given a sales price of $100 per unit, variable costs of $60 per unit and $24,000 in fixed cost, calculate the operating profit if 650 units are sold. multiple choice question.
Answers
The Operating profit if 650 units are sold is $2,000. We calculate that by finding out the Break Even Point first, and then finding out the units that are above the BEP multiplying that with contribution per unit.
Let's calculate Break Even Point (BEP) in units
BEP = Fixed Cost / Contribution
Contribution = Sale Price - Variable cost = 100 - 60 = 40 per unit
BEP = 24,000 / 40 = 600 units
We require 600 units to break even.
If sales are 50 units above break even, operating profit is calculated on 50 units(650-600)
Operating Profit = 50*40 = 2000.
In accounting, the breakeven point is calculated by dividing the fixed costs of production by the contribution per unit .
Contribution is Sales minus the variable costs of production.
The breakeven point is that the level of production at which the prices of production equal the revenues for a product.
In investing, the breakeven point is alleged to be achieved when the market value of an asset is that the same as its original cost.
So the Operating Profit is $2,000
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Related Questions
This is a receipt for a purchase made at a restaurant in Sacramento, California. The total cost of the food and drinks before taxes was . The buyer paid in sales tax. Based on the receipt, Sacramento has a sales tax rate of .
Answers
Answer:
Total bill = $10.00Sales tax = $0.85Sales tax rate = 8.5%Explanation:
According to the receipt in question, the buyer paid a total bill of $10.00.
Buyer also paid a sales tax of $0.85.
The total cost of the food was $10.00 and a sales tax of $0.85 was paid.
The sales tax is based on the amount paid so the sales tax rate is the percentage of $10 that $0.85 is.
= Sales Tax / Total bill * 100%
= 0.85 / 10 * 100%
= 0.085 * 100%
= 8.5%
Answer:
1- B) $10.00
2- A) $0.85
3- B) 8.5%
Explanation:
I did it on edge and got it right
Cecilia has studied economics and knows about the value and investment potential of diamonds. the price of diamonds has recently decreased, and a new diamond mine has opened nearby. cecilia decides to buy a diamond necklace while the prices are lower. how did cecilia’s knowledge of economics help her make a savvy commodity purchase?
Answers
Cecilia's economics expertise helped her make a wise commodities purchase because she recognized that buying diamonds would satisfy her desires and needs.
What prompted Cecilia to purchase the diamonds?When the cost of diamonds falls, so does the cost of creating a diamond necklace, and so does the price of a diamond necklace.
In addition, the supply of diamonds would grow as a result of the new diamond mine's opening. Making a diamond necklace would be expensive as a result of this.
Thus, diamonds would satisfy her desires and needs.
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Answer:
D) She knew that the purchase of diamonds will satisfy wants and needs
Explanation:
The histogram and box plots below show the distribution of finishing times for male and female winners of the New York Marathon between 1970 and 1999.
Answers
Answer:
Kindly check explanation
Explanation:
A.)
From the histogram, the number of runners who made a certain range of Runtime can be easily deduced on the y-axis of the histogram, which isn't possible on the boxplot.
Summary statistic such as lower quartile, median and upper quartile statistics including outliers can be deduced easily from the boxplot.
B.)
Bimodal distribution occurs when two different groups or class have the highest number of values in a distribution.
C.)
The distribution of marathon times for men is fairly normally distributed while that if women is skewed.
The minimum and maximum values in the women's distribution is greater than the minimum and maximum values in the men's distribution.
The women's distribution has greater variance than the men's distribution. (greater range value).
Tim's $2,500 boat trailer was stolen from his driveway. Ignoring any deductibles, how much can Tim receive for his stolen trailer when he files a claim against his homeowners policy?
Answers
Answer:
generally $1,000, but some policies can cover up to $1,250
Explanation:
Home insurance provides only very limited protection to boats or other watercraft that you might own. They are also very specific circumstances under which they will be covered and as long as it happens within your residence. In this case, since the boat trailer was stolen from your driveway you insurance policy will probably cover it, but the amount is relatively small. Most policies will cover only $1,000 and some might even cover up to $1,250, but generally the lesser amount is covered. If you own a boat it is usually recommended to get a boat insurance policy.
“Gambler fallacy” is the Believe that if people keep gambling they will eventually win big
true or false
Answers
Hi hope you doing well!
2. Which form details earned wages, together with required and optional
deductions?
Answers
Answer:
no choices?sbsblksbklsjm
1. T/F Marketing is a process that fulfills consumers' needs.
2. T/F Financing and risk taking are physical distribution functions of marketing.
3. T/F The first step in implementing the marketing concept is to provide a product that satisfies customers.
4. T/F Markets are classified as consumer markets or business-to-business markets.
5. T/F The marketing mix is composed of product, price, distribution, and promotion.
Answers
True. Marketing is a process that aims to identify and fulfill consumers' needs and wants by creating, communicating, delivering, and exchanging value with them.
