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Degger [83]
3 years ago
10

Evergreen Fertilizer Company produces fertilizer. The company’s fixed monthly cost is $35,000, and its variable costper pound of

fertilizer is $0.33. Evergreen sells the fertilizer for $0.50 per pound.
(a) Determine the monthly break-even volume for the company.
(b) Graphically illustrate the break-even volume for the Evergreen Fertilizer Company.
Business
1 answer:
kenny6666 [7]3 years ago
8 0

Answer:

BEP units         205,882 pounds

BEP dollars     $102,941.17

Explanation:

\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}

Sales \: Revenue - Variable \: Cost = Contribution \: Margin

0.50 - 0.33 = 0.17 contribution per pound

This means each pound generates 0.17 of contribution.

Now, we can calculate the pounds needed to afford the fixed cost.

35,000/0.17 = 205,882.35 pounds

for the BEP we will multiply by the sales price:

205,882.35 pounds x $0.5 = $102,941.17

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A quality analyst wants to construct a control chart for determining whether four machines, all producing the same product, are
abruzzese [7]

Answer:

A) 0.023

Explanation:

Sample size = 1,000

Number of defectives collected from Machine #1 = 23

So, the sample proportion of defectives for machine #1 = Number of defective output / Sample size  = 23/1000 = 0.023

6 0
3 years ago
The balance sheet for Monty Consulting reports the following information on July 1, 2022. Long-term liabilities Bonds payable $1
ASHA 777 [7]

Answer:

Date     Accounts & Explanation               Debit             Credit

July 1,   Bonds payable                          $1,380,000

2022    Loss on bonds redemption      $82,800

                    Discount on bonds payable                     $55,200

                    Cash A/C                                                    $1,407,600

                    [$1,380,000*102%]

             (To record the redemption of bond)

3 0
3 years ago
Which mode of transportation typically has the highest value-to-weight ratio? (Food for thought as you answer this question: Thi
mr Goodwill [35]

Option F, Air

Explanation:

The value to weight of an item is an indicator of the financial value per kilogram or kilo of an item. It is an important step for the development and strategy of the distribution chain.

If it is decided whether the cost savings in total inventory holding costs should be compared with savings on cost by means of cheaper transportation when shipments are made by sea, taking longer, than by air, usually the shorter one.

The diamonds and coal are a different example of the weight ratio. They are two types of carbon but they are of very different weight ratios. For diamonds, air and private jet charter can be well justified, depending on the size and value of the shipment.

7 0
4 years ago
On February IN , Marshak's investment account has a balance Of $19,800. He deposited ,200 on April I and $2,600 on May l . He wi
lesya692 [45]

The dollar-weighted annual yield for this nine-month period is -2.7%.

<u>Solution:</u>

The investment of deposit on April 1 (Feb, March = 2 months)

\Rightarrow\frac{(9-2)}{9}\times1200=\frac{(7)}{9}\times1200

The investment of deposit on May 1 (Feb, March, April = 3 months)

\Rightarrow\frac{(9-3)}{9}\times1200=\frac{(6)}{9}\times1200

Therefore, Dollar-weighted annual yield for this nine-month period,

\Rightarrow \frac{\text{Total interest}}{\text{Total investments}}

On plugging-in the values,

\Rightarrow\frac{14820-(19800+1200+2600-8400}{19800+\frac{7}{9}(1200)+\frac{6}{9}(2600)-8400}=-0.027

In percentage notation,

-0.027=(-0.027\times100)\frac{1}{100}=-2.7\% (\because \frac{1}{100}=\%)

6 0
3 years ago
A performance obligation​ is: A. An enforceable promise in a contract with a customer to transfer a good or service to the custo
Bumek [7]

Answer:

The correct answer is D. A promise in a contract with a customer to transfer a good or service to the customer.

Explanation:

Performance obligations are those that the entity undertakes to carry out in the contract established with a client, performance obligations are related to the deliverables established or agreed upon in a contractual manner.

At the start of the contract, the entity must evaluate the goods or services promised in a contract with a customer and must consider as a performance obligation each commitment to transfer to the customer a good or service (or a group of different goods and services) or a series of different goods or services that are substantially the same and that have the same pattern of transfer to the client.

4 0
3 years ago
Read 2 more answers
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