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bulgar [2K]
3 years ago
7

Suppose a company is currently manufacturing 39 smartphones per day. The variable cost is $120 per smartphone with daily fixed c

osts totaling $684. What is the least number of smartphones that need to be produced each day in order to sell the smartphones for $132 each and earn a profit? radioImage a) 55 radioImage b) 53 radioImage
Business
1 answer:
Vitek1552 [10]3 years ago
7 0

Answer:

57 smartphones per day

Explanation:

contribution margin per each smartphone = $132 - $120 = $12

total daily fixed costs = $684

break even point in units = total fixed costs / contribution margin per unit = $684 / $12 = 57 smartphones per day

break even in $ = 57 x $132 = $7,524 total daily sales

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During 2018, Hardy Merchandising Company purchased $19,000 of inventory on account. Hardy sold inventory on account that cost $1
choli [55]

Answer:

a-

[Find solution in the attachment]

a- 2)

Balance of accounts receivable at the end of 2018 = $2,400

Solution b:

Balance of accounts payable at the end of 2018 = $7,100

Solution c:

Gross margin = Sales - COGS = $21,400 - $14,300 = $7,100

Net Income = Gross margin - Operating expenses = $7,100 - $3,900 = $3,200

Solution d:

Cash flow from operating activities = Cash received from customer - Cash paid for accounts payable - Cash paid for operating expenses = $19,000 - $11,900 - $3,900 = $3,200

3 0
3 years ago
7. The business cycle depicts: A. fluctuations in the general price level. B. the phases a business goes through from when it fi
sattari [20]

Answer:

D) short-run fluctuations in output and employment

Explanation:

The business cycle and the economic cycle are basically the same thing. They both refer to the fluctuations (growth and shrinkage) of the gross domestic product. It is usually divided into 4 periods:

  • Expansion: the economy is growing, GDP is increasing, total economic output increases.
  • Crisis: economic growth stops, and the GDP starts to fall
  • Recession: the economy starts to shrink, and the GDP decreases. Total economic output decreases, as well as prices.
  • Recovery: the economy hits a low point, and then starts to bounce back.

7 0
3 years ago
What Cookery method is used for a matured poultry? <br>​
Illusion [34]

Answer: Young poultry is best for roasting, broiling, and frying. Older poultry requires braising or stewing methods. Either way, slow, even heat should be used for tender, juicy, evenly done poultry.

7 0
3 years ago
Select the correct answer from each drop-down menu.
guajiro [1.7K]

Answer: 1

Explanation:

6 0
3 years ago
Neosho Corporation's Gauge Division manufactures and sells product no. 24, which is used in refrigeration systems. Per-unit vari
tester [92]

Answer:

(a) Refrigeration would be willing to pay a maximum of Rate 36 to gauge division for unit. because its outside purchase price.  (b) $30  (c) $40  (d) $35

Explanation:

Solution

Given that:

(A)  The Refrigeration would be willing to pay a maximum of Rate 36 to gauge division for unit. because its outside purchase price.

(B) If Gauge had excess capacity, The Division's Management set the transfer price would be $30. this is because transfer price be set as sum of Total Outlay cost and Opportunity Cost. So, ($23 + $7) + $0 = $30

(C) iF Gauge had no excess capacity, the transfer price would be $40.

The Calculation of Transfer price is as follows:

($23 + $7) = $30

Add :- ($40 - $23 -$7) = $10

Hence, the transfer Price = $40

(D) If Gauge was able to reduce the variable cost of internal transfers b $5 per unit then Transfer Price Would be $35.

Thus,

The calculation of transfer price is as follows:-

($23 + $7 - $5) = $25

Add :- ($40 - $23 -$7) = $10

The transfer Price = $35

7 0
4 years ago
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