False. Financing and risk-taking are not physical distribution functions of marketing. Physical distribution functions typically include activities such as transportation, warehousing, inventory management, and order processing.
True. The first step in implementing the marketing concept is to provide a product that satisfies customers. The marketing concept emphasizes understanding customer needs and wants and then developing products or services that meet those needs.
True. Markets can be classified as consumer markets (where products or services are sold to individuals for personal use) or business-to-business (B2B) markets (where products or services are sold to other businesses or organizations for their operations).
True. The marketing mix is composed of the four Ps: product, price, distribution (place), and promotion. These elements are key components of a marketing strategy and are used to create and deliver value to customers.
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Scenario 3: Buying a cell phone plan It’s time to buy a new cell phone plan, and you will be paying for this one yourself. The providers offer a lot of options, and your budget is limited. What financial information do you need? What financial decision-making strategies can you use? (Cost comparison, cost-benefit analysis, calculating future expenses, or budgeting?)
Answers
Answer:
hi bestie
cost comparison
Explanation:
Although a corporation may report a temporary book-tax difference for an item of income or deduction for a given year, over the long term the total amount of income or deduction it reports with respect to that item will be the same for both book and tax purposes. True or False
Answers
The statement is true because over the long term, a corporation's book and tax purposes will eventually reconcile for a given item of income or deduction.
Temporary book-tax differences can occur due to differences in the timing of recognition of income or deductions between book and tax purposes. For example, a corporation may recognize revenue for book purposes when it is earned, but may defer recognition for tax purposes until it is received. This can result in a temporary book-tax difference.
However, over time, these differences will typically reverse themselves and the total amount of income or deduction reported will ultimately be the same for both book and tax purposes.
This is because the underlying economic transaction or event that gave rise to the income or deduction will have already occurred, and the corporation will have accounted for it accordingly.
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Who are the majority of businesses in resort towns targeted to?
O
seniors
O
tourists
O
employees
investors
Answers
The majority of businesses in resort towns target tourists.
Who is the luxury hotel industry's target customer?As you can see, a wide range of people from across all walks of life who are prepared to pay a little extra for the luxury hotel experience makes up the target audience for luxury hotels.
What advantages come from forming and focusing on prospect groups?Overall, specialization is the main advantage of identifying and pursuing niche markets. Finding more wealthy guests who will gush about your hotel will be easier if you can be more precise with your market segmentation.
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to be considered an official record the document must be:
Answers
To be considered an official record, the document must be authentic and reliable, and it must be accepted as evidence in a legal or administrative proceeding.
What is an official document?An official document is a document that is issued by a government agency, organization, or other official body and that is used to record or communicate information that is considered to be important or official in nature. Official documents can take many forms, including written documents, electronic records, and physical documents such as certificates, licenses, and diplomas.
They may be used to document a wide range of activities and transactions, including legal proceedings, government policies and regulations, financial transactions, and other official business. In general, official documents are considered to be authentic and reliable sources of information, and they are often accepted as evidence in legal or administrative proceedings.
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Perry Mazza wants to borrow $30,000 from the bank. The interest rate is 6% and the term is for 5 years.
What is the yearly payment amount?
A.$360
B.$6,360
C.$1,800
D.$18,000
Answers
Which of the following is not one of the 3 major ways to save for retirement
that were discussed in class?
O a. Saving and investing throughout your life
O b. Getting paid via benefits from social security
O d. Liquidating the majority of your assets into cash
O c. Leveraging benefits from your previous job
Answers
The option that is not one of the 3 major ways to save for retirement discussed in class is option
(d) liquidating the majority of your assets into cash.
What is a better way to save for retirementThis is not a sustainable strategy for retirement savings as it involves selling off assets that could potentially generate income and growth over time.
The three major ways to save for retirement are:
a. Saving and investing throughout your lifeb. Getting paid via benefits from social securityc. Leveraging benefits from your previous job (such as a pension plan or 401(k))Learn more about retirement savings at
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Professionals in_______ and investment pathway help companies connect with investors
Answers
Answer: Professionals in the securities and investment pathway help companies connect with investors
Explanation:
Smartphone sales have stagnated in developed countries, but they continue to experience high growth in emerging economies. Which aspect of the industry does this trend reflect
Answers
Answer:
Open innovation
Explanation:
In a bid to drive growth and revenue, organizations and develop products which are customer friendly and centric, company's may decide not to rely on internal expertise or ideas within its own staff or designers, such that they seek external resources in a bid to mould their product offering in a systematic manner. These idea of seeking external knowledge or opinion in other to develop consumer products is called open innovation. It is a major trend which could be used to explain the push and increase in smartphone sales in developing economies as the companies tries to move in line with the current status.
in business reports it is best to place each visual
Answers
In business reports, it is best to place each visual beside or immediately after the paragraph it illustrates.
