12) how much money should be deposited today in an account the at earns 5% compounded quarterly so that it will accumulate to $80,000 in 25 years (rounded to the nearest dollar)?
Answers
5770 dollars placed now into an account earning 5% compounded quarterly will total $80,000 after 25 years.
Every four or three months, quarterly?On a corporation's economic calendar, a quarterly is a three-month period that serves as the foundation for recurring financial statements and dividend payments. An acronym for a quarter, which stands for one-fourth of a year, is Q1 for the first qtr, Q2 for the 2nd period, and so on.
Briefing:
Earns 5% compounded quarterly so that it accumulates to $80,000 in 25 years.
Now, principal(P) = to find
rate(r) =5% = 0.027
Time(a) = 25years,
n = 4
Apply compound interest identity, Amount = principal[1 + r/n]ⁿᵃ
80,000=\(P[ 1 + 0.5/4]^{4*25}\)
80,000= 130392.3P
P = 61353
Thus, the required amount that was deposited today that accumulated to $80,000 is $61353.
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Related Questions
Which of the following is a technological trend affecting consumer behavior?
O A. Using mobile devices
B. Having reference groups
O C. Meeting affiliation needs
O D. Evaluating purchases
Answers
Answer:using mobile devices
Explanation:
by wr
workbook:
1.1 Assets minus Owner's Equity
A. Current liabilities
B. Capital
C. Liabilities
D. Current assets
Answers
Answer:
C. Liabilities
Explanation:
Financial accounting can be defined as the field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time.
Owner's equity is simply what a person owns outrightly and it is also referred to as net worth. It can be defined as the value of financial and non-financial assets owned by a person minus the total outstanding liabilities or debts of that person. Simply stated, owner's equity refers to the difference between the amount a person own (asset) and the amount owed (liability).
Mathematically, net worth is given by the formula;
\( Owner's \; equity = Total \; assets - Total \; liabilities\)
Making liabilities the subject of formula, we have;
\( Total \; liabilities = Total \; assets - Owner's \; equity \)
In Financial accounting, liability can be defined as the amount of money being owed by an individual or organization to another.
Simply stated, liability is a debt being owed and as such it usually has "payable" in its account title on the balance sheet.
Generally, liabilities are recorded on the right side of the balance sheet and it comprises of financial informations such as warranties, bonds, loans, deferred revenues, mortgages, account payable etc.
Hence, Assets minus Owner's Equity is equal to Liabilities.
This industry type is likely to be the most inefficient by producing less and driving the price up:
Oligopoly
Perfect Competition
More than one of these is correct
Monopolistic Competition
Pure Monopoly
Answers
Monopolistic Competition is likely to be the most inefficient by producing less and driving the price up.
This is because in monopolistic competition, there are many firms competing with each other, but they produce differentiated products that are not perfect substitutes for each other. As a result, each firm has some market power and can influence the price of its product. However, since there are many firms, the market is still relatively competitive, and firms must compete on price and quality to attract customers.
In this type of market structure, firms may engage in non-price competition, such as advertising and branding, which can increase their costs and reduce efficiency. Additionally, since products are not perfect substitutes, firms may have some degree of market power, which can lead to inefficiencies such as underproduction and higher prices.
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Marlo is a compulsive shopper. He shops for apparel online. He wants to get rid of the habit. He seeks help from his friend Thomas. Thomas
creates a financial plan for Marlo to follow. His goal is to curb the urge to shop and save money for college. List the steps in order that Mario
should take towards financial planning.
Determine his financial goal.
Determine Mario's current
financial standing.
Create a financial plan aiming
to save money for college.
Determine possible risks that
Mario can take.
Review and revise the plan
regularly.
Answers
Answer:
Determine Mario's current financial standing.
Determine his financial goal.
Determine possible risks that Mario can take.
Create a financial plan aiming to save money for college.
Review and revise the plan regularly.
Explanation:
Plato
Marlo's goal is to curb the urge to shop and save money for college. List the steps in order that Mario are:
Determine Mario's current financial standing.Determine his financial goal.Determine possible risks that Mario can take.Create a financial plan aiming to save money for college.Review and revise the plan regularly.What is college?The term “college” refers to an educational institute. The students are expected to learn and educate on a specific topic. The college is part of the university. A college provides the degree of the students who clear the sessions. The college students are learning something on the course.
