For personal finance course

Globus Autos sells a single product. 8,300 units were sold resulting in $84,000 of sales revenue, $24,000 of variable costs, a

aliya0001 [1]

Answer:

Margin of safety= 5,364 units

Explanation:

First, we need to calculate the break-even point in units:

Selling price= 84,000/8,300= $10.12

Unitary variable cost= $2.89

New selling price= 10.12 - 1.1= $9.02

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

Break-even point in units= 18,000 / (9.02 - 2.89)

Break-even point in units= 2,936 units

Now, the margin of safety:

Margin of safety= (current sales level - break-even point)

Margin of safety= 8,300 - 2,936

Margin of safety= 5,364 units

8 0

3 years ago

Lists debts not discharged by bankruptcy

ValentinkaMS [17]

Answer:

List of debts not discharged by bankruptcy are explained below in detail

Explanation:

Bankruptcy often gives account holders a new opening through either the liquidation or rearrangement of debts. In the two cases, the court is said to discharge the debts. Not all debts can be released, in any case, and a few are exceptionally hard to release. The most widely recognized debts not discharged by the court incorporate tax liens, student loans, mortgages. More importantly, debts which incur due to misconduct are fraud, recklessness and embezzlement behaviors. Some other debts that are not discharged by bankruptcy are court fees, social security tax and tax penalties.

3 0

3 years ago

If other things are held constant, an increase in unites states imports will

tangare [24]

If other things are held constant, an increase in Unites States imports will make the dollar less valuable and other countries dollar will rise. There needs to be a balance between imports and exports for the United States to stay afloat. An influx of imports would make the United States reliant on foreign products and would raise the foreign countries value. This is why it is import for domestic products to sell and keep revenue inside the country.

5 0

3 years ago

When a consultant prepared marketing dashboards showing sales data for different household types over a four-year period for Ton

sukhopar [10]

Answer:

The correct answer is: Develop findings.

Explanation:

The Marketing Research Approach is a study carried out to contribute to the decision-making of a company mainly over the introduction of a new product. The approach has five (5) steps: define the problem, develop findings, collect relevant data and information, analyze the information, and take action.

After recognizing what the problem is and clearly know what the study will focus on, the next step implies developing findings. At this stage, different kind of information is collected and studied to determine if they would be useful for the research or at least provide an idea of what is happening related to the issue that causes the research.

8 0

3 years ago

Randy Ice starts the month with a balance on his credit card of $1000. On the 10th day of the month, he purchases $200 in clothe

Eva8 [605]

Answer: $11.25

Explanation:

From the above question, The bank charges 1.5 percent per month and uses the average daily balance excluding new purchases method.

The average daily balance for the month excluding the new purchase is $750.

Therefore, the finance charge =

$750 x 1.5%

= $11.25

6 0

3 years ago