Answer:
- a. <em>Break-even quantity:</em> <u>28,000 pens</u>
- b<em>. Price</em>: <u>$1.51 per pen</u>
Explanation:
1. Break-even quantity
<u>a) Revenue, R(x)</u>
The monthly revenue is the product of the price by the number of units sold in the month.
Naming x the number of pens sold in the month:
<u>b) Cost, C(x)</u>
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The monthly cost is the sum of the fixed cost per month plus the variable costs:
- C(x) = $21,000 + 0.25 × x = 21,000 + 0.25x
<u>c) Break-even</u>
Break-even is the point when the revenue and the total costs are equal, this is, when the profit is zero. Write the equation and solve:
Hence, the break-even quantity is 28,000 pens.
2. Price pens must be sold to obtain a monthly profit of $18,000
Profit = Revenue - Total cost
- P(x) = x.p - [ 0.25x + 21,000]
Where p is the price.
- P(x) = x.p - 0.25x - 21,000
Substitute the quantity demanded, x, with 31,000, and the profit, P(x) with 18,000:
- 18,000 = 31,000p - 0.25(31,000) - 21,000
Solve for p and compute:
- 31,000p = 18,000 + 7,750 + 21,000
That is $1.51 per pen.
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The information that the statement columns in the end-of-period spreadsheet mean to the accountant is the accounts have not been updated and a net income of $41,388. The correct option is b and c.
<h3>Who is an accountant?</h3>
An accountant is a person who manages and calculates the accounts or finance of a company, a firm, or a person. He calculates the capital of the person, manage taxes and give advice about the finance of the person.
Given that, debits are $26,754 and credits are $68,142. If we subtract the debit from the credit. We see a net income of $41,388.
Thus, the correct option is b. the accounts have not been updated. c, net income of $41,388.
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The key is efficiency. Ford and his business were captains of efficiency, from mass manufacturing via the factory line to economical individual effort. Ford Motor Company produced cars swiftly assembly line.
<h3>How a business becomes successful?</h3>
The most prosperous organizations place a high priority on providing excellent customer service and a great client experience. Making goods and services that consumers demand is the first step. However, concentrating on your clients goes beyond you products.
<h3>What does a successful business look like?</h3>
Instead of focusing on earning short-term benefits, successful businesses are focused with establishing long - term profits and creating sustainable growth. By creating new goods or services that satisfy customers, successful businesses are able to effectively address the changing wants of their clients.
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Answer:
The duties under the teaching contract cannot be delegated
Explanation:
The person wit whom the school has a binding agreement was Teresa and contract of services cannot be delegated unilaterally by Teresa to her friend Shirley without consulting the school authority.
The appropriate procedure would be for Teresa to discuss with the school her plans to let Teresa to cover up for her absence,however, if the school accepts the new arrangement , Teresa would need to be relieved of her duties as this would be a permanent substitution.