According to the case was the based on the save money for college are:
Ascertain Mario's present financial situation.Determine his financial objective.Determine the risks Mario is willing to take.Make a financial plan with the goal of saving money for education.Review and adjust the plan on a regular basis.As a result, the Marlo's goal is to curb the urge to shop and save money for college. List the steps in order that Mario.
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Which of the following are the factors that should be considered when identifying appropriate savings vehicles? Check all that apply. The level of past interest rates Your preference of higher risk and higher returns or low risk and low returns. The length of time you would need to use the savings.
Answers
Your preference of higher risk and higher returns or low risk and low returns. The length of time you would need to use the savings these should be considered . Option B and C are correct .
While high-risk investments may offer higher returns than other types of investments, they also put your money at greater risk. This indicates that high-risk investments have the potential to yield high returns if everything goes according to plan. Options, penny stocks, and leveraged exchange-traded funds are examples of high-risk, high-return investments. In general, individual investment positions' risks are lessened by a diversified portfolio.
A higher risk is associated with a greater likelihood of a higher return, while a lower risk is associated with a greater likelihood of a lower return.
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Complete question as follows :
Which of the following are the factors that should be considered when identifying appropriate savings vehicles? Check all that apply.
A. The level of past interest rates
B. Your preference of higher risk and higher returns or low risk and low returns.
C. The length of time you would need to use the savings.
View the Amortization Table and use it to answer each question. According to the chart, Demarco and Tanya will pay a total of in interest over the life of their loan. This means their total cost, including the purchase price, is approximately . This amount is than what they would pay in total using the fixed-rate mortgage.
Answers
Answer:According to the chart, Demarco and Tanya will pay a total of
✔ $195,104
in interest over the life of their loan.
This means their total cost, including the purchase price, is approximately
✔ $365,104
.
This amount is
✔ higher
than what they would pay in total using the fixed-rate mortgage.
Explanation:
MAKE THIS THE BRAINLY
Answer:
According to the chart, Demarco and Tanya will pay a total of
✔ $195,104
in interest over the life of their loan.
This means their total cost, including the purchase price, is approximately
✔ $365,104
This amount is
✔ higher
than what they would pay in total using the fixed-rate mortgage.
Explanation:
I took this and these were the correct answers. :)
Clarity the similarities and differences
between plough and tractor.
Answers
Answer:
Explanation:
1. Plough is a local technology whereas Tractor is a modern technology.
2. Plough requires human energy whereas Tractor does not require much human energy.
3. Plough doesn’t affect the environment whereas Tractor affects the environment.
4. Lever technology is used in Plough whereas Rolling technology is used in Tractor.
5. Plough requires or consumes more time whereas Tractor consumes less time.
Hope this helped!!!
g employers' responsibilities for payroll do not include: multiple choice filing form 940, the annual federal unemployment tax return. recording an expense for the employee federal income tax withholding. filing form 941, the employer's quarterly federal tax return. maintaining individual earnings records for each employee. providing each employee with an annual report of his or her wages subject to federal insurance contributions act (fica) and federal income taxes along with the amount of these taxes withheld.
Answers
The employers' responsibilities for payroll are extensive, but they do not include filing form 940, the annual federal unemployment tax return.
This form is filed by employers to report and pay their share of unemployment taxes to the federal government. However, employers are responsible for recording an expense for the employee federal income tax withholding, which is the amount of money taken out of an employee's paycheck for federal income taxes.
They are also responsible for filing form 941, the employer's quarterly federal tax return, which reports the amount of federal income tax, social security tax, and Medicare tax withheld from employees' paychecks. Employers must also maintain individual earnings records for each employee and provide each employee with an annual report of his or her wages subject to federal insurance contributions act (FICA) and federal income taxes along with the amount of these taxes withheld.
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Penny Cassidy is considering forming her own pool service and supply company, Penny's Pool Service & Supply, Inc. (PPSS). She has decided to incorporate the business to limit her legal liability. She expects to invest $ 20,000 of her own savings and receive 1,000 shares of common stock. Her plan for the first year of operations forecasts the following amounts at December 31, the end of the current year: Cash in bank, $ 2,900 ; amounts due from customers for services rendered, $ 2,300 ; pool supplies inventory, $ 4,600 ; equipment, $ 28,000 ; amounts owed to Pool Corporation, Inc. , a pool supply wholesaler, $ 3,500 ; note payable to the bank, $ 5,000. Penny forecasts first-year sales of $ 60,000 , wages of $ 24,000 , cost of supplies used of $ 8,200 , other administrative expenses of \,500 , and income tax expense of $ 4,000. She expects to pay herself a $ 10,000 dividend as the sole stockholder of the company.
