Assume you are selling pizzas at $3 per pizza Your fixed costs (rent, salaries, and utilities) are $3,633/month. The food costs and other variable costs are 50 percent of the selling price. What is your break-even point in units sold? (enter only the value)
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- Please show your computations using good accounting form through excel. Thank you! Problem: Average with Lost Units What should be the accumulated cost of work in process as of October 31 if the normal loss occured during the process (with adjustment for lost units) based on the remaining good units?Assume we are selling a product for $2 each. Assume that the variable cost associated with producing and selling the product is 60 cents. Assume that the fixed cost related to the product (the basic costs that are incurred in operating the business even if no product is produced) is $1000. What is the BEP?Q5) A firm is planning to manufacture a new product. The sales department estimates that the quantity that can be sold depends on the selling price. As the selling price is increased, the quantity that can be sold decreases. Numerically they estimate: P = $35.00 - 0.02Q where P =selling price per unit Q = quantity sold per year On the other hand, the management estimates that the average cost of manufacturing and selling the product will decrease as the quantity sold increases. They estimate C = $4.00Q + $8000 where C = cost to produce and sell Q per year The firm's management wishes to produce and sell the product at the rate that will maximize profit, that is, where income minus cost will be a maximum. What quantity should the decision makers plan to produce and sell each year?
- E4 ACME Corporation produces a variety of products for its diverse customer base, including the jet-powered pogo stick and jet-propelled tennis shoes, both of which are essential for catching roadrunners. Currently, they produce 40,000 engines per year that are used in the production of these two products. As the production manager for thisproduct line, you have determined that last year’s costs to produce the engines included: $99,600 in direct material expenses, $298,800 in direct labor expenses, $224,100 in variable overhead costs (i.e. power to operate the equipment), and $116,200 in fixed overhead costs (i.e. utilities to keep the factory operational). ACME plans to produce these engines only for the next 6 years. If they produce the engines in-house, they anticipate that direct material costs will increase at a rate of 5% each year. Further, they anticipate that labor costs will increase at a rate of 6% per year and variable overhead costs will increase at a rate of 3% per year.…Lightview produces and sells overhead projectors to schools and colleges. Each overhead projector uses $30 of materials and requires 3 hours of labor at $10 per hour. Each overhead projector sells for $84.87. Lightview has fixed overheads of $264605. What is Lightview's break-even point in sales units?Sunflower Manufacturing recently applied for a $10 million loan at The Democrat Federal Bank (known simplyas The Democrat). The purpose of the loan is to support its working capital needs (short-term funds) duringthe next nine months. Sunflower has been a loyal customer of the bank for many years and has beenextended whatever amount of credit it requested in the past.Sheli Crocker, who is a new, young loan officer at The Democrat, reviewed Sunflower's loan application anddecided to turn down the loan for the requested amount. In her report to Henry, her boss and the senior loanofficer, Sheli indicated that she thought Sunflower would have trouble repaying a $10 million loan because itsfinancial positions has deteriorated in recent months. Sheli noted that the company's ability to pay its currentobligation - that is, its liquidity position - is poor and that analysts are pessimistic about Sunflower's ability toimprove its liquidity during the next two years. As a result, Sheli…
- Business Maths Question e) Jane is saleswoman employed to sell TV sets on a salary and commission basis. Her fixed monthly salary is 12,500/-. In an addition she receive 5% commission on the first 50,000/- sales and 12.5% on the sales in excess of 50,000/-. During the month of January last year, her total earning amounted to 27,000/-. How many TV sets did she sell if each set costs 7300/-?CLP is planning to go into the designer jeans business. They project the following costs for the first year of operation: Rental payments $1,500 per month Direct Labor $9.50 per hour Raw Materials $6 per pair of jeans Overhead $975 per week Interest on Capital $1,350 per month It takes 20 minutes of direct labor to assemble a pair of pants, and CLP sells his designer jeans for $39.50 a pair. How many pairs of jeans must be sold to break even the first year? (assume a 50 week year) If profits total $38,500 for the first year, what is CLP’s safety margin? After a successful first year, CLP foresees a decline in designer jeans demand as a result of a weakening economy. If CLP wants a break-even point of 2,300 units, how much of a reduction in fixed costs would be necessary? What three alternative methods are available for reducing the break-even point? Using each of these methods,…Recently, the owner of a Trader Joe's franchise decided to change how she compensated her top manager. Last year, she paid him a fixed salary of $55,000 and her store made $120,000 in profits (not counting payment to her top manager). She suspected the store could do much better and feared the fixed salary was causing her top manager to shirk on the job. Therefore, this year she decided to offer him a fixed salary of $28,000 plus 15% of the store's profits. Since the change, the store is performing much better, and she forecasts profits this year to be $260,000 (again, not counting the payment to her top manager). Assuming the change in compensation is the reason for the increased profits, and that the forecast is accurate, how much more money will the owner make (net of payment to her top manager) because of this change? Does the manager make more money under the new payment scheme?
- Se Ri Pak, age 23, recently graduated with her bachelor's degree in library and information sciences. She is about to take her first professional position as an archivist with a civil engineering firm in a rapidly expanding area in the U.S. Southwest. While in school, Se Ri worked part time, earning about $8000 per year. For the past two years, she has managed to put $1000 each year into an individual retirement account (IRA), Se Ri owes $15,000 in student loans on which she is obliged now to begin making payments. Her new job will pay $45,000. Se Ri may begin participating in her employer's 401(k) retirement plan immediately, and she can contribute up to 6 percent of her salary to the plan. Her employer will contribute 1/2 of 1 percent for every 1 percent that Se Ri contributes. What do you recommend to Se Ri on the importance of personal finance regarding: 4. Using time value of money considerations to project what her IRA might be worth at age 63?Please solve all parts. Options for blank: one factory, two factories, three factoriesAlthough appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, Sotheby’s sold the Edgar Degas bronze sculpture Petite Danseuse de Quatorze Ans at auction for a price of $10.45 million. Unfortunately for the previous owner, he had purchased it in 1999 at a price of $12.89 million. What was his annual rate of return on this sculpture?