Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.3 John has a lemonade stand and he sells lemonade in his neighbourhood. His business has a fixed cost of R200 per month and it

1.3 John has a lemonade stand and he sells lemonade in his neighbourhood. His business has a fixed cost of R200 per month and it costs him R1.50 to produce a glass of lemonade. John decided to sell each glass of lemonade for R3.00. Calculate the following: 1.3.1 Break-even volume per month (4) 1.3.2 How many glasses of lemonade does John need to sell in order to make a profit? (2) 1.3.3 The increase in profit if the monthly sales of 750 units is increased by 10%. (6)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Statement Analysis Accounting Ratio Analysis

Authors: Commerce Central

1st Edition

979-8862220773

More Books

Students also viewed these Accounting questions

Question

What Is acidity?

Answered: 1 week ago

Question

Explain the principles of delegation

Answered: 1 week ago

Question

State the importance of motivation

Answered: 1 week ago

Question

Discuss the various steps involved in the process of planning

Answered: 1 week ago

Question

What are the challenges associated with tunneling in urban areas?

Answered: 1 week ago

Question

13-4 What are alternative methods for building information systems?

Answered: 1 week ago

Question

13-1 How does building new systems produce organizational change?

Answered: 1 week ago