A bookstore sells a particular book for ₱450. Variable expenses are ₱280 per book. Currently, the bookstore is just breaking even at 6,000 books per year. The annual fixed expenses would be?
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Q: A bookstore sells a particular book for ₱350. Variable expenses are ₱180 per book. Currently, the…
A: Given, Selling price per unit = ₱350 Variable expense per unit = ₱180 Break-even point = 5,000 books…
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Q: break-even point?
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- A bookstore sells a particular book for ₱450. Variable expenses are ₱280 per book. Currently, the bookstore is just breaking even at 6,000 books per year. The annual fixed expenses would be?
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- A bookstore sells a particular book for ₱350. Variable expenses are ₱180 per book. Currently, the bookstore is just breaking even at 5,000 books per year. The annual fixed expenses would be? a. ₱350,000 b. ₱530,000 c. ₱180,000 d. ₱850,000 e. Cannot be determinedA bookstore sells a particular book for ₱450. Variable expenses are ₱280 per book. Currently, the bookstore is just breaking even at 6,000 books per year. The annual fixed expenses would be? a. ₱ 1,020,000 b. ₱ 450,000 c. ₱ 280,000 d. ₱ 730,000 e. ₱ 714,705.88 f. ₱ 1,680,000A couch sells for $1020. Instead of paying the total amount at the time of purchase, the same couch can be bought by paying $400 down and $60 a month for 12 months. How much is saved by paying the total amount at the time of purchase? A
- Lancaster Lumber buys $8 million of materials (net of discounts) on terms of 3/5, net 55, and it currently pays on the 5th day and takes discounts. Lancaster plans to expand, which will require additional financing. If Lancaster decides to forgo discounts, how much additional credit could it obtain, and what would be the nominal and effective cost of that credit? If the company could get the funds from a bank at a rate of 9%, interest paid monthly, based on a 365-day year, what would be the effective cost of the bank loan? Should Lancaster use bank debt or additional trade credit? ExplainHAPPY Company makes credit sales of P1,800,000 annually. The average age of accounts receivable is 30 days. Management consider shortening credit terms to 20 days. Cost of money is 12%. How much will the company save from financing charges? Use 360-day year MY ANSWER IS 6,000 AND 12,000. WHAT IS THE CORRECT ANSWER?Your firm spends $5,000 every month on printing and mailing costs, sending statements to customers. If the interest rate is 0.5% per month, what is the present value of eliminating this cost by sending the statements electronically?
- Wall’s Pharmacy will have to sell a new product that has an estimated revenue of $5,100 per month and costs of $1,000 per month with an initial purchase of $28,000. How long will Wall's Pharmacy have to sell a new product if the MARR is 0% per month? Wall's Pharmacy will have to sell a new product for __ months.JOKER Company makes credit sales of P1,800,000 annually. The average age of accounts receivable is 30 days. Management consider shortening credit terms to 20 days. Cost of money is 12%. How much will the company save from financing charges? Use 360-day yearA manufacturer currently prices its product at 10 TL per unit. Last year, the manufacturer sold 60.000 units. The variable cost per unit is 6 TL. Total fixed costs are 120.000 TL. The manufacturer intends to increase sales by 5%. Current accounts receivable collection period is 30 days. If the manufacturer wants to relax its credit standards, the expectation is that bad debt expenses will increase from 1% of sales to 2% of sales. The opportunity cost of investing in accounts receivables is 15%. In order to benefit from relaxing its credit standards, what would be the expected maximum accounts receivable collection period? (Assume that existing customers are not expected to alter their payment habits. 1 year = 365 days) a) 82,38 days b) 63,33 days c) 105,82 days d) 63,73 dayse) other
- It costs Salesiana Publishing house Php 350 000 to make books. The Php 350 000 is a fixed cost or a cost that cannot change. To help the publishing company sell the books, a marketing company charges Php 10.00 for each book sold. If the company charges Php150.00 per book, how many books should they sell to break even? a. 2850 books b. 3200 books c. 2500 books d. 1750 booksKlee Motors is a small car dealership. On average, it sells a car for $24 000, which it purchases from the manufacturer for $20 000. Each month, Klee Motors pays $60 000in rent and utilities and $60 000 in salespeople’s salaries. In addition to their salaries, sales people are paid a commission of $500 for each car they sell. Klee Motors also spends $15 000 each month on local advertisements. a. How many cars must Klee Motors sell each month to break even? b. Will Klee Motors earns a profit if it can sell 6 cars? c. How much sales revenue shall the company earn to achieve a $100,000 profit?The Bourbon Street Journal costs $625, payable now, for a 3-year subscription. The newspaper is published 252 days per year (5 days per week, except holidays). If an 8.5% nominal annual interest rate, compounded every two months, is used: (a) What is the effective annual interest rate in this problem? (b) Compute the equivalent interest rate per 1/252 of a year
