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Delvig [45]
2 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]2 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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My name is Ann [436]

not understand question sry

7 0
1 year ago
On January 1, 2013, Warfield Co. purchased a $600,000 machine, with a five-year useful life and no salvage value. The machine wa
natulia [17]

Answer:

$0

Explanation:

In the case when the depreciation method is changed so it should be treated propectively. The past year depreciation amount remains the same. So the starting year of change having no difference should be produced but the beginning to the closing year of change the deferred tax liability should be recorded the difference occured in the future that lies between the book and tax depreciation

So, it should be zero

4 0
3 years ago
On June 30, 2018, Mabry Corporation issued $15 million of its 8% bonds for $13.8 million. The bonds were priced to yield 10%. Th
Ugo [173]

Answer:

Mabry Corporation

Using the effective interest method, the bond discount should be reduced for the 6 months ended December 31, 2018 by:

= d. $90,000

Explanation:

a) Data and Calculations:

Face value of bonds issued = $15 million

Issue price of the bonds =         13.8 million

Bonds discounts =                     $1.2 million

Coupon rate of interest = 8%

Effective interest rate = 10%

Interest payment = semi-annually on December 31 and July 1

December 31, 2018:

Interest payment = $600,000 ($15 million * 4%)

Interest expense = $690,000 ($13.8 million * 5%)

Amortization of discounts = $90,000 ($690,000 - $600,000)

Fair value of bonds = $13.89million ($13.8m + $90,000)

5 0
3 years ago
Explain at least two elements of the free enterprise system here in the U.S.
Andreas93 [3]

Answer:

1.  Private ownership of factors of production

2.  Freedom to engage in commercial activities

Explanation:

<u>1.  Private ownership of factors of production</u>

In the US, individuals and firms are allowed to own properties. A significant percentage of the factors of production are in the hands of the private sector. Firms and individual influences the production of goods and services because they allocate resources to meet market demand.

<u>2.  Freedom to engage in commercial activities</u>

Entrepreneurs have the freedom to choose the type of business they want to start. They can also select the location and the time they want to operate. There are no upper limits to firms that can participate in the market.  Consumers are free to choose their suppliers. The market presents a variety of goods and services to consumers to pick from.

4 0
3 years ago
I need q 4 and 5 please:)
abruzzese [7]
I can’t see the questions very well
5 0
2 years ago
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