Required: If Penny's estimates are correct, what would the following first-year financial statements look like for Penny's Pool Service & Supply (use Exhibits 1. 2,1. 3 , and 1. 4 as models)?
(c) Balance sheet
Answers
Based on Penny's estimates, the first-year financial statements would look like the following for Penny's Pool Service & Supply and show retained earnings of $9,300.
a) Penny's Pool Service & Supply
Income StatementFor the first year ended December 31
Sales $60,000
Wages $24,000
Supplies Expense 8,200
Administrative Expense 4,500 $36,700
Operating Income $23,300
Income tax expenses 4,000
Net Income $19,300
b) Penny's Pool Service & Supply
Statement of Retained EarningsFor the first year ended December 31
Net Income $19,300
Dividends $10,000
Retained earning $9,300
c) Penny's Pool Service & Supply
Balance SheetAs of December 31
AssetsCurrent Assets:
Cash $2,900
Accounts Receivable 2,300
Supplies Inventory 4,600
Total current assets $9,800
Equipment $28,000
Total assets $37,800
Liabilities and EquityCurrent liabilities:
Accounts Payable $3,500
Long-term liabilities:
Note Payable $5,000 $8,500
Equity:
Common Stock $20,000
Retained Earnings 9,300 $29,300
Total liabilities and equity $37,800
Data and Calculations:Cash $20,000 Common Stock $20,000
Forecasts at December 31:
Cash $2,900
Accounts Receivable $2,300
Supplies Inventory $4,600
Equipment $28,000
Accounts Payable $3,500
Note Payable $5,000
Sales $60,000
Wages $24,000
Supplies Expense $8,200
Administrative Expense $4,500
Income tax expenses $4,000
Dividends $10,000
Thus, the Retained Earnings for the forecast first year would be $9,300.
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No real question. But anyone know this answer, If your are a doctor, DO ANY of you know how to bring a frozen person back to life. I looked it up and it said a human that is frozen can be brought back to life, I just want to double-check
Answers
Answer:
prob melt them with fire but you gotta be careful because you can burn then if not i guess just use potions or something?
Explanation:
How do any of these life decision problems
Answers
Answer:
baseially you are putting in a person is affecting your life. you come up with a solution. write a postive way to solve it then right a negavitve way to solve it. then write when you are going to solve your problem. then the steps that are needed.
*Hi my name starts with J so please choose the country to compare with Singapore stating with letter J*
NOTE: Please dont take answer from coursehero.
You are given a task to make a report on the electrical power generation of a country of your choice and compare it against Singapore's power generation. Each student is expected to select a different country for this assignment. The country that you select must start with the first letter of your first name (For example if your first name is Mary then you choose a country name that starts with the letter M ( for example Malaysia)).
You can obtain and review information from authoritative and reliable websites such as IEEE, IET, International Energy Agency, and Electricity Authorities of various countries.
You are encouraged to use the following sectional headings in your report.
1. Introduction
Provide a brief description of background information of the Electrical Power System of Singapore and the chosen country.
2. Electricity Generation Mix
Obtain the latest information about the Electricity Generation Mix, Installed Capacity, maximum demand, and reserve margin from a reliable source(s) and present it in the form of graphs/charts for Singapore and the chosen country. Provide analysis and description of electricity generation mix of the selected country and make a comparison between the 2 countries.
3. Renewable Energy
Obtain latest information about types of renewable energy and the contribution by renewable energy in electricity generation and present it in the form graph/chart for both countries.
What are future plans of both countries in respect of renewable energy (present it in the form graph/chart)? Provide your comments and observations.
4. Summary and Conclusions
Observations and conclusions, you can draw from this study. Your suggestions and recommendations for any improvements.
Answers
The electrical power system refers to the set of technologies, equipment, and facilities required to generate, transmit, distribute, and deliver electricity to consumers. Provide a brief description of the electrical power system in Singapore and the chosen country.
Section 2: Electricity Generation Mix Obtain the latest information about the electricity generation mix, installed capacity, maximum demand, and reserve margin from a reliable source(s) and present it in the form of graphs/charts for Singapore and the chosen country. Provide analysis and description of electricity generation mix of the selected country and make a comparison between the two countries.
