<h3>Hello there!</h3>
Your question asks how many muffins the Muffin House needs to sell in order to breakeven
<h3>Answer: 700 Muffins</h3>
In order to find the answer to your question, we first need to gather important information from the question.
Important Information:
- Selling price/ per muffin = $15
- Variable costs (cost to make)/ per muffin = $9
- Total fixed cost = $4,200
With the information above, we can find the answer to the question.
The Muffin House spends $9 to make a muffin, but sells it for $15. So the Margin is $6 (profit).
We would only make profit from the Margin price, so we need to get the Margin price to $4,200.This means we would need to divide 4200 by 6 to get our answer. Since they want to breakeven with the fixed cost, they need to sell as much muffins for the Margin to add up to $4,200 at the end to breakeven.
When you're done solving, you should get 700.
This means that The Muffin House must sell 700 muffins in order to break even.
<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:China is an extremely health conscious nation, and many people are vegetarians.
Explanation: i guessed
Answer:
$78,199
Explanation:
If the market price of common stock is $165 per stock, then selling 500 common stocks should = $82,500
If the market price of preferred stock is $230 per preferred stock, then selling 100 preferred stocks should = $23,000
If we add both we would get $105,500. If we want to allocate the proceeds proportionally according to their market prices:
common stocks = ($82,500 / $105,500) x $100,000 = $78,199
preferred stocks = ($23,000 / $105,500) x $100,000 = $21,801
the journal entries should be:
- Dr Cash account 78,199
- Cr Common Stock account 5,000
- Cr Capital Paid-in Excess of Par Value (Common Stock) account 73,199
- Dr Cash account 21,801
- Cr Common Stock account 10,000
- Cr Capital Paid-in Excess of Par Value (Preferred Stock) account 11,801
Answer:
Explanation:
There are factors that influence authentic leadership including positive psychological capacities, moral reasoning, and critical life events . Each of these three factors predispose or enhance the capacity to develop the four components of authentic leadership listed above and described below.
