please answer within 30 minutes.. wa Cutting is opening a new line of scissors for supermarket distribution. It estimates its fixed cost to be $500.00 and its variable cost to be $0.55 per unit. Selling price is expected to average$0.65 pera) For Achonwa Cutting, the break-even point in units-units (enter your response as a whole number).

Solution: Break even point is that point of a level of volume where the contribution margin becomes…

Answered: Cutting is opening a new line of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Peg Gasperoni bought a $50,000 life insurance policy for $190 per year. Ryan Life Insurance Company sent her the following billing instructions along with a premium plan example: "Your insurance premium notice will be mailed to you in a few days. You may pay the entire premium in full without a finance charge or you may pay the premium in installments after a down payment and the balance in monthly installments of $50. The finance charge will be added to the unpaid balance. The finance charge is based on an annual percentage rate of 18%." If the total policy premium is: $190 290 390 And you put down: Finance Charge $50.00 70.00 95.00 The balance subject to finance charge will be: $140.00 220.00 295.00 $ 4.96 The total number of monthly installments ($30 minimum) will be: Peg feels that the finance charge of $4.35 is in error. a. What is the actual finance charge for the first three months? Note: Round your answer to the nearest cent. 3 5 6 The monthly installment before adding the…
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Cutting is opening a new line of scissors for supermarket distribution. It estimates its fixed cost to be $500.00 and its variable cost to be $0.55 per unit. Selling price is expected to a 50.65 per a) For Achonwa Cutting, the break-even point in units units (enter your response as a whole number).