In this section, you should analyze the electricity generation mix of both countries. Electricity generation mix refers to the types of energy sources used to generate electricity, such as coal, natural gas, nuclear, hydro, wind, solar, and others. Present the data in the form of graphs and charts and analyze the differences and similarities between the two countries.
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Kevin Carter Male Clothing Ltd is a chain of fashion outlets across Birmingham and the
midlands. In quarter 1 they had inflows of £540,000 across their three stores, with outflows
of £495,000. Their opening balance for the quarter was £20,000. For quarter 2 they
anticipate inflows to increase by 7.5% and outflows increase by 5%. Calculate their closing
balance for Quarter 2.
Answers
Internal audits, the use of firewalls, employee disciplinary processes, training, and other practices are a few examples of internal controls. Threats that could hurt the business and lead to asset loss are a reality for all enterprises.
What Are Preventive Internal Controls?Internal controls that prevent negative events from happening are implemented for the reason that their name suggests. For instance, numerous programs include built-in safeguards to prevent the entry of inaccurate data.The most effective controls are those that prevent mistakes from happening in the first place. Even better are automated preventative controls, which simplify audits and do away with the need for human intervention.An example of a preventative internal control
Internal controls to prevent unfavorable outcomes include training programs, drug testing, firewalls, computer and server backups, and more.The Complete Question.
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Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.
Answers
A family can have more than one person contributing to the household income for a better financial position.
\(\huge{\mathfrak{\colorbox{black}{\textcolor{lime}{I\:hope\:this\:helps\:!\:\:}}}}\)
♥️ \(\large{\underline{\textcolor{red}{\mathcal{SUMIT\:\:ROY\:\:(:\:\:}}}}\)
Lee Ray bought 250 shares of a mutual fund with a NAV of $13.85. This fund also has a load charge of 7%.
a. What is the offer price? (Round your intermediate and final answer to the nearest cent.)
b. What did Lee pay for his investment? (Round your intermediate and final answer to the nearest cent.)
Answers
Answer: a. $14.9
b. $3725
Explanation:
a. What is the offer price?
This will be calculated as:
= NAV / (1 - load charge %)
= 13.85 / (1 - 7%)
= 13.85 / (1 - 0.07)
= 13.85 / (0.93)
= $14.9
B. What did Lee pay for his investment?
This will be:
= Number of shares bought × Offer price
= 250 × $14.9
= $3725
We can reduce the margin of error in an interval estimate of p by doing any of the following except: a. reducing the confidence coefficient. b. increasing the planning value p* to .5. c. increasing the level of significance. d. increasing the sample size.
Answers
Any of the following, with the exception of increasing the sample size, can reduce the margin of error in an interval estimate of p.
What three factors influence a confidence interval's margin of error?The margin of error in a population mean confidence interval estimate is influenced by three factors: size of the sample, population variability, and confidence level.
What are two strategies that will diminish the room for give and take in a certainty stretch?You can make more observations by using a larger sample size. As a result, a smaller interval will surround your sample statistic. You can get a more precise estimate of a population parameter by collecting more data.
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accounts receivable from sales transactions were $45,317 at the beginning of the year and $64,945 at the end of the year. net income reported on the income statement for the year was $106,656. exclusive of the effect of other adjustments, the net cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is
Answers
A cash flow statement, also known as a statement of cash flows, reveals how much money is made and spent during a specific period of time. One of the primary financial statements used by analysts when creating a three-statement model is this one.
Comparing the cash from operations to net income is one of the main reasons cash inflows and outflows are tracked. This comparison enables investors, analysts, and management of the company to assess how effectively a company is managing its operations. The company's actual revenue from operations is shown in the cash flow statement.
In the given question,
Account Receivables at the beginning = $45,317
Account Receivables at the end = $64,945
Net Increase in Account Receivables = $64,945 - $45317
= $19,628
Net Income = $106,656
We know that, when there is an increase in Account receivables, the same is deducted from the Net Profit under Operating Activities.
Therefore,
$106,656 - $19,628 = $87,028
Therefore, $87,028 will be reported under net cash flows from operating activities in the cash flow statement.
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Points, Yum...much yum.
Answers
Answer:
yes yes
Explanation:
yumyumyumyumuum
Answer:
Thank you Yum yum yum yum.
Which of these statements is something an effective project manager would most likely say?
OA "have the most experience on the team, so I keep most of the work for myself."
OB. "I'm the one in charge, so I don't do much or any of the actual work."
