Ethan wants to cash in on the increased demand for ethanol . Accordingly , he purchased a corn farm in Mindanao . Ethan believes his corn crop can be sold to an ethanol plant for P4 . 80 per kilo , Variable cost associated with growing and selling a kilo of corn is P4. 00. Ethan's annual fixed cost is P132 , 000 . Required:
Ethan wants to cash in on the increased demand for ethanol . Accordingly , he purchased a corn farm in Mindanao . Ethan believes his corn crop can be sold to an ethanol plant for P4 . 80 per kilo , Variable cost associated with growing and selling a kilo of corn is P4. 00. Ethan's annual fixed cost is P132 , 000 . Required:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
What is the break even point in sales peso and kilos of corn
![4G+
6:19 PM ě
0.8KB/s l 75
01:40:05 Remaining
Fill in the Blank
Ethan wants to cash in on the
increased demand for ethanol .
Accordingly , he purchased a corn
farm in Mindanao . Ethan believes
his corn crop can be sold to an
ethanol plant for P4. 80 per kilo ,
Variable cost associated with
growing and selling a kilo of corn is
P4. 00. Ethan's annual fixed cost is
P132 , 000 .
Required:
What is the break-even point in
4 of 20](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8ce9c530-9b03-4668-a22b-eb537683a23e%2F0d598570-a949-4d6d-89b6-40c7daa6b95b%2F5hvv9uk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:4G+
6:19 PM ě
0.8KB/s l 75
01:40:05 Remaining
Fill in the Blank
Ethan wants to cash in on the
increased demand for ethanol .
Accordingly , he purchased a corn
farm in Mindanao . Ethan believes
his corn crop can be sold to an
ethanol plant for P4. 80 per kilo ,
Variable cost associated with
growing and selling a kilo of corn is
P4. 00. Ethan's annual fixed cost is
P132 , 000 .
Required:
What is the break-even point in
4 of 20
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