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Hatshy [7]
3 years ago
6

Assume the following information for a company with only two products: Product A Product B Total Sales $ 600,000 $ 400,000 $ 1,0

00,000 Variable expenses $ 200,000 $ 100,000 $ 300,000 If the break-even sales point is $580,000, then what is the total amount of fixed expenses
Business
1 answer:
Mice21 [21]3 years ago
8 0

Answer: $406,000

Explanation:

The following can be deduced from the question:

Total sales = $1,000,000

Variable cost = $300,000

Contribution = Sales - Variable cost

= $1,000,000 - $300,000

= $700,000

Contribution ratio = $7000,00/$1,000,000 × 100 = 70%

Fixed cost = $580,000 × 70%

= $580,000 × 0.7

= $406,000

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Explanation:

Sole Propietorship:

Individual ownership is a form of business that is facilitated, where there are not so many rules and formalities and taxes are paid on the company's income. In this business model, there is a single owner of the enterprise who manages the business and is the only one responsible for the company's debts and profits.

The advantages are: low opening cost, low taxes, greater control, easier selling

The disadvantages are: greater liability for debts, less attraction for investors

Partnership:

A partnership is a business model where two or more people come together to open a new business together. Which means sharing responsibilities arising from the business.

The advantages are: less formality than a limited partnership, more simplified accounting, shared responsibilities, easier opening that can be agreed in writing.

The disadvantages are: conflicts over business disagreements, personal conflicts can hinder business, lack of stability, debt sharing

Corporation:

A company is a legal entity, which separates itself from its owners and acquires its own legal responsibility.

The advantages are: tax benefits, less personal responsibility, greater investment attraction, greater capital generation.

The disadvantages are: greater formalization, greater need for capital, greater inspection, greater payment of taxes, greater social and environmental responsibility.

<u><em>What do you think of the proposed name for the business, The Style Shop?</em></u>

The proposed name for the business should be a more specific name, as the name is very generic, there is no specificity that guarantees greater clarity about what the business offers and for whom. An ideal name should be more focused on your potential audience and easier to identify.

3 0
3 years ago
Johanna Taylor, a creative developer at Leo Technologies Inc., is developing a website for the company. To address the usability
Fiesta28 [93]

Answer:

Design

Explanation:

Johanna Taylor, a creative developer at Leo Technologies Inc., is developing a website for the company. To address the usability needs of website visitors, she ensures that visitors would be able to easily locate what they need on the website. She avoids flashy graphics and chooses a font with high readability. Joanna is most likely in the design stage of the Soft ware development life-cycle.

The Design stage of Software Development Life Cycle is the crafting phase where a developer like Johanna Taylor in the scenario, would ensure that the features of the software meets the requirements and purpose of developing the software

6 0
3 years ago
Lin’s Dairy uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the b
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What amount should be recorded as Bad Debt Expense for the current year?
Not yet due:
22,000
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Estimated Percentage Uncollectible: 14%
Estimated Amount Uncollectible:
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2800
Estimated Percentage Uncollectible: 34%
Estimated Amount Uncollectible: 952

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4 0
2 years ago
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MakcuM [25]

Answer:

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8 0
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The types of milatary are safe
goblinko [34]

Answer: US Air Force and Navy

Explanation:

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