FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company's fixed operating costs are $720,000, its variable costs are $3.75 per unit, and the product's sales price is $4.70. What is the company's

A company's fixed operating costs are $720,000, its variable costs are $3.75 per unit, and the product's sales price is $4.70. What is the company's break-even point; that is, at what unit sales volume will its income equal its costs? Round your answer to the nearest whole number.

units

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_2

Step: 3

blur-text-image_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

The Ascendancy Of Finance

The Ascendancy Of Finance

Authors: Joseph Vogl, Simon Garnett

1st Edition

1509509305, 978-1509509300

More Books

Students also viewed these Finance questions

Question

★★★★★
The following accounts appear in an adjusted trial balance of Fastback Consulting. Indicate whether each account would be reported in the (a) Current asset; (b) Property, plant, and equipment; (c)...

Answered: 1 week ago

Question

★★★★★
A coal-powered power plant requires a heat transfer of 2.5 x 1014 J into the plant is per full day of operation, with an efficiency of 36%. If the turbines in the power plant were upgraded to improve...

Answered: 1 week ago

Question

★★★★★
2. What recommendations would you make to improve the compensation system in a way that would likely improve customer satisfaction? Purpose: The purpose of this exercise is to give you practice...

Answered: 1 week ago

Question

★★★★★
Your team is to prepare a budget report outlining the costs of attending college (fulltime) for the next two semesters (30 hours) or three quarters (45 hours). This budgets focus is solely on...

Answered: 1 week ago

Question

★★★★★
What is the risk free rate return(rf)? According the CAPM Job Beta Expected Return Fencing 1.5 14.16% Decking 1.2 7.4% Framing 0.6 ?

Answered: 1 week ago

Question

★★★★★
Polar Skateboard's sales are expected to increase by 20% from $7.6 million in 2016 to $9.12 million in 2017. Its assets totaled $5 million at the end of 2016. Polar Co is already at full capacity, so...

Answered: 1 week ago

Question

★★★★★
In September, Numbers Incorporated sold 40,000 units of its only product for $240,000 and incurred a total cost of $225,000, of which $25,000 was fixed costs. The flexible budget for September showed...

Answered: 1 week ago

Question

★★★★★
Show your work in Excel Your vendor/supplier calls and says they need to go up 10% on your cost. You currently have a 20% Gross Margin. If you don't change your retail, what will your new gross...

Answered: 1 week ago

Question

★★★★★
Riverbed Inc. issues 4,750 shares of $100 par value preferred stock for cash at $130 per share. Journalize the issuance of the preferred stock. (List all debit entries before credit entries. Credit...

Answered: 1 week ago

Question

★★★★★
In January 2019, Cordova Company entered into a contract to acquire a new machine for its factory. The machine, which has a cash price of $220,000, was paid for as follows: Down payment $70,000 Note...

Answered: 1 week ago

Question

★★★★★
Chantal Sinclairworks for Blossom Cosmetics inAlbertaand is paid an annual salary of$55,142.00on abi-weeklybasis. Earlier this yearChantalreceived a performance bonus of$3,375.00. She was recently...

Answered: 1 week ago

Question

★★★★★
(10) What will differentiate your organization from competitors over the next threefive years?

Answered: 1 week ago

Question

★★★★★
(3) What does a good leader look like now and in the future?

Answered: 1 week ago

Question

★★★★★
(1) What are the top five leadership principles required for success in your business?

Answered: 1 week ago

Previous Question Next Question