BUSINESS COLLEGE

In 2016, Teller Company sold 3,000 units at $600 each. Variable expenses were $420 per unit, and fixed expenses were $270,000. The same selling price, variable expenses, and fixed expenses are expected for 2017. What is Teller's break-even point in units for 2017

Answers

Answer 1

Answer:

1500

Explanation:

Breakeven point is the number of units produced and sold where net income is art on it is where revenue equals cost.

The formula for calculating break even points = F / (P - V)

F = fixed cost

P = price

V = variable cost per unit

$270,000 / ($600 - $420) = 1500

I hope my answer helps you

Related Questions

Grant Company reported net income of $74,000 and sales revenue of $201,000 for the current year. The company also reported beginning and ending accounts receivable at $25,500 and $16,000, respectively. What was the amount of cash collected from customers?
Suppose Juanita currently allocates 75% of her portfolio to a diversified group of stocks and 25% of her portfolio to risk-free bonds; that is, she chooses combination D. She wants to reduce the level of risk associated with her portfolio from a standard deviation of 15 to a standard deviation of 5. In order to do so, she must do which of the following? Check all that apply.a. Sell some of her stocks and use the proceeds to purchase bondsb. Accept a lower average annual rate of returnc. Sell some of her bonds and use the proceeds to purchase stocksd.Place the entirety of her portfolio in bonds
A buyer who has accepted goods may later revoke the acceptance if the buyer can show that the defects _____________ the value of the goods and the buyer had a legitimate reason for the initial acceptance.
After the World Cup soccer games, Puma, the German sporting goods manufacturer, increased its end-of-year sales target by $641 million. Puma developed _____ plans with a goal that extra sales would come from new product categories the company was introducing, sale of soccer equipment, and consolidation of several subsidiaries.
Producers' total revenue will decrease if A. The price rises and demand is inelastic. B. income increases and the good is a normal good. C. the price rises and demand is elastic. D. income falls and the good is an inferior good.

Assume the carrying capacity of the earth is 13 billion. Use the 1960s peak annual growth rate of 2.1% and population of 3 billion to predict the base growth rate and current growth rate with a logistic model. Assume a current population of 6.8 billion. How does the predicted growth rate compare to the actual growth rate of about 1.2% per year?

Answers

Answer:

The predicted growth rate is compared at -2%

Explanation:

To calculate growth rate, G.R = X( $1-(Population)/(Carrying capacity of earth)$ )

In the 1960s,

The carrying capacity of the earth = 13 billion

Earth's population = 3 billion

X = $((Growth rate in 1960))/((1-(Population in 1960)/(Carrying Capacity in 1960)) )$

X = $0.021 (1-(3,000,000,000)/(13,000,000,000) )$

X = 0.021 × 0.77

X = 0.01617 = 1.6%

Current population calculation:

Growth Current population (C.p) = $0.016(1-(current population)/(current capacity))$

Growth Current population (C.p) = 0.016 $(1 - (6,800,000,000)/(3,000,000,000) )$

Growth Current population (C.p) = 0.016(-1.267)

Growth rate = -0.020272 = -2%

The predicted growth rate compare to the actual growth rate of about 1.2% per year at -2%.

Last month, Price Company purchased supplies on account, $5,000. Today, Price Company pays the amount that is owed.Required: What is the effect of this transaction on individual asset accounts, individual liability accounts, the Capital Stock account, and the Retained Earnings account?

Check all that apply.

An asset account increases. An asset account decreases.

A liability account increases. A liability account decreases.

Capital Stock increases. Capital Stock decreases.

Retained Earnings increase. Retained Earnings decrease.

Answers

Answer:

Asset Account is decreased.

Liability Account is also decreased.

No effects on Capital Stock.

No effects on Retained Earnings.

Explanation:

Asset Account is decreased by $5000 because Cash is paid for the purchases made on account last month.

