1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kitty [74]
3 years ago
10

Quail, Inc., has a contribution margin of 40% and fixed costs of $121,840. What is the break-even point in sales dollars

Business
1 answer:
ankoles [38]3 years ago
5 0

Answer:

$304,600

Explanation:

Break-even point = Fixed cost / Contribution margin

Break-even point = $121,840 / 0.4

Break-even point = $304,600

Therefore, the break-even point is $304,600

You might be interested in
Suppose the currency-to-deposit ratio is 0.25, the excess reserve-to-deposit ratio is 0.05, and the required reserve ratio is 0.
Lana71 [14]

Answer:

Money multiplier, MM = (1 + Currency-deposit ratio) / (Currency-deposit ratio + Excess reserve ratio + Required Reserve ratio)

(a) Initially,

MM = (1 + 0.25) / (0.25 + 0.05 + 0.10) = 1.25 / 0.4 = 3.125

(b) Currency-deposit ratio = 0.3

MM = (1 + 0.3) / (0.3 + 0.05 + 0.1) = 1.3 / 0.45 = 2.89

(c) Excess reserve ratio rises to which number? MM cannot be computed unless exact number is provided.

7 0
3 years ago
Capacity management, denominator-level capacity concepts. Match each of the following numbered descriptions with one or more of
arsen [322]

Answer:

1. Theoretical and Practical capacity: Measures the denominator level in terms of what a plant can supply

2. Theoretical capacity: Is based on producing at full efficiency all the time.

3. Master-budget capacity utilization: Represents the expected level of capacity utilization for the next budget period.

4. Normal and Master-budget capacity: Measures the denominator level in terms of demand for the output of the plant.

5. Normal capacity utilization: Takes into account seasonal, cyclical, and trend factors.

6. Master-budget capacity utilization: Should be used for performance evaluation in the current year.

7. Theoretical capacity: Represents an ideal benchmark.

8. Theoretical and Practical capacity: Highlights the cost of capacity acquired but not used.

9. Master-budget capacity utilization: Should be used for long-term pricing purposes.

10. Normal and Master-budget capacity: Hides the cost of capacity acquired but not used.

11. Theoretical and Practical capacity: If used as the denominator-level concept, would avoid the restatement of unit costs when expected demand levels change.

Explanation:

Capacity is the maximum level of output that an organization can optimally sustain, to produce goods or provide service to meet it's customer demands.

The denominator-level capacity is a concept used under the capacity management. Denominator-level capacity concept is used to ascertain the capacity level that is considered for analyzing a production process or business operations. They are classified as follows;

i. Normal capacity utilization is based on the level of capacity utilization which satisfy the average customer demand periodically such as trend, cyclical and seasonal factors.

ii. Master-budget capacity utilization is based on the level of capacity expected for the current budget period, typically a year.

iii. Theoretical capacity is the denominator-level concept based on producing continuously at full efficiency.

iv. Practical Capacity is based on the level of capacity that involves unavoidable operating interruptions, such as scheduled equipment maintenance or repair time, holiday shutdowns etc.

7 0
3 years ago
Innovation and enterprise can help to develop new and niche markets - True or False?
umka21 [38]

Answer:

True.

Explanation:

A radical innovation also known as the disruptive innovation is an innovative approach aimed at destroying or supplanting old business strategies and models with an invention to breakthrough and change the whole industries by creating new products.

Hence, an innovation and enterprise can help to develop new and niche markets as the business would be starting afresh and offering new products and services to meet the unending needs or requirements of its customers.

3 0
3 years ago
The next dividend payment by Hoffman, Inc., will be $2.65 per share. The dividends are anticipated to maintain a growth rate of
-Dominant- [34]

Answer: 6.42%

Explanation:

To calculate this, we use the formula for the Dividend Discount Model/ Gordon Growth Formula as follows:

P = D1/(r - g)

Where,

P = current stock price

D1 = Next dividend

r = required return

g = growth rate

We can make r the subject of the equation by,

P = D1/(r - g)

P(r - g) = D1

r - g = D1/P

r = D1/P + g

Calculating therefore we have,

r = 2.65/43.15 + 0.045

= 0.06417728852

= 6.42%

6.42% is the required return.

If you need any clarification do comment.

5 0
3 years ago
At a price of $15 each, Marta buys 4 books per month. When the price increases to $20, Marta buys 3 books per month. Luz says th
Lapatulllka [165]

Answer:

No, Luz is incorrect. Marta's quantity demanded has decreased, but her demand has stayed the same.

Explanation:

For $15 per book, the quantity demanded was 4 books per month.

When the price increases to $20 per book, the quantity demanded fell to 3 books per month.

This shows a decrease in the quantity demanded. A change in demand occurs when the price is constant and quantity demanded changes because of change in other factors. But here the other factors are constant and the quantity demanded is changing due to a change in price.

So, Luz's statement here is incorrect.

4 0
3 years ago
Other questions:
  • The transaction price excludes discounts, volume rebates, coupons and free products, or services.
    5·1 answer
  • Your employer contributes $60 a week to your retirement plan. assume you work for your employer for another 20 years and the app
    7·1 answer
  • a sound pulse takes 0.06s to reach the far end of the room and come back. what is the length of the room if the speed of sound i
    12·1 answer
  • The SOC categorizes occupations according to _____.
    10·1 answer
  • To encourage employee ownership of the company's common shares, KL Corp. permits any of its employees to buy shares directly fro
    6·1 answer
  • Well organized buisiness writing uses short sentences and paragraphs. True or False?
    8·1 answer
  • The transportation model, when applied to location analysis: maximizes revenues. minimizes total fixed costs. minimizes total pr
    10·1 answer
  • What is the routine business of fmcg
    5·1 answer
  • Concord Corporation is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Concord made
    11·1 answer
  • In practice, items such as wood screws and glue used in the production of school desks and chairs would most likely be classifie
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!