Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please explain the answer 1) Miranda was reviewing the water bill for her dog day care and spa and determined that her highest bill, $5,000,

please explain the answer

image text in transcribed

1) Miranda was reviewing the water bill for her dog day care and spa and determined that her highest bill, $5,000, occurred in July when she washed 500 dogs and her lowest bill, $3,600, occurred in February when she washed 325 dogs. What was the variable cost per dog associated with Miranda's water bill? 1) A) $8.00 3) Adam was a professional classical guitar player until his motorcycle accident that left him disabled. After long months of therapy,he hired an experienced luthier (maker of stringed instruments) and started a small shop to make and sell Spanish guitars. The guitars sell for $900 and the fixed monthly operating costs are as follows: Rent and utilities Wages and benefits to luthier3,000 Other expenses 800 500 Adam's accountant told him about contribution margin ratios and he understood clearly that for every dollar of sales, $0.60 went to cover his fixed costs, and that anything past that point was pure profit How many guitars does Adam have to sell each month to break even? 3) A) 8 guitars

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

The Price Of Football Understanding Football Club Finance

Authors: Kieran Maguire

3rd Edition

1788216830, 978-1788216838

More Books

Students also viewed these Accounting questions

Question

What is the biggest strength of the program?

Answered: 1 week ago

Question

State the uses of job description.

Answered: 1 week ago

Question

Explain in detail the different methods of performance appraisal .

Answered: 1 week ago

Question

Define self-esteem and discuss its impact on your life.

Answered: 1 week ago

Question

Discuss how selfesteem is developed.

Answered: 1 week ago