Liability Account is decreased by $5000 because accounts payable for the purchases made In the last month is now paid.

This transaction will have no effects on Capital Stock Account and Retained Earnings Account.

Bill's Grill is a popular college restaurant that is famous for its hamburgers. The owner of the restaurant, Bill, mixes fresh ground beef and pork with a secret ingredient to make delicious quarter-pound hamburgers that are advertised as having no more than 25% fat. Bill can buy beef containing 80% meat and 20% fat at $0.85 per pound. He can buy pork containing 70% meat and 30% fat at $0.65 per pound. Bill wants to determine the minimum cost way to blend the beef and pork to make hamburgers that have no more than 25% fat. What is objective function for the mathematical formulation, in words?

Answers

Bills grill is a popular college resturant that’s is famous

Williams Company pays each of its two office employees each Friday at the rate of $240 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is:

Answers

Answer:

DrSalaries Expense $960

Cr Salaries Payable $960

Explanation:

Based on the information given we were told that the Company pays each of its two office employees each Friday at the rate of $240 per day which means that if the employees worked on both Monday and Tuesday, the month-end adjusting Journal entry to record the salaries earned but unpaid is:

Dr Salaries Expense $960

Cr Salaries Payable $960

Using this formula to Calculate the amount

Amount = Rate per day * Number of days * Number of employees

Let plug in the formula

Amount= $240 * 2 * 2 employees

Amount= $960

you are going to deposit $19000 today. You will earn an annual rateof 3.3 percent for 11 years, and then earn an annual rate of 2.7 percent for 14 years. how much will you have in your account in 25 years?

Answers

Answer:

After 25 years you will have in your account $42,782.05.

Explanation:

First find the Future value of $19000 invested today at the end of 11 years.

PV = - $19,000

Pmt = $0

P/yr = 1

r = 3.30%

n = 11

FV = ?

Using a Financial calculator, the Future Value (FV) after 11 years will be $27,155.46.

Use the $27,155.46 to find future value at the end of the next 14 years at the rate of 2.70%

PV = - $27,155.46

Pmt = $0

P/yr = 1

r = 3.30%

n = 14

FV = ?

Using a Financial calculator, the Future Value (FV) after 14 years will be $42,782.05.

Thus, after 25 years you will have in your account $42,782.05.

Suppose that there are two goods, X and Y, that are competing for dominance in a market with network externalities. Furthermore, suppose that the market has chosen good X even though it is inferior to good Y and that the net benefits of switching from X to Y are $20 while the costs of switching are $30. If the market stays with good X, then __________________ has occurred. If the costs of switching were to fall to $15 and the market still stays with good X then ___________________________.

Answers

A) No market failure; market failure has occurred.

B) Market failure; no market failure has occurred.

C) No market failure; there will still be no market failure.

D) Market failure; there will still be market failure.

Answer:

The correct answer is A)

Suppose that there are two goods, X and Y, that are competing for dominance in a market with network externalities. Furthermore, suppose that the market has chosen good X even though it is inferior to good Y and that the net benefits of switching from X to Y are $20 while the costs of switching are $30. If the market stays with good X, then No Market Failure has occurred. If the costs of switching were to fall to $15 and the market still stays with good X then Occurred

Explanation:

Market failure is the economic situation defined by an inefficient distribution of goods and services in the free market.

Reasons for market failure include: positive and negative externalities, environmental concerns, lack of public goods, under provision of merit goods, over provision of demerit goods, and abuse of monopoly power.

In the question above, we see that at first there is a substandard good but people stick to it because it cost much more to switch than to enjoy the utility derivable from the good. This is logical. So there the forces of the market (price, demand and supply) are functional by themselves.

On the other hand, the cost of switching falls below the value of the benefit derivable. Logically, because it is an inferior good, people ought to switch because there is a better alternative. However because the market stays same, it means that the forces have failed to adjust accordingly.

Cheers!

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