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
Valentin [98]
3 years ago
8

Greg Winston has gone bankrupt and started a lemonade stand. He has invested $400 in lemonade equipment, and he sells a glass of

lemonade for $4. His unit cost of producing a cup of lemonade is $2.50. How many glasses of lemonade must Greg sell to generate a profit of $300?
Business
1 answer:
juin [17]3 years ago
5 0

Answer:

See below

Explanation:

We will apply the formula below to compute the above given information.

= (Fixed cost + Desired profit) / Contribution margin

Given that;

Fixed cost = $400

Desired profit = $300

Contribution margin = Unit selling price - Unit variable cost = $4 - $2.5 = $1.5

Therefore,

= ($400 + $300) / $1.5

= $700 / $1.5

= 466.67

Therefore, Greg must sell 466.67 units of lemonade glasses to generate a profit of $300

You might be interested in
What is the set of rules that determines how sales and conversions get credited based on touch-points in the conversion path?
o-na [289]

Answer:

A) Attribution modeling

Explanation:

The attribution model in Google analytics is the set of rules that determine how credit for sales and conversions is assigned to touchpoints (clicks) in conversion paths.  Different attribution models affect the conversion values of a company's marketing channels in different ways. Some attribution models favor channels that initiates conversion paths while others favor the last channels.

There are seven attribution models, for example: the last interaction model assigns 100% credit to the final touchpoints that immediately precede sales, or the last Google Ads click model assigns 100% credit to the paid search channel.

5 0
3 years ago
Cost $7.20 $11.00 $11.75 $6.30 $7.65 Net realizable value 8.95 10.20 13.35 5.50 6.80 Net realizable value less normal profit 8.3
Dmitrij [34]

Answer:

I used an excel spreadsheet to calculate each unit's ending inventory price:

Product 1 = $7,20

Product 2 = $10,20

Product 3 = $11,75

Product 4 = $5,25

Product 5 = $5,60

Download pdf
3 0
3 years ago
Suppose that in a particular market, the supply curve is highly elastic and the demand curve is highly inelastic. If a tax is im
kifflom [539]
The buyers will bear a greater burden of the tax then the sellers.
8 0
3 years ago
When serving apple slices, its important to have which of the following ingredients on hand?
KiRa [710]

It all depends on what you are striving to achieve....but lemon juice will keep the apples from turning brown.

4 0
3 years ago
Read 2 more answers
Why is it important to conduct market research on your target audience before building your marketing plan?
Tcecarenko [31]
Conducting market research on your target audience before building a marketing plan allows you to understand your customers/clients and their needs. By completing a marketing plan that includes demographical research as well as spending and purchasing goals and plans, you can understand how to adjust each of the 4 Ps (Price, Place, Promotion, and Product) to create value for your customers and differentiate your product in the marketplace. 
3 0
3 years ago
Other questions:
  • Your client noticed last month that his ad often showed up beside another advertiser’s ad for the same search terms. how can you
    6·1 answer
  • Lena Holden began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During J
    13·1 answer
  • If a profit-maximizing, competitive firm is producing a quantity at which marginal cost is between average variable cost and ave
    14·1 answer
  • The purchase of common stock gives the holder (a) rights to residual cash flows (b) access to monthly Board of Director’s meetin
    13·2 answers
  • Christie has just started with a travel agency. and she has been offering clientsand prospective clients a range of packaged tou
    5·1 answer
  • A decrease in the real wage rate decreases consumption and has an ambiguous effect on labor supply. has an ambiguous effect on b
    8·1 answer
  • You present strong arguments to college students to support your claim that tuition and fees at state colleges are too high. you
    5·1 answer
  • The capital accounts of Hawk and Martin have balances of $160,000 and $140,000, respectively, on January 1, the beginning of the
    7·1 answer
  • Month Maintenance Machine Health Number of Shipping Units
    14·1 answer
  • is it hard to get a job at chik fil a? kinda stupid question ik, I just really need money. if so any recommendations? ​
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!