Tube Rings is a business that sells tube inners for ($ 50) per box. The variable cost

Question:

Tube Rings is a business that sells tube inners for $\$ 50$ per box. The variable cost is $\$ 30$ per inner, and the fixed cost totals $\$ 400000$ per year.

Required:

a What is Tube Rings' profit equation in terms of tube inners sold?

b Draw a graph of Tube Rings' total contribution margin and total fixed cost as volume varies.

Locate the break-even point on this graph.

c What is Tube Rings' break-even point in units?

d What would total profits be if Tube Rings sold 500000 tube inners?

e How many tube inners would Tube Rings have to sell to earn $\$ 100000$ of profit?

Step by Step Answer:

Related Book For answer-question

Accounting Information For Business Decisions

ISBN: 9780170253703

2nd Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons

See More Books

Question Posted: Mar 02, 2024 11:16 AM

See More Questions

Bathtub Rings is a business that sells shower-curtain rings for $\$ 1.60$ per box. The variable cost is $\$ 1.20$ per box, and the fixed cost totals $\$ 20000$ per year. Required: a What is...
In June of 2014, Bill Madden considered expanding his micro tiles business. He planned to invest $2.0 million in 2016 to produce more and better quality plaster or metal tiles and lithographs. These...
Simmons Kitchens sells small electric knives for $\$ 4$ each. Variable costs are $\$ 2.40$ per unit, and fixed costs total $\$ 60000$ per year. Required: a Write out Simmons' profit equation in...
If North American wholesalers buy roses at the lowest possible price, how many do they buy from local growers and how many do they import?
The Flatiron Pub provides catering services to local businesses. The following information was available for Flatiron for the years ended December 31, 2018 and 2019. Flatiron management is preparing...
What instances of athlete activism have you witnessed since this chapter was published? How do they differ from Kaepernicks protest? To what degree have the maintenance of athletes reputations and/or...
Determine if the mixed method aspect is concurrent, sequential,, or nested. Develop a hypothetical research scenario that would necessitate the use of the Mixed Method A-B-A Design. The research will...
The trial balance columns of the worksheet for Lampert Roofing at March 31, 2014, are as follows. Other data: 1. A physical count reveals only $550 of roofing supplies on hand. 2. Depreciation for...
Provide a clear definition of SES (Socioeconomic Status), encompassing its components such as income, education, and occupation. Discuss the societal implications of SES and its role in shaping...
Silencer Company sells a single product, mufflers for leaf blowers. The business' profit calculation for last year is shown here: Silencer has decided to increase the price of its product to \(\$...
ExamChoc Company sells a single product, a chocolate basket that friends and family can purchase for university students studying for their exams. This product, called the Exam-O-Choc, sells for \(\$...
Ramone is a tax attorney and he also owns an office building that he rents for $8,500/month. He is responsible for paying all taxes and expenses relating to the buildings operation and maintenance....
A project manager creates a budget. They determine the amount of buffer funds the project likely needs for completion. What is this budget component?
How must classified material and sensitive information be disposed?
Who primarily uses a money order service from a bank?
Your responses of the discussion questions showed you have solid understanding of financial statement and what it does to a company but it's internal and external users. You think cash flow...
If a chequebook contains a stub record, what should be done to ensure proper recordkeeping?
A random sample of 400 voters in a certain city are asked if they favor an additional 4% gasoline sales tax to provide badly needed revenues for street repairs. If more than 220 but fewer than 260...
Modify the counter from Exercise 5.44 such that the counter will either increment by 4 or load a new 32-bit value, D, on each clock edge, depending on a control signal Load. When Load = 1, the...
Using the four methods of conducting e- business ( e- mail, EDM, EDI, and Internet commerce), select a business of your choice and describe how each method is currently integrated into their business...
Describe who, what, where, and how of the following scenario. A customer gives his purchase to a sales clerk, who enters the sale in a cash register and puts the money in the register drawer. At the...
Describe who, what, where, and how of the following scenario. A customer gives his purchase to a sales clerk, who enters the sale in a cash register and puts the money in the register drawer. At the...
Find the resistance for a truncated cone made of copper with a conductivity of o Figure 2. Assume a 0.1 [m], b=0.3 [m], and h = 0.5 [m]. = 5.998 x 107 [S/m] shown in Hint: First, consider a circular...
Find the per unit length resistance of a cylinder with a radius of a = 2 cm, made of copper with a conductivity of = 5.998 x 107 [S/m] (shown in Figure 1). Figure 1: 3-D view of a cylinder made of...
Does global criminal activity operates under the substantive criminal law and procedural criminal law concepts?

Tube Rings is a business that sells tube inners for ($ 50) per box. The variable cost

Question:

Step by Step Answer:

This question has not been answered yet.

Accounting Information For Business Decisions

Students also viewed these Business questions