The break-even sales (units) is 15000;
240000/(36-20)
At this moment, fixed and variable costs will be completely covered by sales revenue (income).
Be = FC/(SP - VC) FC = fixed costs SP = sale price VC = variable costs
More about break-even sales:
The revenue level at which a company makes no profit is known as break even sales. This sales quantity completely offsets all of the variable costs related to the sales as well as the underlying fixed costs of a business.
Knowing the break even sales level gives managers a benchmark for the minimal volume of sales that must be produced throughout each reporting period to prevent losses.
For instance, the break even level can be used to reduce fixed expenses to meet the anticipated level of future sales if a business slump is anticipated.
Learn more about break-even sales here:
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Answer:
$5,000
Explanation:
Although the limit for two qualifying children is the lesser of $6,000 or the actual expenses, the earned income limitation may apply. The amount of qualifying expenses can not exceed the earned income of the spouse with the lesser earned income, in this case, $5,000 .
Which is why the amount of the qualifying expenses for purposes of computing the child and dependent care credit is $5,000
Answer:
The alcohol beverages in a private club are owned by the members.
Answer:
(a) The effective annual interest rate for a 3-month T-bill selling at $97,270 with par value $100,000 is 11.71%
(b) The effective annual interest rate for a 13% coupon bond selling at par and paying coupons semiannually is 13.42%
Explanation:
(a) A 3-month T-bill selling at $97,270 with par value $100,000
EAR =![[par value /price]^n-1}](https://tex.z-dn.net/?f=%5Bpar%20value%20%2Fprice%5D%5En-1%7D)
n = 3 months or 12/3 = 4 times in a year
= ![[100,000/97,270]^4 - 1](https://tex.z-dn.net/?f=%5B100%2C000%2F97%2C270%5D%5E4%20-%201)
=![[1.028066]^4 -1](https://tex.z-dn.net/?f=%5B1.028066%5D%5E4%20-1)
= 1.1171 - 1
= .1171 or 11.71%
b) EAR(coupon bond) = ![[1+.13/2]^2 -1](https://tex.z-dn.net/?f=%5B1%2B.13%2F2%5D%5E2%20%20-1)
=![[1+.065]^2 -1](https://tex.z-dn.net/?f=%5B1%2B.065%5D%5E2%20-1)
= ![[1.065]^2 -1](https://tex.z-dn.net/?f=%5B1.065%5D%5E2%20-1)
= 1.1342 - 1
= .1342 or 13.42%
