Gina's Shirts rents equipment for $6000 per month. The cost of using the equipment is $375. The

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

Question:

Gina's Shirts rents equipment for $6000 per month. The cost of using the equipment is $375. The materials to make one shirt cost $9 and she sells the shirts for $15.

A)What will the total revenue be if she sells 35 shirts? TR=

B) What will the total variable costs be?

Related Book For answer-question

Quantitative Analysis for Management

ISBN: 978-0132149112

11th Edition

Authors: Barry render, Ralph m. stair, Michael e. Hanna

See More Books

Posted Date: Jan 06, 2024 06:53 AM

See More Questions

Gina Fox has started her own company, Foxy Shirts, which manufactures imprinted shirts for special occasions. Since she has just begun this operation, she rents the equipment from a local printing...
Mandisa Fox started a company, Foxy Shirts, which manufactures imprinted shirts for special occasions. Since day one, Mandisa has rented the equipment from a local printing shop when necessary. The...
The Savannah Shirt Company makes two types of T-shirts: basic and custom. Basic shirts are plain shirts without any screen printing on them. Custom shirts are created using the basic shirts and then...
Kennedy Company reported the following amounts for the year 2020. Required: Prepare the Cost of Goods Manufactured Schedule for Kennedy Company. Direct materials used $30,000 Finished goods...
What challenges might confront a Mexican manager transferred to Canada to manage a manufacturing plant in Winnipeg? Will these be the same for a Canadian manager transferred to Guadalajara, Mexico?...
The market research team at AdRight is assigned the task to identify the profile of the typical customer for each tread-mill product offered by CardioGood Fitness. 1. Create a customer profile for...
Describe how you can use www.yellowpages.com to create a sample in the state of New York by using systematic sampling technique.
Bruno Industries expects credit sales for January, February, and March to be $200,000, $260,000, and $310,000, respectively. It is expected that 70% of the sales will be collected in the month of...
You've been provided the demand and supply equation for a Sydney transport company. P = 300e-0.2Qa P = 2e0.80s Where P, Qa, and Qs denote the price and quantity demanded and quantity supplied,...
Alex Yeoman Painting Co. of Yellowknife uses a purchases journal (page 21) and a general journal (page 32) to record the following transactions. The GST rate is 5%. The paint store has decided to...
Explain the following principles of accounting and financial systems, in 30-50 words each: a. Accrual principle b. Cost principle. c. Going concern principle. d. Revenue recognition principle.
When a company sells its accounts receivable, it is important to deduct the amount received on the sale from CFFO before comparing CFFO to operating income when looking for signals of overstatement...
Graph the lines in Problems 31-44. $y=-0.01 x$
To coax even more orders for sales, Sunbeam increasingly gave customers the right to return goods, yet Sunbeam did not increase the _________________ for _________________ in the its accounting...
If Xeroxs revenue recognition is delayed over the life of the contract, it could be a signal that the company is trying to shift its revenue to accelerate its recognition. True/False
Xerox had sold approximately $400 million of its accounts receivable in order to reduce the reported CFFO. True/False
DE of the 3. Determine the internal loading at the center of the beam. 1500 lb/ft. down 15 ft. 2.5 ft. 3500 lb. Jan 2.5 ft. 45 degrees
14. In testing the existence assertion, an auditor ordinarily works from the a. Financial statements to the accounting records. b. General journal to the general ledger. c. Supporting evidence to the...
Refer to the Bhavika Investments (Problem 7-37) situation once again. It has been decided that, rather than minimize risk, the objective should be to maximize return while placing restriction on the...
Eddie Kelly is running for reelection as mayor of a small town in Alabama. Jessica Martinez, Kelly's campaign manager during this election, is planning the marketing campaign, and there is some stiff...
Customers arrive at an automated coffee vending machine at a rate of 4 per minute, following a Poisson distribution. The coffee machine dispenses a cup of coffee in exactly 10 seconds. (a) What is...
20 East 67th Street Associates LLC (Landlord) is the owner of a seven-story residential property located at 20 East 67th Street in Manhattan, New York (the Property). On January 2, 2019, Emily Jerome...
A landlord appeals and a tenant cross-appeals a district court ruling affirming in part and reversing in part a small claims court decision in a residential landlordtenant dispute. This is a case...
Norman Eastwood owns and lives in a single-family home with his wife (the Property). The Property is located in the Willow Bend Lakes Community in Plano, Texas. The Willow Bend Lakes Community is...

Gina's Shirts rents equipment for $6000 per month. The cost of using the equipment is $375. The

Question:

Expert Answer:

A To find the total revenue TR from selling 35 shirtswe need to multiply the number of sh... View the full answer

Quantitative Analysis for Management

Students also viewed these accounting questions