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Vinil7 [7]
3 years ago
8

Congratulations! You just won your state lottery and will be receiving a check for $1 million. You have always wanted to own you

r own business and have noticed the increase in the number of food trucks in your local area. A new food truck with a kitchen and related equipment costs about $100,000. Other fixed costs include salaries, gas for the truck, and license fees and are estimated to be about $50,000 per year. You decide to offer traditional Mediterranean cuisine. Variable costs include food and beverages estimated at $6 per platter (meat, rice, vegetable, and pita bread). Meals will be priced at $10. Calculate the break-even for your food truck business
Business
1 answer:
Harrizon [31]3 years ago
5 0

The break-even for your food truck business is $37,500.

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

Fixed cost is the cost that does not change with the unit of output. It remains constant regardless of the units of output produced.

Fixed cost of the business = $100,000 + $50,000 = $150,000

Variable cost is cost that varies with the units of output produced. Example are wages and cost of raw materials.

Variable cost of the business = $6.

Break-even = $150,000 / ($10 - $6) = 37,500

A similar question was answered here: brainly.com/question/3254072

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Read 2 more answers
On October 1, Hawking Corp. had 40,000 shares of $2 par value common stock outstanding before it declared a 2-for-1 stock split.
Naily [24]

Answer:

1. After the split, how many shares of common stock are outstanding and what is their par value per share?

40,000 stocks outstanding x 2 = 80,000 stocks outstanding after the stock split

par value of each stock = $2 / 2 = $1

Aren't both questions the same?

2. After the split, the number of shares outstanding is <u>80,000</u> and the par value per share is <u>$1</u>.

Explanation:

When a stock split happens, the total number of outstanding stock is just multiplied by the stock split factor, in this case it was 2, but other times it might be 4 or 7 (like Apple stock). You just multiply total outstanding stock by the split number. On the other hand, par value is calculated by dividing the current par value by the split number.

5 0
3 years ago
Janice is a baby boomer, born in 1959. between the ages of 18 and 50, she held only five jobs. according to a study published by
shusha [124]
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Fully vested incentive stock options exercisable at $54 per share to obtain 36,000 shares of common stock were outstanding durin
GREYUIT [131]

Answer: 5,625 shares

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We can do this by multiplying the number of Options by their price and then dividing by the market price.

That would be,

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Dividing the Options by the market price will then show us how many shares could have been bought at the Market Price ,

= 1,944,000/ 64

= 30,375 shares could have been purchased at the Market price.

To find the net increase in the weighted-average number of shares outstanding due to the assumed exercise of these options when calculating diluted earnings per share we will subtract the No. Of shares that could have been bought at the Market Price from the No. Of options.

= 36,000 - 30,375

= 5,625 shares.

5,625 shares is the net increase.

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