OC "decide which team member will complete which tasks, and I try to let them make their own decisions on those tasks."
OD. "divide up the work for the different team members, but I make sure that I am the one making all of the decisions."
Answers
Answer:
c
Explanation:
letting the team make some of the decisions help to be a better team
how many white people said the n word
Answers
Answer:2,728,146,373,648,273,438,956,857,326,726
Explanation: I live on earth
list one career cluster and three career pathways related to this cluster
Answers
Answer:
Business Management & Administration: General Management pathway: general manager: Walmart.
Business Management & Administration: Business Information Management pathway: IT manager: Walmart.
Business Management & Administration: Human Resources Management pathway: HR director: Meijers.
Business Management & Administration: Operation Management pathway: Operations manager: Meijers.
Business Management & Administration: Administrative Support pathway: Administrative assistant: Kroger.
Finance: Securities & Investments pathway: Bank teller: Huntington.
Finance: Business Finance pathway: accountant: Kroger.
Finance: Accounting pathway: auditor: H&R Block.
Finance: Insurance pathay: insurance claim agent: Amica.
Finance: Banking Services pathways: bank teller: Huntington.
Marketing: Marketing Management pathway: forecast manager: Adidas.
Marketing: Professional Sales pathway: salesperson: Adidas.
Marketing: Merchandising pathway: Sales Promotion manager: Walmart.
Marketing: Marketing Communications pathway: Advertising manager: Adidas.
Marketing: Marketing Research pathway: product planner: Nikes.
Explanation:
Business management and administration can be one of the career clusters.
What is a career?You maintain the same line of employment when you have a career. A profession can consist of one or several jobs. You may work for a single corporation or several. A career education, experience, and professional experience. A career is often referred to as a "career path."
One of the career clusters is a business management and administration.
Three paths to careers in this cluster
Management of corporate information will help them to become managers and know how to handle people.Management, in general, will help in smooth working. Human resource administration will make sure that the relationship between the employee and the employer is working smoothly.Learn more about career, Here:
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What is financial literacy?
- the ability to understand how to make sound financial choices so you can confidently manage and grow your money
- the financial management that an individual or a family unit performs
- the shift in the structure of an economic system
- the money that a person, a region, a country, etc. earns from work, from investing money, from business, etc
Answers
Financial literacy refers to the knowledge and skills that individuals have to make informed and effective decisions with respect to the management of their money. This can include understanding financial concepts such as budgeting, saving, investing, and credit management, as well as being able to navigate financial systems and institutions. Financial literacy also includes understanding the risks and rewards of different financial products and services and how to plan for short-term and long-term financial goals.
Having financial literacy skills can help individuals make the most of their financial resources, and can also help to reduce financial stress and anxiety. It enables individuals to be more financially stable, secure and independent in the long run. It also can help to avoid financial scams, and make sound decisions in times of economic crisis or uncertainty.
Financial literacy is important for people of all ages and income levels, as everyone must deal with financial issues and decisions throughout their lives.
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Answer:1)The ability to understand how to make sound financial choices so you can confidently manage and grow your money.
2) The CEO of the Finance Bar
3) Tracking your income and expenses
4) The financial management which an individual or a family unit performs
5) your language
Explanation: Just took the quiz 5/5
A celebrity tells the paparazzi where to be so they can be photographed with their newest date: the son of a
politician who opposes the type of media the celebrity appears in. What marketing concept MOST closely describes
the celebrity's actions?
push marketing
pull marketing
O
buzz
O
hype
Answers
In case whereby A celebrity tells the paparazzi where to be so they can be photographed with their newest date and the son of a politician who opposes the type of media the celebrity appears the marketing concept that describes celebrity's actions is Push marketing.
What is Push marketing?Push marketing can be described as the type of marketing which is been considered as the traditional avenues of advertising and marketing, which can make use of the series of television ads so tat they can promotion about the products for more sales in the company.
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john bought a small boat for $17,000. he made a $2,500 down payment on it. the bank's loan was for 60 months. finance charges totaled $4,900. his monthly payment is: multiple choice $332.33 none of these $313.33 $232.33 $323.33
Answers
John's monthly payment is $323.33.
Monthly payment refers to the mode of repayment where a person repay any amount taken as a debt on a monthly basis.
John purchased a small boat for $17,000. While purchasing it, he made the down payment of $2,500 which made the remaining amount as $17000-$2500=$14500.
