Harrow Seed and Fertilizer has compiled the following estimates for operations. Sales $189,000.00 $40,600.00 $46,600.00 $101,800.00...

   

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Harrow Seed and Fertilizer has compiled the following estimates for operations. Sales $189,000.00 $40,600.00 $46,600.00 $101,800.00 Capacity is a sales volume of $219,000.00 Fixed Costs Total Variable Costs Net Income (Do not include the $ signs in your answers.) (Do not include the % signs in your answers.) (a) Find the equation for the revenue function. (The format of this equation must be TR = X) (b) Find the Per Dollar Factor. (Do not Round.) (c) Find the equation for the cost function. (The format of this equation must be TC = 50000+ 0.300000000X) (c) Find the equation for the cost function. (The format of this equation must be TC 50000+ 0.300000000X) = (Moodle is being a total jerk here: Notice that there are 9 decimals before the X, not 10, and not 8, but exactly 9.) (d) Compute the contribution margin as a decimal value. (Do not Round.) (e) Compute the contribution rate. (As a percentage correct to 2 decimal places.) (f) Compute the break-even point in sales dollars. (g) Compute the break-even point as a percent of capacity. (As a percentage correct to 2 decimal places.) 57 Harrow Seed and Fertilizer has compiled the following estimates for operations. Sales $189,000.00 $40,600.00 $46,600.00 $101,800.00 Capacity is a sales volume of $219,000.00 Fixed Costs Total Variable Costs Net Income (Do not include the $ signs in your answers.) (Do not include the % signs in your answers.) (a) Find the equation for the revenue function. (The format of this equation must be TR = X) (b) Find the Per Dollar Factor. (Do not Round.) (c) Find the equation for the cost function. (The format of this equation must be TC = 50000+ 0.300000000X) (c) Find the equation for the cost function. (The format of this equation must be TC 50000+ 0.300000000X) = (Moodle is being a total jerk here: Notice that there are 9 decimals before the X, not 10, and not 8, but exactly 9.) (d) Compute the contribution margin as a decimal value. (Do not Round.) (e) Compute the contribution rate. (As a percentage correct to 2 decimal places.) (f) Compute the break-even point in sales dollars. (g) Compute the break-even point as a percent of capacity. (As a percentage correct to 2 decimal places.) 57

Answer rating: 100% (QA)

Sales a Ratio of sales to capacity X capacity where x Capacity 189000 219000 086... View the full answer