The specific placement of visuals may vary depending on the content and purpose of the report, but there are some general guidelines to consider:
1) Close to the corresponding text: Visuals should be placed near the relevant textual explanation or discussion. This helps readers easily connect the visual information with the accompanying content.
2) Clear and visible: Visuals should be clear, legible, and easily visible to the reader. Ensure that the size and formatting of the visual are appropriate for the report's layout and design.
3) Sequential order: If using multiple visuals, it is generally recommended to place them in a sequential order that aligns with the flow of the report. This allows for a logical progression of information.
4) Consider the reader's attention: Place visuals strategically to capture and maintain the reader's attention. Important visuals or key findings may be placed in prominent positions to draw attention and highlight their significance.
5) Support the main points: Visuals should be used to support and enhance the main points or arguments in the report. Place visuals in locations where they reinforce the narrative and provide visual evidence for the discussed information.
Ultimately, the placement of visuals in business reports should be thoughtful and purposeful, ensuring that they effectively communicate the intended information and enhance the overall clarity and readability of the report.
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Complete Question:
In business reports, it is best to place each visual ______________
Your Mutual fund was valued at $237,500 it has lost 6% per year for the last three years what is its value today
Answers
Answer:
197263.70
Explanation:
I did math on a website
Help pleaseeee
Em TRONIK wwwportation og en mans are 34. boyour informed opinion, what is the best animal and why? Defend your answer with facts. (5 points) Not there are no right to, but an answer not supported by
Answers
In my informed opinion, it is difficult to determine the "best" animal as it is subjective and depends on various factors.
However, I can provide some information about different animals that showcase their unique qualities:
1. Dolphins: Dolphins are highly intelligent marine mammals known for their social behavior and communication skills. They exhibit complex problem-solving abilities and have been observed to show empathy towards others.
2. Elephants: Elephants are remarkable creatures known for their strong family bonds and emotional intelligence. They have excellent memory and exhibit behaviors such as mourning their dead and displaying compassion towards others.
3. Bees: Bees play a vital role in pollination, which is essential for the reproduction of many plant species. They are highly organized and work together in intricate social structures to maintain their colonies and produce honey.
4. Cheetahs: Cheetahs are the fastest land animals, capable of reaching incredible speeds in a matter of seconds. They possess incredible agility and keen eyesight, which aids them in hunting prey.
5. Dogs: Dogs are known for their loyalty, companionship, and versatility. They have been domesticated for thousands of years and have played various roles, including working animals, therapy animals, and beloved pets.
Ultimately, the "best" animal depends on individual preferences and the specific criteria used to evaluate them. Each animal has unique characteristics and contributes to the diversityand balance of our planet's ecosystems.
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Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Answers
They earn the most money since skills also follow the law of supply and demand, so consumers are willing to pay more due to low supply
As of today, accounting information systems are all computerized. true or false
Answers
This is false. As of today, accounting information systems are not all computerized.
What is meant by accounting information systems ?This is the term that has to do with all of the ways that accounting information and all of the details that have to do with accounting are kept in an electronic means.
This has to allow for the easier storage and the processing of the information. But we still have these information stored by other means hence the answer if false.
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For every A you earn on your report card, your grandma gives you a twenty dollar bill. This is an example of
Answers
Answer:
a positive incentive I think
Explanation:
7. Name 5 main decision makers in macroeconomics
Answers
Answer:
1. Households
2. Firms
3. Governments
4. "The Rest of the World"
I don't know a good fifth
Explanation:
you receive a credit card application from abc bank offering an introductory rate of 0.5% per years, compounded monthly for the first six months, increasing thereafter to 18.5% compounded monthly. assuming you transfer 7000 dollars from your existing credit card and make no subsequent payments. how much interest you will owe at the end of the first year
Answers
The total compound interest amount that the individual owes at the end of the first year can be calculated as follows: We know the following information from the problem: Amount transferred to the new credit card: $7,000 Introductory rate for the first six months: 0.5% compounded monthly Interest rate after six months: 18.5% compounded monthly
The formula for calculating interest when compounding is done monthly can be expressed as A=P(1+r/n)^(nt), where A is the amount owed, P is the principal, r is the interest rate, n is the number of times interest is compounded per year, and t is the time in years.
