Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 10, 2024

The Poseidon swim company produces swim trunks. The average selling price for one of their swim trunks is $43.88. The variable cost per unit is

The Poseidon swim company produces swim trunks. The average selling price for one of their swim trunks is $43.88. The variable cost per unit is $22.72, Poseidon Swim has average fixed cost per year of $54,038.

What is the break-even point in units for Poseidon Swim?

Round the answer to the whole number.

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

Financial Management Theory and Practice

Authors: Eugene F. Brigham, Michael C. Ehrhardt

16th edition

1337902608, 978-1337902601

More Books

Students also viewed these Finance questions

Question

★★★★★

Using the result of part (a) In Problem 58, take into account radiation from the leaf to calculate how much water must be transpired (evaporated) by the leaf per hour to maintain a temperature of...

Answered: 1 week ago

Question

★★★★★

The volume and the average density of an irregularly shaped body are to be determined by using a spring scale. The body weighs 7200 N in air and 4790 N in water. Determine the volume and the density...

Answered: 1 week ago

Question

★★★★★

Determine the value of ????2 when (a) ???????????????????? = 2000 and ???????????????????? = 1200. (b) ???????????????????? = 12400 and ???????????? = 2400. (c) ???????????????????? = 500 and...

Answered: 1 week ago

Question

★★★★★

The chief financial officer (CFO) of Myeneke Corporation requested that the accounting department prepare a preliminary balance sheet on December 30, 2017, so that the CFO could get an idea of how...

Answered: 1 week ago

Question

★★★★★

Explain the appropriate accounting treatment for each of the above items in accordance to the Malaysian Financial Reporting Standards (MFRS), for the year ended 31 December 2021. INSTRUCTIONS: 1....

Answered: 1 week ago

Question

★★★★★

Madawaska Timber Inc. had the following transactions: Feb. 14 The board of directors for Madawaska Timber Inc. approved a bonus payout to employees in the amount of $245,000. The source deductions on...

Answered: 1 week ago

Question

★★★★★

(JMI) is a company that builds custom-designed metal-cutting machinery. JMI's minimum sales contract is typically for $1 million and many sales contracts are in excess of $5 million. It generally...

Answered: 1 week ago

Question

★★★★★

Asa provides consulting services to small businesses. He has a dedicated office that is used exclusively and regularly. The house is 3,200 square feet, and the office is 275 square feet. Asa did not...

Answered: 1 week ago

Question

★★★★★

1. A firm has 1,000,000 shares outstanding with a price per share of $25.10 (previous to any dividend payment). It decides to pay out cash dividend of $2,100,000. What will the share price be after...

Answered: 1 week ago

Question

★★★★★

QWE Bank Limited originates a pool of 250 mortgages, each with 30-year maturity and averaging $250,000 with an annual mortgage coupon rate of 6 percent. The mortgage backed security insurance fee is...

Answered: 1 week ago

Question

★★★★★

On 15 November 2019, a wheat farmer became concerned that by the time her 200 metric tonne crop was ready for delivery in April 2020 that the price would fall below $335 per tonne - her break-even...

Answered: 1 week ago

Question

★★★★★

Posttest A large car dealership is receiving more customer complaints than usual. Bea wants to use a cycle of inquiry to investigate what is going on. After gathering some initial data, Bea finds...

Answered: 1 week ago

Question

★★★★★

When must a company report income from continuing operations in its income statement? What types of adjustments to income from continuing operations might be added or deducted to arrive at net...

Answered: 1 week ago

Question

★★★★★

= All future costs are relevant Do you agree? Why? lop20

Answered: 1 week ago

Question

★★★★★

What is meant by a prior period adjustment? When must prior period adjustments be made, and how are they reported? Give an example of a prior period adjustment.

Answered: 1 week ago

Previous Question Next Question