Answer:
1. 120 hot dogs per day
2. $1,920
3. Inelastic
4.200
Explanation:
1. Break even is a term given to a situation where there is no profit or loss made by an organization for product sales.
Formula is;
Fixed cost /contribution per unit, where contribution per unit is selling price - variable price.
Solution.
Since Total fixed cost =$1,200, Selling price=$16, Variable costs=$6
=Fixed costs/(Selling price - Variable costs).
= $1,200/($16 - $6)
=$1,200/$10
=120 hot dogs.
2. Break even point in dollar sales volume. This refers to the number of products that would be produced and sold to cover production cost.
Formular is ;
Fixed cost/contribution per unit× Sales price per unit.
Solution
=Fixed costs/(Selling price - Variable costs)× Selling price.
=$1,200/($16 - $6)×$16
=$1,200/$10×$16
=$1,200×$16/$10
=$19,200/$10
=$1,920
3. The demand would be inelastic. Inelastic demand is when the demand of buyers does not change as much as changes in price.
4. Achieve level of sales target. This is when management wanted to know the sales level at which targeted profit will be achieved.
Formula
Fixed costs + Target profit/Contribution per unit
Solution.
=Fixed costs + Target profit/(Selling Price - Variable costs)
= $1,200 + $800/($16-$6)
=$1,200 + $800/($10)
=$2,000×/$10
=$200
=200 cases would needed to sell
Answer: D:to know how much money she has for budgeting
Explanation:
The options include:
A:to organize when to pay to bills
B:to determine the exact date she can retire
C:to ensure she's paying her fair share in taxes
D:to know how much money she has for budgeting.
The best reason for Nina to monitor her bank account statements online or on her cell phone app is to know how much money she has for budgeting.
Monitoring ones account online will enable one to know the amount that one has in the account and this can ensure that one makes adequate plans on how to spend the money through budgeting.
Answer:
True
Explanation:
Profit per hour on sweater = 60/3 = 20
Profit per hour on pants = 50/2 = 25
It makes more sense to devote my time to making pants, so the right answer is True. A caveat though, in one hour one pair of pants won't be produced, as it takes two hours to produce one pair.
Answer:
Sumika has to file tax return since the income she earned from her internship of $12,400 is greater than the threshold for earned income which is $12,200.
Explanation:
A tax return is a form that needs to be filed by with a taxing authority as proof of income, expenses and tax deductions. The tax returns allow the tax payer to determine how much tax they are required to pay, when to make such payments and refunds for paying above the required amount. Nit everyone is eligible to file for tax returns depending on the individual and the laws governing tax payments. In the U.S for example, the are factors that determine whether your are eligible to file tax return or not. They are;
1. If one is listed as a dependent
2. Marital status; married or single
3. Age
4. Whether one is blind or not
So the gross income of an individual is checked against the above factors for that particular individual to determine the minimum threshold within which he/she should file tax returns. Generally anyone who is single, or someone claims you as a dependent, or you are not 65 or older or blind you can file your tax returns depending on your income. If your unearned income is greater than $1,100 and your earned income is also greater than $12,200, then you are eligible for filing tax returns. Unearned income is income generated from investments not directly related to employment while earned income is income that one has to work for. Sumika, James, Sean, and Amy's income is earned income. The only person who is suppossed to file tax returns is Sumika since her income ($12,400) is greater than the threshold for earned income ($12,200).
In a case whereby mazda once included a solar powered ventilation system on its cars. a solar panel on the roof powered a pair of fans near the trunk, this is an example of Lean manufacturing.
<h3>What is Lean manufacturing?</h3>
Lean manufacturing can be described as the methodology whioch ius been used by the company so as top be able to minimize waste within manufacturing systems.
It should be noted that with this miniumization thjat is been done, there is simultaneously maximization of productivity howevr the Waste caqn be described as the thin gs that do not go well with the customers or those things that dop not adds value and are not willing to pay for.
In conclusion, the Lean manufacturing can be descroibed as the type of manufacturing that canm be use toi factor out the waste during the manufacturing so as to be able to improve the productivity as well as efficiency.
Learn more about Lean manufacturing at:
brainly.com/question/14069206
#SPJ1
