You will have to produce : 18 vases to make a profit
<u>Given data</u>
Monthly fixed cost = $22000
unit price of vase = $240
cost per shirt = 40% * $240 = $96
<h3>Determine the number of vases to be produced</h3>
To make a profit ; revenue has to greater than cost
Total cost = 22,000
unit costs : vase = $240 , shirt = $96
Total number of shirts and vase bought = 22000 / ( 240 + 96 )
= 22000 / 336 ≈ 65
Therefore number of vase you need to buy will be 2.5 times lower than the shirts because of the unit cost
x ( number of vase ) = 65 / 3.6 ≈ 18 vases
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Here is the solution on how much the total amount that Lisa paid:
<span>The total amount for all the items is $53: $10 + $20 + $23 = $53
Now, 7.2% = 0.072
Compute for the sales tax of each item:
$10 x 0.072 = .72
$20 x 0.072 = 1.44
$23 x 0.072 = 1.66
The total sales tax would be: .72 + 1.44 + 1.66 = $3.82
Now add the Sales tax to the total price of the items. $53 + 3.82 = $56.82
</span>Therefore, Lisa paid $56.82.
Answer:
Explanation:
The journal entry is shown below:
Interest expense A/c Dr $3,000
To Interest payable A/c $3,000
(Being interest is recorded)
The computation of the interest expense is shown below:
= Principal × rate of interest × number of months ÷ total number of months in a year
= $125,000 × 6% × (4 months ÷ 12 months)
= $2,500
The four-month is calculated from the September 1 to December 31
Answer:
Tax liability with proper financial planning can minimise
Explanation:
Financial planning is an important factor that can help to solve various financial problems. Proper financial planning helps to maintain a schedule to pay the debts/liabilities and enough cash to operate and handle daily operation. Without proper financial planning, liabilities can rise to an alarming level which usually leads to financial discrepancies and ultimately bankruptcy.