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RideAnS [48]
3 years ago
10

Suppose a company has $200 in fixed costs and $40 per unit in variable costs. The company sold 10 items for a total of $1,000. H

ow much of a net profit or loss did this sale produce?
Business
1 answer:
pychu [463]3 years ago
8 0

Answer:

The $400 is the net profit.

Explanation:

For computing the net profit we apply the equation which is shown below:

Net profit = Sales - variable cost - fixed cost

where,

Sales is $1,000

Variable cost = variable cost per unit × number of unit = $40 × 10 = $400

And we know that sales - variable cost = contribution

So, contribution would be $1000 - $400 = $600

And, the fixed cost is $200

So, the profit would be = Contribution - fixed cost

                                      = $600 - $200

                                      = $400

Hence, the $400 is the net profit.

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A cell phone company charges $1.25 for a long-distance phone call, plus an additional $0.15 per minute. If Kyle wants to spend l
Vesna [10]

Answer:

465 minutes or 8 hours and 15 minutes

Step-by-step explanation:

her monthly bill was 72.25 and she has to pay 2.50 per month

72.25 - 2.50 = 69.75

69.75/ 0.15 = 645 minutes

645 minutes/ 60 minutes= 7.75 = 8 hours 15 minutes

8 0
2 years ago
Assume the spot Swiss franc is $0.7000 and the six-month forward rate is $0.6950. What is the minimum price that a six-month Ame
Rama09 [41]

Answer:

2 cents

Explanation:

The spot price = $0.7000 = 70 cents, The forward rate = $0.6950 = 69.5 cents and the call option with striking price = $0.6800 = 68.00 cents

The annualized six month rate = 3 1/2 % = 3.5 %, therefore the rate = r/n, where n is the number of period per year = 2. Therefore r/n = 3.5% / 2 = 0.035 / 2 = 0.0175

The minimum price = Maximum (spot price - striking price, (forward rate - striking price) / (1 + 0.0175), 0) = Maximum(70 - 68, (69.5 - 68)/ 0.0175, 0)

Minimum price = Maximum (2 , 1.47, 0) = 2 cents

4 0
3 years ago
In which workplace are workers least likely to be injured by heavy equipment? a greenhouse a slaughterhouse a farm a quarry
Norma-Jean [14]
The answer is green house.
6 0
3 years ago
Read 2 more answers
On January 1, 2008. Titania, Inc. granted stock options to officers and key employees for the purchase of 20,000 shares of the c
Kryger [21]

Answer:

what do you want me to answer ?

Explanation:

7 0
3 years ago
Perfect Clean, Inc. provides housekeeping services. The following financial data have been provided.
ioda

Answer:

A) $38,650; 48.31%

Explanation:

The computation of the contribution margin and the contribution margin ratio is shown below:

Contribution margin = Service Revenue - Cleaning Supplies Used - wages expense

= $80,000 - $22,000 - $19,350

= $38,650

The variable cost is Cleaning Supplies Used + wages expense

And, the contribution margin ratio equals to

= (Contribution margin ÷ sales) × 100

= ($38,650 ÷ $80,000)  × 100

= 48.31%

7 0
3 years ago
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