Hi, this is financial math problem I need help with. Thanks.
Homework Answers
Break even price can be calculated by solving the below equation:
Fixed cost = the lease payment, Sp = Selling price per unit, VC = variable cost per unit
So she should charge 8.85 per picture to breakeven
If she sells 60 units and charges 8.85 then the sales dollars will be as follows:
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Hi, this is financial math problem I need help with. Thanks.
Taylor is considering the expansion...
Hi. I need assistance with this financial math question. Thanks :) A clothing store buys scarves...
Hi. I need assistance with this financial math question. Thanks
:)
A clothing store buys scarves for $34.00 less 22% for buying over 50 pairs, and less a further 15–% for buying last season's style. The scarves are then marked up to cover overhead expenses of 33% of cost and a profit of 337% of cost. (a) What is the regular selling price of the scarves? b) What is the maximum amount of markdown to break even? (c) What is...
The neighbourhood bookstore sells novels for $20 per unit. The cost to purchase one book is...
The neighbourhood bookstore sells novels for $20 per unit. The cost to purchase one book is $10 The store has fixed costs per month of $2000 The store estimates that they can sell 300 books each month (a) Compute the break-even point in units (b) Compute the break even point in sales dollars (c) Compute the break-even point as a percent of capacity (a) The break-even point in units is books (Simplify your answer) (b) The break-even point in sales...
A firm manufactures a product that sells for $ 12 12 per unit. Variable cost per...
A firm manufactures a product that sells for $ 12 12 per unit. Variable cost per unit is $ 7 7 and fixed cost per period is $ 1900. $1900. Capacity per period is 700 700 units. Perform a break-even analysis showing a detailed break-even chart. Find the revenue function, TR. TR equals = nothing (Type an expression using x as the variable. Do not include the $ symbol in your answer.) Find the cost function, TC. TC equals =...
Problem 6-117 (Algo) [LO 6-1, 6-4) The manager of Calypso, Inc. is considering raising its current...
Problem 6-117 (Algo) [LO 6-1, 6-4) The manager of Calypso, Inc. is considering raising its current price of $39 per unit by 10% If she does so, she estimates that demand will decrease by 20,000 units per month. Calypso currently sells 51.300 units per month each of which costs $21 in variable costs. Fixed costs are $181,000. a. What is the current profit? Current Profit $ 742.400 b. What is the current break-even point in units? (Round your answer to...
Hi! Can I please have help with the answers I got wrong and/or was unable to...
Hi! Can I please have help with the answers I got wrong and/or
was unable to answer. Thanks!
Memofax, Inc. produces memory enhancement software for computers. Sales have been very erratic, with some months showing a profit and some months showing a loss. The company's contribution format income statement for the most recent month is given below: Sales (12,000 units at $20 per unit) Less: Variable expenses $240,000 144,000 Contribution margin Less: Fixed expenses 96,000 101,000 Net operating loss $...
Need help with this accounting problem please. Required information Problem 21-4A Break-even analysis; income targeting and...
Need help with this accounting problem please.
Required information Problem 21-4A Break-even analysis; income targeting and forecasting LO C2, P2, A1 [The following information applies to the questions displayed below.) Astro Co. sold 20,300 units of its only product and incurred a $78,798 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2018's activities, the production manager notes that variable costs can be reduced 50% by installing a machine that automates several operations....
The manager of Calypso, Inc. is considering raising its current price of $35 per unit by...
The manager of Calypso, Inc. is considering raising its current price of $35 per unit by 10%. If she does so, she estimates that demand will decrease by 20,000 units per month. Calypso currently sells 51.600 units per month each of which costs $23 in variable costs. Fixed costs are $188,000. a. What is the current profit? Current Prote b. What is the current break even point in units? (Round your answer to the nearest whole number.) Break Even Point...
I need answer A and C Modern Artifacts can produce keepsakes that will be sold for...
I need answer A and C
Modern Artifacts can produce keepsakes that will be sold for $60 each. Nondepreciation fixed costs are $2,600 per year, and variable costs are $30 per unit. The initial investment of $5,000 will be depreciated straight-line over its useful life of 5 years to a final value of zero, and the discount rate is 10%. a. What is the accounting break-even level of sales if the firm pays no taxes? (Do not round intermediate calculations....
I need help with the explanation and solution with the whole question. Chapter 18 Homework, Part...
I need help with the explanation and solution with the whole
question.
