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
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.

You might be interested in
Pratique Solutions offers jobs that require creativity and hires people who are enthusiastic and friendly. Their pay scale meets
zysi [14]

Answer: pay satisfaction and promotion satisfaction

Explanation:

The Job Descriptive Index is designed in order to determine the satisfaction of employees with their jobs.

Since the company's pay scale meets the industry norm but does not exceed it, and the managers tend to stay at the same job level for a long time, then the company will score low on in a JDI survey in the area of pay satisfaction and promotion satisfaction.

3 0
3 years ago
Abardeen Corporation borrowed $90,000 from the bank on October 1, 2018. The note had an 8 percent annual rate of interest and ma
Vitek1552 [10]

Answer:

$0

Explanation:

Data provided in the question

Borrowed amount from the bank = $90,000

Annual interest rate  = 8%

Maturity date = March 31, 2019

Since it is mentioned in the question that, the interest and the principal were paid in cash on the maturity date so for the amount of cash that Abardeen had to pay for 2018 interest would be zero as the principal and the interest is paid for 2018

7 0
3 years ago
Bailey, Inc., is considering buying a new gang punch that would allow them to produce circuit boards more efficiently. The punch
cricket20 [7]

Answer:

a) Present value of the investment: $198,936

b) if the present worth of the investment which are discounted at MARR rate is positive, the investment is worth investing, while if the present value of the investment is negative, Investor should not invest.

c) As calculated in (a), present value of the investment is $198,936, Bailey should buy the gang punch

Explanation:

Please find detailed of calculation in (a) which is shown as below:

Present value =  Present value of saving in raw material - Present value of increase in labor cost - Initial investment = [ (12,250/ 5%) x (1-1.05^-15)] -  [ (3,200/ 5%) x (1-1.05^-15)] - 105,000 = $198,936.

7 0
3 years ago
Bank customers should reconcile their records frequently with ________ to prevent their checks from ________.
maxonik [38]
Bank customers should reconcile their records frequently with bank statements to prevent their checks from bouncing. They should frequently check the record of their balance in the account and the transactions being made to make sure that th checks they issue will still be valid.
3 0
3 years ago
During 2020, Leisel, a single taxpayer, operates a sole proprietorship in which she materially participates. Her proprietorship
spayn [35]

Answer:

i think it is $98,602

Explanation:

6 0
2 years ago
Other questions:
  • Chocolate Co. reports the following information from its sales budget: ​ Expected sales:
    14·1 answer
  • PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)
    6·1 answer
  • After considering options, a student using the problem-solving process should next
    7·2 answers
  • Higado Confectionery Corporation has a number of store locations throughout North America. In income statements segmented by sto
    5·1 answer
  • Typically, how many weeks of vacation do working americans receive at their full-time job?
    14·1 answer
  • The local Kennel Club is a not-for-profit organization with gross receipts of $23,500 for the current tax year. Under the Intern
    5·1 answer
  • Tariffs, quotas and subsidies are examples of
    13·1 answer
  • When inflation was expected to be high and it turns out to be low, wealth is redistributed from debtors to creditors. / true or
    10·1 answer
  • The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year: Common
    15·2 answers
  • Time value of money is an important aspect of money management. Why is it important to know what interest rates, terms of an agr
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!