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Delvig [45]
3 years ago
8

Ruben is a travel agent. He intends to sell his customers a special round-trip airline ticket package. He is able to purchase th

e package from the airline for $160 each. The round-trip tickets will be sold for $200 each and the airline intends to reimburse Ruben for any unsold ticket packages. Fixed costs include $5,200 in advertising costs. How many ticket packages will Ruben need to sell to break even
Business
1 answer:
mars1129 [50]3 years ago
7 0

Answer:

He would need to sell 130 ticket packages to break even

Explanation:

Breakeven quantity are the number of  units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit

Variable cost is cost that varies with output. If output is zero, no variable cost would be incurred.  

Fixed cost is cost that does not vary with output.

\frac{5200}{200 - 160}

\frac{5200}{40} = 130

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The costs attached to products that have not been sold are included in ending inventory on the balance sheet. True or false?.
e-lub [12.9K]

The statement is true. The costs attached to the products that have not been sold are included in ending inventory on the balance sheet.

The ending Inventory formula calculates about the value of goods available for sale at the end of an accounting period. Usually, it is used recorded in the balance sheet at a lower cost or the market value. It is also Known as Closing Stock. It  includes the  products getting processed or are being produced but not sold. The ending inventory figure is recorded under the assets column  in a company's balance sheet. The value of the asset reflects about  the current cost of goods held for sale in the future periods.

Learn more about Ending inventory

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2 years ago
After you open your new business is not the best time to
Reptile [31]
After you open your new business is not the best time to conduct research on your product.
During this time, it's best for you to allocate your resources to make improvement to your products and build a loyal consumer base

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7 0
3 years ago
Read 2 more answers
Which would be added in the Investing Activities section of the Statement of Cash Flows? Select one: a. Proceeds from Condemnati
Charra [1.4K]

Answer:

  • a. Proceeds from Condemnation of Land
  • c. Cash paid for unexpected major equipment repairs

Explanation:

The Cash Flow statement records only activities that affect the cashflow of the company. The Investing Activity section of the Cashflow statement deals with capital goods (PPE) and investments in other company securities.

The proceeds from land condemnation will go to the Investing activities section as it has to do with capital goods and the cash paid for unexpected major equipment repairs will see the equipment being used in the long term so it goes to Investing as well.

7 0
3 years ago
Santa Claus is trying to forecast demand for coal this Christmas. For the past 300 years, the numberof naughty children (who wil
Darina [25.2K]

Answer:

The correct answer is B. Trend analysis.

Explanation:

The trend analysis is the method of analysis that consists in observing the behavior of the different items of the Balance Sheet and the Income Statement, to detect some significant changes that may have their origin in administrative errors.

This method allows us to know the direction and speed of the changes that have occurred in the financial situation of the company over time, so it is considered as a method of horizontal analysis.

It helps us to detect failures; but it is only an exploratory method, so it is always necessary to investigate further to find the causes of the failures. It is necessary to determine the changes suffered in the balances of the financial statement items that we are interested in analyzing. The trend analysis allows us to know the financial development of a company.

3 0
3 years ago
Institutional owners are Group of answer choices
vfiekz [6]

Answer:

Financial institutions such as mutual funds and pension funds that control a large block of shareholders position.

Explanation:

Institutional ownership can be defined as the quantity of stock that is being owned by large bodies such as investment firms, mutual funds, investment banks, insurance companies. These different bodies are responsible for the management of different funds for other entities.

A lot of different institutional investors can own a large amount of shares, therefore if an institution decides to sell, it will have a huge effect on a lot of individual shareholders.

5 0
3 years ago
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