A small manufacturing operation can produce up to 250 units per week of a product that it
Question:
a. How many units must the firm sell per week to break even?
b. Determine the firm’s weekly profit or loss if it sells:
(i) 120 units per week.
(ii) 250 units per week.
c. At what level of sales will the net income be $400 per week?
Use the graphical approach to CVP analysis to solve the problem.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (17 reviews)
Given S 20 per unit VC 12 per unit FC 1200 per week TR SX 20X TC VCX F...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Phillips Industries runs a small manufacturing operation. For this fiscal year, it expects real net cash flows of $190,000. Phillips is an ongoing operation, but it expects competitive pressures to...
-
Leno Industries runs a small manufacturing operation. For this fiscal year, it expects real net cash flows of $210,000. The company is an ongoing operation, but it expects competitive pressures to...
-
Waterways Corporation has recently acquired a small manufacturing operation in British Columbia that produces one of its more popular items. This plant will provide these units for resale in retail...
-
A 0.1 cm thick flat copper plate, 2.5 m x 2.5 m square is to be cooled in a vertical position. The initial temperature of the plate is 90?C with the ambient fluid at 30?C. The fluid medium is either...
-
The following is selected financial information for Amity Company as of December 31, 2010: liabilities, $54,244; equity, $87,756; assets, $142,000. Required Prepare the balance sheet for Amity...
-
Show how 2-butanone could be prepared by a procedure in which all of the carbons originate in acetic acid (CH3CO2H).
-
Suppose that you have been given a summer job as an intern at Issac Aircams, a company that manufactures sophisticated spy cameras for remote-controlled military reconnaissance aircraft. The company,...
-
New Orleans Paddlewheels, Inc. (NOP), is a Louisiana corporation formed in 1982 when James Smith, Sr., and Warren Reuther were its only shareholders, with each holding 50 percent of the stock.NOP is...
-
If a bond is issued at 101, the coupon rate was. Multiple Choice higher than the market rate of interest O lower than the market rate of interest. equal to the market rate of interest not related to...
-
Campus Theater adjusts its accounts every month. The companys unadjusted trial balance dated August 31, 2015, is on page 176. Additional information is provided for use in preparing the companys...
-
Jordan is developing a business plan for a residential building inspection service he wants to start up. Rent and utilities for an office would cost $1000 per month. The fixed costs for a vehicle...
-
Valley Peat Ltd. sells peat moss for $10 per bag. Variable costs are $7.50 per bag and annual fixed costs are $100,000. a. How many bags of peat must be sold per year to break even? b. What will be...
-
Suppose a firm makes the following policy changes. If the change means that external, non-spontaneous financial requirements (AFN) will increase, indicate this by a (=); indicate a decrease by a (=);...
-
What are knowledge or innovation workers? What are the key elements of professional practice, work environment and work design needed to support the productivity and creativity of knowledge or...
-
What problem does this concept solve or what pain does it alleviate and how compelling is the problem? 2. Who is your specific target customer? 3. How do they currently meet this need for themselves...
-
Consider a person standing in a room where the average wall temperature is 20 C. This person is trying to reach the "thermal comfort" by adjusting the A/C air temperature. Find out the appropriate...
-
If WHO, the World Health Organization,defines health as a state of completephysical, mental and social well-being and not merely the absenceof disease and infirmity (WHO, 2011)and wellness is...
-
As a manager, you want to find a way to motivate Nate and increase his engagement and job satisfaction in the workplace. Drawing upon a behavioral theory of motivation, discuss how you, as a manager,...
-
Why are sales forecasts so important to developing a firms financial plans?
-
One Way Cellular accountants have assembled the following data for the year ended September 30, 2014: Prepare the operating activities section using the indirect method for One Way Cellulars...
-
Which of the following payments is not included in the cost of land? (pp. 407-408) a. Removal of old building c. Back property taxes b. Legal fees paid at acquisition d. Cost of fencing and lighting
-
Sabrina invested $7200 three years ago, and an additional $2300 one year ago. Her investments have earned 3.5% compounded quarterly for the whole time. a. How much are Sabrina's investments worth...
-
Mr. and Mrs. Rasuli would like to retire in 15 years at an annual income level that would be equivalent to $65,000 today. What is their retirement income goal if, in the meantime, the annual rate of...
-
Scheduled payments of $2300 due 18 months ago and $3100 due in three years from now are to be replaced by two payments$2000 due today and a second payment of undetermined size due in four years from...
-
ABC Company engaged in the following transaction in October 2 0 1 7 Oct 7 Sold Merchandise on credit to L Barrett $ 6 0 0 0 8 Purchased merchandise on credit from Bennett Company $ 1 2 , 0 0 0 . 9...
-
Lime Corporation, with E & P of $500,000, distributes land (worth $300,000, adjusted basis of $350,000) to Harry, its sole shareholder. The land is subject to a liability of $120,000, which Harry...
-
A comic store began operations in 2018 and, although it is incorporated as a limited liability company, it decided to be taxed as a corporation. In its first year, the comic store broke even. In...
Study smarter with the SolutionInn App