What happens when supply exceeds demand?

Beard Company sells a product for $15 per unit. The variable cost is $10 per unit, and fixed costs are $1,750,000. Determine (a)

den301095 [7]

Answer:

a. Contribution margin = Selling price - Variable cost per unit

Contribution margin = $15 - $10

Contribution margin = $5 per unit

Break even point in units = Fixed cost / Contribution margin

Break even point in units = $1,750,000 / $5

Break even point in units = 350,000 units

b. Required sale = Fixed cost + Target profit / Contribution margin

Required sale = $1,750,000 + $400,000 / $5

Required sale = $2,150,000 / $5

Required sale = 430,000 units

7 0

3 years ago

Select the true statement about the relationship between law, ethics, and business.

Vilka [71]

Answer:

A

Explanation:

6 0

3 years ago

1. Mrs. Ryan plants 3 flowers along 4 inches of a garden row. The garden row is 3 feet long.

finlep [7]

Question 1. if 3 flowers = 4 inches, and she has a 3 foot long row to plant flowers, then we need to see how many inches the row is.

1 foot = 12 inches

12 inches x 3 = 36 inches, or 3 feet.

Now we need to divide.

36 divided by 4 = 9.

So now we know that Mrs. Ryan can plant x amount of flowers 9 times. This makes the answer easier to find.

To find the answer, we need to simply multiply 3 and 9.

3 x 9 = 27.

Your answer would be Mrs. Ryan planted 27 flowers.

Question 2. this is simple. Just multiply 5 and 3.

5 x 3 = 15.

Your answer would be Mrs. murphy bought 15 feet of fabric.

Question 3. This is simple...Just multiply 4.3 x 100, or move the decimal over to the right twice and put a 0 where theres an empty space.

4.3 x 100 = 430

Your answer is the line is 430 centimeters wide.

Question 4. This is simple, just multiply 2.9 x 100 or move the decimal over to the right twice and put a 0 where there's an empty space.

2.9 x 100 = 290

Your answer is The book is 290 milliliters wide.

Question 5. This is also very simple. This time we add a decimal twice to the left. Put the decimal next to the 0 in 210.

210.

21.0

2.10

Your answer would be the bookshelf is 2.1 meters tall.

Question 6. This is simple, again... Just multiply 13 and 2.54.

2.54 x 13 = 33.02

Your answer would be c, 33.02 cm.

Question 7. This is simple, again... Just multiply 13 and 2.54.

2.54 x 13 = 33.02

Your answer would be c, 33.02 cm.

6 0

3 years ago

Hal currently works as the fry guy at Burger Haven but is thinking of quitting his job to attend college full time next semester

Mkey [24]

Answer:

Option (d) is correct.

Explanation:

The opportunity cost refers to the cost of selecting some other alternative over other. It is the value of activity or the satisfaction obtained from the good foregone to choose other alternative.

In our case, if Hal decided to go to college then he have to left his job where he earned some money income.

Therefore, the opportunity cost of attending college is the money income that Hal lose as he could have earned that income.

6 0

3 years ago

Hewell Co. started 2020 with two assets: Cash of E200,000 (Euros) and Land that originally cost E252,000 when acquired on April

salantis [7]

Answer:

Please find the complete question and its solution file in the attachment.

Explanation:

Timing of shifts in Boerkian's net money assets

Date Particulars Stickles Exchange Rate Dollars

1-Jan Assets $(26000 + 72000)$ $98000 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0.29\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 28420$

1-May Service Revenue $36000\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0.30\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 10800$

1-Oct Operating Expenses $(22000) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0.31\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 6820$

31-Dec Net Assets $112000\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 32400$

31-Dec Net Assets at Current Exchange Rate on Dec.31 $112000\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0.35\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 39200$

31-Dec Gain $(\$39200 - \$32400)$ $6800$

The profit is $6,800 for the subsidiary. The exchange rate is higher on 31 December.

3 0

3 years ago