7. If you want net income to be $120,000, how many units must you sell ?

Q: A furniture retailer is considering two sales prices on his new sofa, which cost him $426 from the…

A: For Margin : Margin = (Price - Cost) / Price   For Markup : Markup = (Price - Cost) / Cost

Q: If cost of goods sold is $520,000 and the gross profit rate is 20%, what is the gross profit? Select…

A: The objective of the question is to calculate the gross profit given the cost of goods sold and the…

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A: Break even sales cover all fixed and variable costs and at this point, the business earns neither…

Q: Problem #3 - split off cost decisions. Once again back at Vandelay Industries which makes latex…

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Q: e the company's overall profit if it sells exactly the break-even qua

A: Breakeven Point is a point at which the company makes no profit or loss. It is where the…

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A: Hello. Since your question has multiple parts, and the first part has incomplete information we will…

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A: Variable costs are costs that varies with the change in level of output. Fixed costs are costs that…

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A: Calculating the result: The difference between the selling price and cost is generally profit.  This…

Q: If the sale price is 30% more than costs, and the profit for each sold unit is GHS 120, the cost…

A: Cost price per unit = Profit / Profit % of cost

Q: A firm has a cost function C(x)=10x+107, where x represents the number of units produced. the firm's…

A: Variables in the question: Cost function: C(x)=10x+107Revenue function: R(x)=38x

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A: The contribution margin (CM) is the amount left after paying for all variable expenses. It is…

Q: Suppose that the utility function for two goods X and Y is given by  U = x2y. (a) Write the…

A: Ans. ) Given the utility function for two goods X and Y is given by: U = x2y, where x and y…

Q: 10) An entrepreneur conducted research for a new product indicates that it can be sold for $75 per…

A: The break even sales are calculated as fixed costs divided by contribution Margin Ratio. The…

Q: 5. Sales = 4,000 units @ OMR 10 per unit Break-even point = 1500 units Fixed cost = OMR 3000 What is…

A: Break-even point = Fixed Cost / (Selling price - Variable cost per unit) 1500 units = OMR 3000 /…

Q: Questions 9, 10 and 11 are independent of each other 9) Looking at the original data, you are…

A: The objective of this question is to determine the number of units that need to be sold to increase…

Q: 1. The function of a company's product to produce output at the level of input use is Q=-1/3x3 +9x3…

A: Introduction Output Price The output price index estimates the average change in price of all…

Q: f. If the selling price increases by $4 per unit and the sales volume decreases by 200 units, what…

A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…

Q: Part 2. Rhiner Company prepared the following contribution format income statement based on a sales…

A: Contribution margin income statement is an income statement which shows contribution margin amount…

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Q: Suppose that the profit (in dollars) from the sale of Kisses and Kreams is given by P(x, y) = 10x +…

A: Ans:

Q: 52) Selling price is $30/unit, VC is $21/unit, Fixed costs are $360,000, net income is currently…

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A: Part 1 Increase in sale units=35000×100+14%=39900

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A: Break-even sales in dollars is the amount of sales that is equal to the company's expenses,…