,900

Miscellaneous (520+ 1.48*290)                           949.2

Budgeted profits                                                  $76,280.8

Hope that helps.

3 0
3 years ago
1. Discuss how core factors, cues to quality, and interpersonal factors of a product influence your buying decisions. Discuss wi
Umnica [9.8K]

Explanation:

Interpersonal product feature play a role in determining one's buying decision. For example, an individual who is open to new experiences may be more likely to try a new technology.

Another example is that of an individual who has a negative view of how he or she looks or dresses, he or she may tend to seek and buy products that could enhance how they feel about themselves.

As regards the quality of a product, it is usually based on the purchase plan period. For example, an individual who notices he needs an item urgently may be less likely to include quality in his buying decision, especially when it's a life-saving item for an emergency. But someone who has the time and has been planning to buy an item for months, will more likely examine quality before he makes a buying decision.

5 0
2 years ago
One of the departments at Yolo Industries has entered into a 9 year lease for a piece of equipment. The annual payment under the
Darya [45]

Answer:

PV= $22,677.03

Explanation:

Giving the following formula:

Number of periods (n)= 9 years

Annual payment (A)= $3,800

Discount rate (i)= 12%

<u>First, we will calculate the future value of the payments using the following formula:</u>

FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}

FV= {3,800*[(1.12^9) - 1]} / 0.12 + {[3,800*(1.12^9)] - 3,800}

FV= 56,147.49 + 6,737.7

FV= $62,885.19

<u>Now, the present value:</u>

PV= FV / (1 + i)^n

PV= 62,885.19 / (1.12^9)

PV= $22,677.03

5 0
3 years ago
Complete the statement by filling in the correct terms.
Setler79 [48]
1= A. Balancing a back account
2= B. bank statement
8 0
2 years ago
Read 2 more answers
Firms are more likely to effectively leverage their technologies in new markets if they identify new applications of the technol
Fantom [35]

Firms are more likely to effectively leverage their technologies in new markets if they identify new applications of the technology by identifying the best mode to generate profits from new markets. best, profits, new the sentence.

<h3>What are Firms?</h3>

Generally, Firms are simply defined as the business as an essential component of any economic system in which individuals satisfy needs via the division of labor and the trade of products and services.

In conclusion, Firms are business-oriented organizations.

Read more about Business

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6 0
2 years ago
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