We can find the interest amount for the first six months by using the above formula with the given values. A=P(1+r/n)^(nt)A = $7,000(1+0.005/12)^(6*12/12)A = $7,025.58 Therefore, the interest amount for the first six months is $25.58.
Now we can find the interest amount for the remaining six months using the same formula. A=P(1+r/n)^(nt)A = $7,025.58(1+0.185/12)^(6*12/12)A = $8,807.18
Therefore, the interest amount for the remaining six months is $1,782.60.The total interest amount owed at the end of the first year can be found by adding the interest amounts for the first six months and the remaining six months.$25.58 + $1,782.60 = $1,808.18 Therefore, the individual will owe $1,808.18 in interest at the end of the first year.
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Chips of Joy, a leading chocolate chip cookie manufacturer, has decided to use the same marketing strategy and marketing mix worldwide for all of its brands. The only change that will be made is language translation on the various packaging. Chips of Joy is using a(n) ________ marketing strategy.
Answers
If the only change that will be made is language translation on the various packaging. Chips of Joy is using a(n) standardized global marketing strategy.
What is marketing strategy?Marketing strategy can be defined as the strategy applied when creating awareness about a product so as to generate more sales.
Standardized global marketing strategy enables companies to market or promote their product or brand internationally or across the globe.
Therefore Chips of Joy is using a(n) standardized global marketing strategy.
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Which of the following is a reason that your company might not want to increase its market share?
A.
The market saturation for your product is low.
B.
Many of your company's competitors have bad reputations.
C.
Your company has a limited capacity for producing your product.
D.
The price of your product is very competitive.
Answers
Answer:
C: Your company has a limited capacity for producing your product.
Explanation:
hope this helps!
how can a business meet customer needs
Answers
A junk yard pulls parts off of wrecked vehicles and sells them to a wholesaler. If its total revenue function is TR=14x and the total cost function is TC=357+7x. The number of parts that the junk yard must sell to breakeven is ______ parts.
Answers
Given that the total revenue function is TR = 14x , and the total cost function is TC = 357 + 7x
The formula for calculating the breakeven point is:BE = TCF / (P - V) where TCF = Total Fixed Cost P = Sales price per unit V = Variable cost per unit.Substituting the given values in the formula;TC = Total Fixed Cost + Total variable cost 357 + 7x = TCF + 14x Since we are to find the breakeven point, the total revenue is equal to the total cost.14x = 357 + 7x
Solving for x, we have:7x = 357x = 51 Substituting the value of x into the total revenue function TR=14x14(51) = $714 Number of parts that the junk yard must sell to breakeven is 51 parts.
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Jhuly’s Cat topia Co. has $14 million in annual credit sales with a cost of goods of $10.5 million. The balance sheet shows $5 million in accounts receivable, $4 million in inventory (professor comment, "That’s a pile of kitty litter!") and accounts payable of $2 million at the end of the period. They finance working capital with bank loan that charges 10.1% interest. In days what is Cat topia’s cash conversion cycle? (Round to the nearest day on your intermediate calculations)
Group of answer choices 199 339 130 139
Answers
If Jhuly's Cat Topia Co. has $14 million in annual credit sales with a cost of goods of $10.5 million then Cat Topia's cash conversion cycle is 139 days.
The balance sheet shows $5 million in accounts receivable, $4 million in inventory, and accounts payable of $2 million at the end of the period. They finance working capital with a bank loan that charges 10.1% interest.
In days, the cash conversion cycle of Cat Topia is 139.
The cash conversion cycle is a metric that tracks the number of days it takes to convert a company's investment in inventory and other resources into cash flows from sales.
The formula is Cash Conversion Cycle = Days of Inventory Outstanding + Days of Sales Outstanding - Days of Payables Outstanding. So, let's calculate these values: DIO = Average Inventory / (COGS / 365) = $4,000,000 / ($10,500,000 / 365) = 140 days
DSO = Accounts Receivable / (Annual Sales / 365) = $5,000,000 / ($14,000,000 / 365) = 131 daysDPO = Accounts Payable / (COGS / 365) = $2,000,000 / ($10,500,000 / 365) = 70 days
Therefore, CCC = DIO + DSO - DPO = 140 + 131 - 70 = 201 days
However, this is the number of days in which the company turns its investment in inventory and accounts receivable into cash. So we have to subtract from this the number of days it takes the company to repay its accounts payable: CCC = 201 - 62 = 139
Therefore, Cat Topia's cash conversion cycle is 139 days.
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Answers
Answer:
Hellllllllllllllllllllllllllllllllllllo
Explanation:
Your older sister is planning on saving money by paying her bills, spending money on fun, and then saving whatever is leftover. Why is this not the best option for saving her money?
Answers
Answer:
spend money on bills first then food then save the leftover money for later