Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 06, 2024

6. Nike shoes manufacturer produces a pair of air Jordan shoes at a labor cost of P900 a pair and a material cost of P800

6. Nike shoes manufacturer produces a pair of air Jordan shoes at a labor cost of P900

a pair and a material cost of P800 a pair. The fixed charges on the business are

P5,000,000 a month and the variable cost are P400 a pair. Royalty to Michael Jordan is

P1,000 per pair of shoes sold. If the shoes sale at P5,000 a pair, how many pairs must

be produce each month for the manufacturer to breakeven?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

China Under Mao A Revolution Derailed

Authors: Andrew G Walder

1st Edition

0674975499, 9780674975491

More Books

Students also viewed these Economics questions

Question

★★★★★

Create a corporate policy designed to minimize inventory shrinkage related to theft, stocking errors, shipping errors, etc., indicating how the policy will be enforced and procedures that may need to...

Answered: 1 week ago

Question

★★★★★

Rewrite Programming Exercise 20.5 using a thread to animate bouncing ball movements. The example in Section displays multiple bouncing balls. Extend the example to detect collisions. Once two balls...

Answered: 1 week ago

Question

★★★★★

2. If Michael does not choose the appropriate behavior, deliver the negative consequences. (You are choosing to have me call the principal.) Follow through with the consequence.

Answered: 1 week ago

Question

★★★★★

Following are the four assertions about account balances that can be applied to the audit of a companys PP& E, including assets the company has constructed itself: existence, rights and obligations,...

Answered: 1 week ago

Question

★★★★★

The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter...

Answered: 1 week ago

Question

★★★★★

Prepare a 2018 balance sheet for Rogers Corporation based on the following information: Cash = $280,000; Patents and copyrights = $790,000; Accounts payable = $390,000; Accounts receivable =...

Answered: 1 week ago

Question

★★★★★

1. Assume the demand function for good Y is as follows: D = 850 + 21+ 15Px 1315 where QD 2 Quantity demanded of good Y, I = Average income, PK 2 Price of good X and PY 2 Price of good Y. (a)...

Answered: 1 week ago

Question

★★★★★

During the 2023 income year, Nilpa (a resident taxpayer) received the following: Net salary from employer (PAYG of $30,000 was withheld) $90,000 Allowance from employer $10,000 Cash prize from...

Answered: 1 week ago

Question

★★★★★

510. Definitions for a multicomponent flash are as follows: x, yi liquid and vapor mole fractions, respectively = feed mole fraction Zj K =y/x-equilibrium constant L,V, F liquid, vapor, and feed...

Answered: 1 week ago

Question

★★★★★

Suppose the Ashland Shakespeare Festival is hiring a new music director. The group gives all applicants for the position three tests: (1) a work-sample test, in which each applicant is asked to score...

Answered: 1 week ago

Question

★★★★★

student question Everyone knows how high the cost of prescription medicines is these days, and many Americans dislike having to pay significantly more than Canadians or Europeans do for the very same...

Answered: 1 week ago

Question

★★★★★

8. Websites such as Sporting News (http://aol.sportingnews .com/ncaa-basketball/story/2009-07-29/sporting-news- 50-greatest-coaches-all-time) occasionally run a story listing what they call the...

Answered: 1 week ago

Question

★★★★★

Review your employee manual to delete statements that could undermine your defense in a wrongful discharge case. For example, delete employees can be terminated only for just cause.

Answered: 1 week ago

Question

★★★★★

2. Do you think that Vice President Winchester would be better off dropping graphic rating forms, substituting instead one of the other techniques discussed in this chapter, such as a ranking method?...

Answered: 1 week ago

Previous Question Next Question