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tankabanditka [31]
3 years ago
11

Barclay Enterprises manufactures and sells three distinct styles of bicycles: the Youth model sells for $370 and has a unit cont

ribution margin of $140; the Adult model sells for $920 and has a unit contribution margin of $485; and the Recreational model sells for $1,070 and has a unit contribution margin of $535. The company's sales mix includes: 5 Youth models; 9 Adult models; and 6 Recreational models. If the firm's annual fixed costs total $6,570,000, calculate the firm's break-even point in composite units (rounded to the nearest whole unit). Multiple Choice 16,550 composite units. 794 composite units. 1,430 composite units. 397 composite units. 8,275 composite units.
Business
1 answer:
Nataliya [291]3 years ago
4 0

Answer:

794 composite units.

Explanation:

Calculation to determine the firm's break-even point in composite units

First step

Contribution Margin per Composite Unit:

Youth model $700

($140× sales mix of 5 )

Adult model model $4,365

($485× sales mix of 9)

Recreational model $3,210

( $535 × sales mix of 6 )

Contribution Margin per Composite Unit=8,275

($700+$4,365+$3,210)

Now let determine the Break-even Sales in Composite Units using this formula

Break-even Sales in Composite Units = Total Fixed Costs/Contribution Margin per Composite Unit

Let plug in the formula

Break-even Sales in Composite Units = $6,570,000/$8,275

Break-even Sales in Composite Units = $793.9

Break-even Sales in Composite Units = 794 composite units

Therefore the firm's break-even point in composite units is 794 composite units.

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<h3>In the given scenario unemployment rate is 10% </h3>

Explanation:

In the given problem,

Number of People who are working is 90,000

Number of People who are not working but looking and available is 10,000

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Unemployment rate = ((Unemployed people * 100) / (Total people in an economy (Working + Available for work)))

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Hence, Unemployment rate = 10%

5 0
3 years ago
Read 2 more answers
Bramble Corp. reported net sales of $248,700, cost of goods sold of $146,900, operating expenses of $58,000, net income of $39,9
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Answer:

profit margin is 16.0 %

gross profit rate  is 39.6 %

Explanation:

given data

net sales = $248,700

cost of goods sold = $146,900

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net income = $39,900

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ending total assets of $635,400

to find out

profit margin and gross profit rate

solution

we will apply here profit margin formula that is

profit margin = \frac{net income}{sale} * 100      ..............1

put here value

profit margin = \frac{39900}{248700} * 100  

profit margin = 16.04 = 16.0 %

and

gross profit rate formula is

gross profit rate  = \frac{sales - cost of good }{sale} * 100    ..............2

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gross profit rate  = \frac{245700 - 146900}{248700} * 100

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5 0
3 years ago
If the price of a product increases, then the budget line rotates and the optimal quantity demanded, which corresponds to the hi
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Answer:

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If price of a product increases, the consumer can consume lesser amount of the product due to higher prices . So, the budget line rotates inwards (leftwards / downwards) on the corresponding x / y axis denoting that good.

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3 years ago
Finishing Touches has two classes of stock authorized: 7%, $10 par preferred, and $1 par value common. The following transaction
valentinak56 [21]

Answer:

Total Stockholders' Equity = $2,334,370

Explanation:

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From the attached excel file, we have:

Total Stockholders' Equity = $2,334,370

Download xlsx
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