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Reika [66]
3 years ago
7

​abby is marketing consultant who specializes in small businesses. her current client is very interested in estimating the costs

for the coming year, in order to find the breakeven point. abby knows this is an important financial statistic because below the breakeven point, the firm is operating
Business
1 answer:
Anton [14]3 years ago
6 0

Answer:

below the break even point, the firm is losing money.

Explanation:

The break even point is the output level at which the firm's revenue equals its costs. Above this level, the firm is operating at a profit, below this level, the firm is operating at a loss.

The formula for calculating break even point in units produced is:

break even point in units = total fixed costs / contribution margin per unit

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Delta Diamonds uses a periodic inventory sistem. The company had five one- carat diamonds available for sale this year: one was
blsea [12.9K]

Answer:

$2300

Explanation:

The FIFO method is one in which inventory purchased first is sold first. Given that the company had five one- carat diamonds available for sale this year: one was purchased on June 1 for $500, two were purchased on July 9 for $550, and two were purchased on September 23 for $600 each. On December 24, the one was purchased on June 1 for $500 was sold

Ending balance

= 2 * $550 + 2 * $600

= $1100 + $1200

= $2300

4 0
3 years ago
Explain the appearance of earthworm in brief​
andrew-mc [135]

Explanation:

An earthworm is a terrestrial invertebrate that belongs to the phylum Annelida. They exhibit a tube-within-a-tube body plan, are externally segmented with corresponding internal segmentation, and usually have setae on all segments. They occur worldwide where soil, water, and temperature allow

5 0
2 years ago
Why might a business owner prefer to raise capital through a loan rather than through selling shares to an investor ?
MArishka [77]

Answer:

Shareholders can have control over business decisions. With a loan, all the owner owes is principle and interest

7 0
3 years ago
Jarvis is a coffee farmer who wants to hedge his entire coffee crop that will be harvested by September. The December coffee con
aleksandr82 [10.1K]

Answer: Sell four December coffee future contracts at $2.00 per pound

Explanation:

Based on the scenario in the question, the number of contracts that is required for hedging the entire crop will be gotten by dividing the total number of crops by the pounds that are available in one contract. This will be:

= 150,000/37,500

= 4 contracts

Therefore, the answer will be for Jarvis to sell four December coffee future contracts at $2.00 per pound

6 0
3 years ago
Government programs that compensate farmers for not planting crops on all their land : hurt farmers by lowering their total reve
Zolol [24]

Answer:

Help farmers by increasing total revenue in the market but hurt consumers by raising food prices

Explanation:

Farm subsidies are expensive for taxpayers while also harming the economy and the environment. These government programs restrict farmers from wanting to innovate, cut costs, diversify their use of the land, and perform other necessary actions that bring them economic prosperity. This affects customers by raising food prices.

3 0
3 years ago
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