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

Question

1 Approved Answer

The Poseidon Swim Company produces swim trunks. The average selling price for one of their swim trunks is $32.29. The variable cost per unit is

The Poseidon Swim Company produces swim trunks. The average selling price for one of their swim trunks is $32.29. The variable cost per unit is $18.59, Poseidon Swim has average fixed costs per year of $57,067. What is the break-even point in dollar sales?

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

Contemporary Issues In Development Finance

Contemporary Issues In Development Finance

Authors: Joshua Yindenaba Abor, Robert Lensink, Charles Komla Delali Adjasi

1st Edition

1138324329, 978-1138324329

More Books

Students also viewed these Finance questions

Question

★★★★★
You rev your car's engine to 3300 rpm (rev/min). (a) What are the period and frequency of the engine? (b) If you change the period of the engine to 0.033 s, how many rpms is it doing?

Answered: 1 week ago

Question

★★★★★
HTML & CSS: which 2 should I choose if I want a responsive table with rows 2 and 4 to have a background color

Answered: 1 week ago

Question

★★★★★
1. I am careful about the direct and implied meanings of the words I choose.

Answered: 1 week ago

Question

★★★★★
The Trotter Trust has the receipts and expenditures listed below for the current year. Assume the Uniform Act governs an items classification as principal or income. The trustees fee is charged...

Answered: 1 week ago

Question

★★★★★
The Poseidon Swim Company produces swim trunks. The average selling price for one of their swim trunks is $32.29. The variable cost per unit is $18.59, Poseidon Swim has average fixed costs per year...

Answered: 1 week ago

Question

★★★★★
Question Help On August 1, 2018, Azore, Inc., sold equipment and accepted a six-month, 9%. S20.000 revenue should Azore accrue on December 31, 2018? note receivable Azore's year-end is December 31....

Answered: 1 week ago

Question

★★★★★
Illustration 19. Journalise the following transactions in the books of Mr. Roy 2013 April 1 He started business with a capital of - Plant 10,000, Bank 8,000, Stock 12,000 2 Bought furniture for...

Answered: 1 week ago

Question

★★★★★
Provide a critical evaluation of the Leadership and Management style at Coca-Cola using relevant models. o Provide a thorough comparison of Coca-Cola's s Leadership Style with that of at least one of...

Answered: 1 week ago

Question

★★★★★
Estimating Useful Life and Percent Used Up The property and equipment section of the lululemon athletica 2018 balance sheet follows. Property and Equipment (in thousands) Feb. 3, 2019 Jan. 28, 2018...

Answered: 1 week ago

Question

★★★★★
Preparing a Statement of Cash Flows (Direct Method) Rainbow Company's income statement and comparative balance sheets follow. RAINBOW COMPANY Income Statement For Year Ended December 31, 2016 Sales...

Answered: 1 week ago

Question

★★★★★
#2. You are offered a bullet loan of 750,000 at 5.5% for 36 months with 2 points. What is your expected financing cost expressed as an EAR assuming you make monthly interest only payments and repay...

Answered: 1 week ago

Previous Question Next Question