Chapter 18 Homework, Part I A Saved Help Save & Exit Submit Check my work Blanchard Company manufactures a single product that sells for $145 per unit and whose total variable costs are $87 per unit. The company's annual fixed costs are $916,400. (1) Prepare a contribution margin income statement for Blanchard Company at the break-even point. points Book BLANCHARD COMPANY Contribution Margin Income Statement (at Break-Even) Amount...
the whole problem wouldnt fit in frame so i posted 2 pictures please help! Kimmel, Accounting,...
the whole problem wouldnt fit in frame so i posted 2 pictures
please help!
Kimmel, Accounting, 6e Assignment Gradebook ORION Downloadable Textbook Exercise 19-2 In the month of June, Jose Hebert's Beauty Salon gave 3.000 haircuts, shampoos, and permanents at an average price of $30. During the month, fed costs were $16,900 and variable costs were 75% of sales Determine the contribution margin in dollars, per unit and as a ratio (Round contribution margin per unit and contribution margin ratio...
Hi. I need assistance with this financial math question. Thanks
:)
A clothing store buys scarves for $34.00 less 22% for buying over 50 pairs, and less a further 15–% for buying last season's style. The scarves are then marked up to cover overhead expenses of 33% of cost and a profit of 337% of cost. (a) What is the regular selling price of the scarves? b) What is the maximum amount of markdown to break even? (c) What is...
The neighbourhood bookstore sells novels for $20 per unit. The cost to purchase one book is $10 The store has fixed costs per month of $2000 The store estimates that they can sell 300 books each month (a) Compute the break-even point in units (b) Compute the break even point in sales dollars (c) Compute the break-even point as a percent of capacity (a) The break-even point in units is books (Simplify your answer) (b) The break-even point in sales...
Problem 6-117 (Algo) [LO 6-1, 6-4) The manager of Calypso, Inc. is considering raising its current price of $39 per unit by 10% If she does so, she estimates that demand will decrease by 20,000 units per month. Calypso currently sells 51.300 units per month each of which costs $21 in variable costs. Fixed costs are $181,000. a. What is the current profit? Current Profit $ 742.400 b. What is the current break-even point in units? (Round your answer to...
Hi! Can I please have help with the answers I got wrong and/or
was unable to answer. Thanks!
Memofax, Inc. produces memory enhancement software for computers. Sales have been very erratic, with some months showing a profit and some months showing a loss. The company's contribution format income statement for the most recent month is given below: Sales (12,000 units at $20 per unit) Less: Variable expenses $240,000 144,000 Contribution margin Less: Fixed expenses 96,000 101,000 Net operating loss $...
Need help with this accounting problem please.
Required information Problem 21-4A Break-even analysis; income targeting and forecasting LO C2, P2, A1 [The following information applies to the questions displayed below.) Astro Co. sold 20,300 units of its only product and incurred a $78,798 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2018's activities, the production manager notes that variable costs can be reduced 50% by installing a machine that automates several operations....
The manager of Calypso, Inc. is considering raising its current price of $35 per unit by 10%. If she does so, she estimates that demand will decrease by 20,000 units per month. Calypso currently sells 51.600 units per month each of which costs $23 in variable costs. Fixed costs are $188,000. a. What is the current profit? Current Prote b. What is the current break even point in units? (Round your answer to the nearest whole number.) Break Even Point...
I need answer A and C
Modern Artifacts can produce keepsakes that will be sold for $60 each. Nondepreciation fixed costs are $2,600 per year, and variable costs are $30 per unit. The initial investment of $5,000 will be depreciated straight-line over its useful life of 5 years to a final value of zero, and the discount rate is 10%. a. What is the accounting break-even level of sales if the firm pays no taxes? (Do not round intermediate calculations....
I need help with the explanation and solution with the whole
question.
Chapter 18 Homework, Part I A Saved Help Save & Exit Submit Check my work Blanchard Company manufactures a single product that sells for $145 per unit and whose total variable costs are $87 per unit. The company's annual fixed costs are $916,400. (1) Prepare a contribution margin income statement for Blanchard Company at the break-even point. points Book BLANCHARD COMPANY Contribution Margin Income Statement (at Break-Even) Amount...
the whole problem wouldnt fit in frame so i posted 2 pictures
please help!
Kimmel, Accounting, 6e Assignment Gradebook ORION Downloadable Textbook Exercise 19-2 In the month of June, Jose Hebert's Beauty Salon gave 3.000 haircuts, shampoos, and permanents at an average price of $30. During the month, fed costs were $16,900 and variable costs were 75% of sales Determine the contribution margin in dollars, per unit and as a ratio (Round contribution margin per unit and contribution margin ratio...
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