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- A publisher has a fixed cost of $250,000 associated with the production of a college mathematics book. The contribution to profit and fixed cost from the sale of each book is $6.25. (a) Determine the number of books which must be sold in order to break even. (b) What is the expected profit if 50,000 books are sold?Ray Holt seeks an investment for his new business. The investor will bear all the costs(fixed + variable) and wants a rate of return of at least Y%. For the business fixed cost is Fc, selling price of a unit is Sp, and Cost of production of a unit is Cp. How many units, x, should Ray Holt maketo meet the investor’s rate of return requirement? If the requested rate of return is 10%, fixed cost is $10,000, selling price is $5, and cost of production is $3, how many units should be made?4.1REQUIREDStudy the information given below and calculate the following if the sales manager’s proposal is accepted:4.1.1 Break-even quantity.4.1.2 The number of units that must be sold to achieve the company’s profit objective. INFORMATIONSirloin Enterprises manufactures a product that sells for R9 each. The company presently produces and sells 90 000 units per year. Total variable manufacturing costs and selling costs are R405 000 and R81 000 (10% of sales) respectively. Fixed costs are R226 440 for manufacturing overheads and R97 200 for selling and administrative activities.The sales manager has proposed that the price be increased to R10.80 per unit. The company’s profit objective is 10% of sales. 4.2 ENO Ltd, a pharmaceutical company, is seeking finance for the development of a vaccine aimed at reducing the spread the Corona virus. The company is seeking funding only from the public in the form of equity as well as long-term borrowing.In light of the above, critically discuss…
- Suppose that a dam was built at a very high cost. At the time of construction, the estimated cost energy produced by the dam was £10 per unit. Of these £10, £5 contributed to the amortization of the initial investment and the other £5 to the variable recurrent cost. Now suppose that after the completion of the investment, a new energy source is discovered that allows the production of energy at a cost of £7 per unit. Should the dam be abandoned in favour of the alternative energy source? Please elaborate on your answer.The below is an extract from the fixed asset register of ABC Ltd as at 31 December 2019Date of PurchaseCostuseful lifeLand1-Jan-306,000,000.000Building28-Feb-172,000,000.0020Vehicle:650,000.00Toyota Hilux1-Oct-19 350,000.005Ford Ranger30-Jun-17 300,000.005Furniture and Fittings1-May-20150,000.002Activities throughout the 2020 Financial Period:1. New Machinery have been purchased on 01 April 2020 at a Cost of N$ 4000,000. The machinery has been installed on the 15 April 2020 and was available for use on the 01 May 2020. Machinery is the only property plant and equipment of the company that is measured according to the revaluation method.1.1. On the 30th of October 2020 management decided to revalue the machinery due to a drastic decline in the revenue from sale of machinery produced inventory.Net replacement cost for the machine as at the 30th of October 2020 is N$2 000 000.2. The Toyota Hilux was involved in an accident on 1 October 2020 due to the floods and was written off by the…The Math Club is selling pies on March 14th as a fundraiser. Let Q be the number of pies they make and sell. The total cost, C(Q) in dollars, for making Q pies is given by: C(Q) = 36 + 2Q. Sales price is 5 dollars for each pie. What is the additional cost to make 21 pies instead of 20 pies?
- A. Write a document with the following information: 1. What do you expect your job to pay when you start? 2. What benefits are musts for you? 3. What benefits would you like to have even though they are not musts? 4. Include the graph you generate in step B below. B. Create a spreadsheet and a graph of life vs funds For each year of your remaining life specify the amount you plan to save/invest/withdraw that year and how much you expect that amount to increase during the year (base on actual data – typical savings interest rate, typical stock market interest rate, typical CDs, typical…). Calculate how much your funds will increase/decrease over your life and create a life (x-axis) vs funds (y-axis) plot.The manager of a live stock feed company faces a production function Q=2L^0.5 K^0.5 where K represents capital equipment and L is labour.Assume the company has spent $16,000 4 units of capital equipment it owns.If workers at the firm are paid a competitive wage of $100 per worker and Feed Can be sold for $200per unit . 1.what is your profit maximising level of output and labour usage 2.what is your maximum profit 3.Use the production function to get the profit function.Choose the correct letter of answer If your objective is to maximize the profit for products x and y which earns a contribution margin of P2 and P3 respectively, your objective function must be: *a. P = 3x + 2yb. P = 2x + 3yc. P = x + y d. none of the above
- 9.5 Capital Healthplans Inc. is evaluating two different methods for providing home health services to its members. Both methods involve contracting out for services, and the health outcomes and revenues are not affected by the method chosen. Therefore, the net cash flows for the decision are all outflows. Here are the projected flows: Year Method A ($) Method B ($) 0 (300,000) (120,000) 1 (66,000) (96,000) 2 (66,000) (96,000) 3 (66,000) (96,000) 4 (66,000) (96,000) 5 (66,000) (96,000) What is each alternative’s IRR? If the opportunity cost of capital for both methods is 9 percent, which method should be chosen? Why?George Fine, owner of Fine Manufacturing, is consideringthe introduction of a new product line. George has consideredfactors such as costs of raw materials, new equipment, andrequirements of a new production process. He estimates that thevariable costs of each unit produced would be $8 and fi xed costswould be $70,000.(a) If the selling price is set at $20 each, how many unitshave to be produced and sold for Fine Manufacturingto break even? Use both graphical and algebraicapproaches.(b) If the selling price of the product is set at $18 per unit,Fine Manufacturing expects to sell 15,000 units. Whatwould be the total contribution to profi t from this productat this price?(c) Fine Manufacturing estimates that if it off ers the productat the original target price of $20 per unit, the companywill sell about 12,000 units. Which pricing strategy—$18per unit or $20 per unit—will yield a higher contributionto profi t?(d) Identify additional factors that George Fine shouldconsider in deciding…For Lodes Company, the relevant range of production is 40–80% of capacity. At 40% of capacity, a variable cost is $4,000 and a fixed cost is $6,000. Explain the behavior of each cost within the relevant range assuming the behavior is linear.