Ingrid processes and bottles jam in her home-based business. Her fixed costs are $250 per month and
Question:
a. How many jars must she sell per year to break even?
b. What will be her profit if she sells 3000 jars in a year?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
Given S 320 VC 120 FC 250 per month a FC 12250 3000 p...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Its a nursing assignment based upon the communication skill of the nurses will respond to the situation and to the circumstances. You need to answer in the blank spaces Aim: Knowledge Evidence: The...
-
Variable and fixed costs in the wine industry, decision making A Votre Sant: Product Costing and Decision Analysis in the Wine Industry3 Background A Votre Sant (AVS) is a small, independent winery...
-
John R. and Anne L. Miller are married and live at 13071 Sterling Drive, Aitkin, MN 56431. John is a self-employed insurance claims adjuster (business activity code 524290), and Anne is the dietitian...
-
To earn extra money, you and your friends decide to start a carwash. Based on some data you have collected, you predict that when you charge p dollar to wash and detail a car, you will have a demand...
-
The following is selected financial information for NuTech Company as of December 31, 2010. Liabilities . . . . . . . . . $46,222 Equity . . . . . . . . . . . . $74,778 Assets . . . . . . . . . . ....
-
JB Limited is a small specialist manufacturer of electronic components and much of its output is used by the makers of aircraft for both civil and military purposes. One of the few aircraft...
-
Although an attorney's letter reveals no significant disagreements with management's assessment of contingent liabilities, the attorney resigns shortly thereafter, suggesting: a. The auditor must...
-
The sales department of Macro Manufacturing Co. has forecast sales for its single product to be 20,000 units for June, with three-quarters of the sales expected in the East region and one-fourth in...
-
A solenoid with air inside has a magnetic field at its center of 120.0 gauss. Then the inside of the solenoid is filled with a paramagnetic material, which results in the magnetic field at the center...
-
Citee Corp. has no debt but can borrow at 6.6 percent. The firms WACC is currently 8.8 percent, and the tax rate is 24 percent. a. What is the companys cost of equity? (Do not round intermediate...
-
A sporting goods manufacturer lost $400,000 on sales of $3 million in a year during the last recession. The production lines operated at only 60% of capacity during the year. Variable costs represent...
-
ChildCare Industries manufactures infant car seats that it sells to retailers for $155 each. The costs to manufacture each additional seat are $65, and the monthly fixed costs are $18,000. a. How...
-
What are sales returns?
-
Describe the overall purpose of an accounting system and outline the differences between financial accounting and management accounting.
-
Discuss the options suggested by agency theory on how to mitigate or avoid agency problems in a supply chain context.
-
Explain why performance measurement is especially complex in supply chain networks!
-
How can trust be measured in performance measurement? Can trust be quantified?
-
Explain the conceptual difference between normal factoring and reverse factoring. When does reverse factoring make sense for supply chain partners?
-
Consider an ideal air-standard Brayton cycle operating with inlet temperature (T 1 ) and pressure (P 1 ) of 300 K and 100 kPa, respectively. The heat added per unit mass, q 2 3 , is 1050 kJ/kg....
-
San Carlos Bank and Trust Company uses a credit-scoring system to evaluate most consumer loans that amount to more than $2,500. The key factors used in its scoring system are found at the conclusion...
-
The current balance on a loan is $3319.59. If the interest rate on the loan is 5% compounded monthly, how long ago was the $2870 loan made?
-
One year ago, $13,000 was invested in units of a mutual fund. The units paid a distribution of $260 during the year, but the mutual fund units are now worth only $11,400. What has been the a. Income...
-
If the money supply increased from $592.79 billion to $597.61 billion in a single month, what were the simple and effective annualized rates of increase in the money supply during the month?...
-
You own a portfolio that is 25 percent invested in Stock X, 40 percent in Stock Y, and 35 percent in Stock Z. The expected returns on these three stocks are 10 percent, 13 percent, and 15 percent,...
-
Let's assume that the government decides that consumption of hamburger meat is harmful to the environment. As a result, they decide to implement a price floor of $10 on one pound of hamburger meat....
-
CRM First Assignment You have just been promoted to a managerial position in marketing at the company you work for. One of your oldest complaints is that the company has never invested in a CRM...
Study smarter with the SolutionInn App