Now, the total charges added as finance amount make the total amount as $19400.
Since the repayment tenure for the loan was 60 months, to find the monthly payment amount, we need to calculate it as-
Total amount including finance charges ÷ loan tenure which is $19400÷60 = $323.33
Therefore, the answer is $323.33
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In 2-5 paragraphs, discuss the process you would use to determine whether Internet resources are suitable and reliable sources of information.
Answers
In premiere, each record in the tbltransaction must identify at least one member from the tblmember. Yet, some members never make a single purchase while others make frequent purchases. The maximum cardinality shows a ________ relationship between the two tables.
Answers
The maximum cardinality shows a one-to-many relationship between the two tables.
Cardinality is a relationship between two tables. The cardinality shows how the values in one table are related to the values in another table. The different types of cardinality are 1-to-1, 1-to-many, and many-to-many. Cardinality of a database is the ability of one table to associate data with another table. This creates a relationship between the two tables. Cardinality is based on the way data is associated with the other table. There are three types of cardinality:
one-to-one, one-to-many, and many-to-many.
The maximum cardinality shows a one-to-many relationship between the two tables. A one-to-many relationship is a type of cardinality that involves a single record in one table that links to multiple records in another table. It is the most common type of cardinality.
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Resolve (7x+19)/(x+1)(x+5) into partial fraction
Answers
Answer:
\(\dfrac{7x+19}{(x+1)(x+5)}=\dfrac{3}{x+1}+\dfrac{4}{x+5}\)
Explanation:
The given expression is
\(\dfrac{7x+19}{(x+1)(x+5)}\)
We need to resolve this into partial fraction.
The form of the partial fraction decomposition is
\(\dfrac{7x+19}{(x+1)(x+5)}=\dfrac{A}{x+1}+\dfrac{B}{x+5}\) ...(1)
\(\dfrac{7x+19}{(x+1)(x+5)}=\dfrac{A(x+5)+B(x+1)}{(x+1)(x+5)}\)
\(7x+19=Ax+5A+Bx+B\)
\(7x+19=(A+B)x+(5A+B)\)
On comparing both sides, we get
\(A+B=7\) ...(2)
\(5A+B=19\) ...(3)
Subtract (2) from (3), we get
\(4A=12\)
\(A=3\)
Put A=3 in (1).
\(3+B=7\)
\(B=4\)
Put A=3 and B=4 in (1).
\(\dfrac{7x+19}{(x+1)(x+5)}=\dfrac{3}{x+1}+\dfrac{4}{x+5}\)
Therefore, \(\dfrac{7x+19}{(x+1)(x+5)}=\dfrac{3}{x+1}+\dfrac{4}{x+5}\) .
do office and sales salaries fall under factory overheads in manufacturing accounts
Answers
Answer:
No, office and sales salaries do not fall under factory overheads in manufacturing accounts. Factory overheads are the indirect costs that are associated with the production of goods that cannot be directly attributed to a specific product, such as utility bills, rent, equipment depreciation, and maintenance costs. Salaries for office and sales staff are considered indirect costs as they are expenses incurred to support the overall operation of the business, not just the production of goods. These salaries are typically classified as selling and administrative expenses, which are separate from the factory overheads.
HELP QUICK PLEASE!!!!! William is not generally a risk-taker, but he knows he may need to step out of his comfort zone to make enough money for retirement. Which investment option would best meet William’s needs?
a US savings bond
a savings account
a commodity
a certificate of deposit
Answers
longstreet inc. has fixed operating costs of $410,000, variable costs of $2.75 per unit produced, and its product sells for $3.75 per unit. what is the company's break-even point, i.e., at what unit sales volume would income equal costs? a. 331,500 b. 266,500 c. 290,000 d. 341,667 e. 410,000
Answers
The company will have a break-even point of is 410000 units while it has a fixed operating cost.
What does "break-even point" mean?When entire costs and total revenues balance, the break-even point is reached, leaving your small business with no net gain or loss.
What is break-even analysis?A small-enterprise accounting method called "break-even analysis" can be used to estimate when a business, or a novel good or service, would become successful. The number of goods or services you must sell to at least pay your production expenses is calculated from a financial perspective.
Briefing:
Contribution Margin = Selling price - Variable costs
= 3.75 - 2.75
= $1.00 per unit
break-even point = F/ C
where f= fixed cost
and c= contribution margin
= 410000 / 1.00
= 410,000 units
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