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damaskus [11]
3 years ago
12

Question 3 4 Marks Mi Tierra Driving School charges $680 per student to prepare and administer written and driving tests. Variab

le costs of $408 per student include trainers’ wages, study materials, and gasoline. Annual fixed costs of $63,920 include the training facility and fleet of cars. Requirements 1. For each of the following independent situations, calculate the contribution margin per unit and the breakeven point in units by first referring to the original data provided: a. Breakeven point with no change in information. b. Decrease sales price to $544 per student. c. Decrease variable costs to $340 per student. d. Decrease fixed costs to $53,040.
Business
1 answer:
irina1246 [14]3 years ago
4 0

Answer:

Results are below.

Explanation:

Giving the following information:

Selling price= $680

Unitary variable cost= $408

Fixed cost= $63,920

<u>To calculate the contribution margin and break-even point in units, we need to use the following formula:</u>

Unitary contribution margin= selling price - unitary variable cost

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

<u>a:</u>

Unitary contribution margin= 680 - 408= $272

Break-even point in units= 63,920 / 272

Break-even point in units= 235

<u>b:</u>

Unitary contribution margin= 544 - 408= $136

Break-even point in units= 63,920 / 136

Break-even point in units= 470

<u>c:</u>

Unitary contribution margin= 680 - 340= $340

Break-even point in units= 63,920 / 340

Break-even point in units= 188

<u>d:</u>

Unitary contribution margin= 680 - 408= $272

Break-even point in units= 53,040 / 272

Break-even point in units= 195

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Answer:

d. both b and c

A foreign bond is when a foreign entity issues a bond in a local market and in local currency so for example if a Italian company issued a bond to borrow money from American markets, and the bond was issued in USA and it's currency was dollars then it would be classified as a foreign bond so in this case both B and C are correct because a German MNC issuing dollar denominated bonds is an example of a foreign entity issuing a bond in a local market denominated in local currency, and a bond issues by a foreign borrower to investors in national market and denominated in that nation's currency is also an example of a foreign bond

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2 years ago
A partnership began its first year of operations with the following capital balances: Young, Capital $ 143,000 Eaton, Capital $
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From the information given, the balance that will be in the capital account of Thurman at the end of the second year will be $132860.

The partners account at the end of the second year for Thurman will be calculated thus:

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Therefore, the balance in the account will be $132860.

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5 0
2 years ago
Cheizza, a pizza vendor in the country of Wisbane, believes that the taste of fresh cheese in its pizzas is its unique selling p
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Answer: Option (a) is correct.

Explanation:

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We know that cheese is made up from milk and milk is used as an input for the production of cheese. But milk is a raw material and limited in quantity to meet this demand.

Cheizza also knows that cheese is used in the pizzas, hence, if there is any changes in the supply of cheese, as a result it directly affects the demand for pizzas.

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2 years ago
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Individuals who buy lottery tickets on a regular basis are usually on a __________ schedule of reinforcement.
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variable-ratio

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4 0
3 years ago
Microtech Corporation is expanding rapidly and currently needs to retain all of its earnings, hence it does not pay dividends. H
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Answer:

Di = dividend in year i

D0 = D1 = D2 = 0

D3 = 2

D4 = D3 * (1+24%) = 2.48

D5 = D4 * (1+24%) = 3.0752

D6 = D5 * (1+7%) = 3.290464

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g = 7% in the long run

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Current price = Present value of dividends and stock

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= 28.829219

= 28.83 (rounded to 2 decimals)

Explanation:

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3 years ago
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