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Brad was a professional classical guitar player until a motorcycle accident at left him disabled. After long months of therapy, he hired an experienced luthier
Brad was a professional classical guitar player until a motorcycle accident at left him disabled. After long months of therapy, he hired an experienced luthier and started a small shop to make and sell Spanish guitars. The guitars sell for $900 each, and the fixed monthly operating costs are as follows: 5810 Rent and utilities Wages and benefits to luthiy Other experts 2.520 400 Brad's accountant told him about contribution margin ratios, and Brad understood clearly that for every dollar of sales. $0.60 went to cover his fixed costs, and anything above that point was profit. Brad is planning to increase the sales price to $920. What impact will the increase in sales price have on the breakeven point in units? (Round your answer up to the nearest whole guitar.) It will go up from 8 to 10 units. It will go down from to 7 units. It will go down from 10 to 8 units. It will down up from 7 to 8. Maving to another question will save this response Question of AD 400 An anticipated purchase of equipment for $490,000 with a useful life of 8 years and no residual value is expected to yield the following annual net incomes and net cash flows: Year Net Income Net Cash Flow $60,000 50,000 50.000 40,000 40,000 40.000 40.000 40,000 $110,000 100.000 100,000 90,000 90.000 90,000 90.000 90.000 What is the cash payback period? a. 6 vers b. 5 years . 4 years 6.3 years 4. Moving to another question will save this mes Question 5 Name the 3 elements of the fraud triangle pressure, outcome, and rationalization o pressure, opportunity, and rationalization pressure, opportunity, and realization promptness, opportunity, and rationalization Moving to another question will save this response
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