To find: Breakeven point (in units)
Given: Number of hams sold = 11000
Sales revenue = $220,000
Variable cost = $55,000
Fixed cost = $24,000
Solution: Break-even point (in units) can be calculated as:-
Fixed costs / (sales price per unit-variable costs per unit)
Fixed costs = $24,000
Sales price per unit = total sales revenue/number of units = 220000/11000 =
$20
Variable costs per unit = total variable cost/number of units = 55000/11000 = $5
Putting values in the formula,
=24000 / (20-5)
=24000/15
=1600
Breakeven point (in units) = 1600 units
Answer:
The correct answer is: because it benefits some consumers who are voters.
Explanation:
A politician will be concerned about his votes. He accordingly will make policies to appease voters.
A price ceiling keeps price level from rising beyond a certain limit, thus consumers will be able to consume at lower prices.
Removal of price ceiling may hurt these consumers as they will need to pay higher prices.
These consumers are also voters and politician do not want them to be favored by them.
So, the politician will find it difficult to remove a binding price ceiling.
Answer:
Webster Corporation
Amount to borrow in April
B) $21,600.
Explanation:
a) Webster Corporation
Cash Budget for the month of April
Beginning Cash balance $36,400
Cash receipts 641,000
Total receipts $677,400
Cash expenses:
Purchases $608,500
Others 27,000
Selling & Admin. 33,500 669,000
Balance 8,400
Borrowing 21,600
Minimum cash balance $30,000
b) Webster's cash budget for April shows that it needs to borrow $21,600 in order to meet the minimum cash balance of $30,000. This is because the company does not generate enough cash in April to pay for expenses and meet minimum requirements for cash balance every month. The preparation of Webster Corporation's Cash Budget is a way of planning for the occurrence of the cash shortage that necessitated the borrowing.
Answer:
Unsecured Loan
Explanation:
Unsecured Loan is the loan which is approved by the bank without the requirement of collateral. Rather pledging the asset, borrower need to qualify grounded on their income and the credit history.
In this scenario, Zachary who is a graduate took a loan which is not backed by any asset and he fails to pay the loan. It is a kind of unsecured loan.
it's an example of capital
