A television manufacturer sells its televisions to retailers for $120 a set. Variable costs are 2/5 of

Fantastic news! We've Found the answer you've been seeking!

Question:

A television manufacturer sells its televisions to retailers for $120 a set. Variable costs are 2/5 of the selling price, with monthly fixed costs being 275,000. The manufacturer sells 1,400 televisions per month.

Calculate the yearly profit of the business.

Related Book For answer-question

Management and Cost Accounting

ISBN: 978-1473748873

10th edition

Authors: Colin Drury

See More Books

Posted Date: Jun 20, 2023 01:29 AM

See More Questions

In August 2010, Wentao Chen, manager of Danshui Plant No. 2 in southern China, was anxious. The plant was in the third month of a 12-month contract to assemble the Apple iPhone 4. The contract called...
A 10-year, 4.5 percent, semiannual coupon bond issued by Tyler Rentals has a $1,000 face value. The bond is currently quoted at 100.2 percent of par. What is the clean price of this bond if the next...
Macroeconomics project 1. what is measured along the horizontal axis of the left-hand graph? 2. what does y represent on the horizontal axis of the right-hand graph? 3. what quantity is held constant...
Which of the following statements is true aboutschizophrenia? a. People throughout the world suffer fromschizophrenia b. The symptoms associated with schizophrenia are the sameacross cultures c....
The potential difference between two short sections of parallel wire in air is 120 V. They carry equal and opposite charge of magnitude 95pC. What is the capacitance of the two wires?
If a ball is thrown vertically upward with a velocity of 80 ft/s, then its height after seconds is s = 80t 16t2. (a) What is the maximum height reached by the ball? (b) What is the velocity of the...
Portfolios are constructed to reduce risk for a given level of economic return. In this context, why would a company be interested in constructing an ecoefficiency portfolio?
The Professional Golf Association (PGA) measured the putting accuracy of professional golfers playing on the PGA Tour and the best amateur golfers playing in the World Amateur Championship (Golf...
Zeta, an automotive battery manufacturer, uses Zinc as a manufacturing input. Zinc costs presently Rs 275 per kg and Zeta uses around 20 metric tonnes of zinc per month. Concerned about the...
Alexander Smith and his wife Allison are married and file a joint tax return for 2019. The Smiths live at 1234 Buena Vista Drive, Orlando, FL 32830. Alexander is a commuter airline pilot but took 6...
What are some common hazards associated with improper steam turbine operations?
How do economic systems influence political power distribution, and what role does wealth play in perpetuating political control ?
the room filled with water, please calculate the phase velocity and group velocity of light at 4 5 0 nm ( blue light ) and 6 3 0 nm ( red light ) , respectively
What factors contribute to the accumulation and erosion of political capital among political leaders and organizations, and how does this influence governance ?
Two major recessions have plagued the world this millennium. The Great Recession of 2008 was, at the time, the worst recession since the Great Depression of the 1930s. Many people lost their jobs and...
Proof the following using AND/OR trees and write a prolog to proof that Tom is Animal ? Mat Cream is_coloured Ginger like sat_on Tom is owned by Mammal Cat is caught has John is a Fur Animal Bird is_a
Complete the constructor and the five methods in the SetOperations class. Output Examples: Set A: [A, B, C, D, E] Set B: [E, F, G, H] Union: [A, B, C, D, E, F, G, H] Intersection: [E] SymmetricDiff:...
1. Firms may hold financial assets to earn returns. How the firm would classify financial assets? What treatment will such financial assets get in the financial statements in accordance with US GAAP...
Describe how management accounting can support shared value and sustainable development.
Why is cost-plus pricing frequently used in practice?
Explain what is meant by cause-and-effect relationships within the balanced scorecard.
Briefly describe six reasons why the auditor's approach to obtaining an understanding of internal control is different when a computer is used rather than manual processing.
In obtaining an understanding of the control environment that affects computer processing, the auditor will often consider several matters. Briefly describe these matters.
What is batch processing?

A television manufacturer sells its televisions to retailers for $120 a set. Variable costs are 2/5 of

Question:

Expert Answer:

To calculate the yearly profit of the business we need to determine the total revenue and total cost ... View the full answer

Management and Cost Accounting

Students also viewed these finance questions