Answer:
The total revenue needed to break even is $206.90 per day
Explanation:
The break even point of revenue is the total revenue earned by the firm where total revenue equals total cost and there is no profit or no loss. The break even in dollars can be calculated using the following formula,
Break even in dollars = Fixed cost / Contribution margin ratio
Contribution margin ratio = (Selling price per unit - variable cost per unit) / Selling price per unit
Contribution margin ratio = (40 - 11) / 40 = 0.725 or 72.50%
The fixed cost per day is the cost of the vending space of $150.
Break even in dollars = 150 / 0.725 = $206.896 rounded off to $206.90
Answer:
Net operating income= $3,152
Explanation:
Giving the following information:
Job 245 was completed on September 14 and the client was billed at cost plus 40%.
Job 245:
Direct Materials= $6,700
Direct Labor= $2,300
Overhead= 0.60*2300= $1,380
Total cost= $10,380
Sales= 1.4*10380= $14,532
Cost od goods sold= 10380
Gross profit= 4152
Selling and administrative expense= 1000
Net operating income= $3,152
Answer:
Explanation:
Considering the listed options, the criteria used in conditional formatting are Less than, Equal to and Greater than
To make use of conditional formatting, follow the highlighted steps
1. Highlight cells that you want to format
2. Goto Home tab -> Styles -> then select Conditional Format
3. Select Highlight Cells Rules
4. Select the format type (this is where you get to pick either of greater than, equal to less than, etc.)
5. Enter the format value and how it is to be formatted
6. Press OK
Answer: Charge a lower price after half-time
Explanation: Law of diminishing marginal utility holds that as the consumer consumes more and more units of a commodity, the incremental satisfaction derived from the successive units begins to fall after a certain point. Thus, as marginal utility begins to fall the persons willingness to pay shall also decline for the successive units. Therefore, the seller must sell the pop-corns at a lower price after half-time.
The answer is adopting bylaws. In addition, unlike the articles of incorporation the bylaws are not public records and classically do not have to be gather in a line with any governmental unit. The bylaws will be accepted by the directors of the corporation at their first board meeting or accepted by the deed of incorporator and then accepted at the first board conference.
