User Account

All Pages

How many calendars must be sold to break even

Assignment Help Accounting Basics
Reference no: EM133145573

Question - A booth in a mall sells calendars. The calendars are purchased for $4.01 each and then sold to customers at a price of $9.99. Space is rented for $173.00 per day and wages amount to $304.00 per day. Answer each of the following independent questions.

(a) If the wages decrease to $261.44 per day, and other variables remain the same, how many calendars must be sold to break even?

(b) If the calendars are put on sale at 25% off the regular price, and all other variables remain the same, calculate profits if 170 calendars are sold in a day?

Reference no: EM133145573

Questions Cloud

Prepare general journal entries for the transactions : Prepare general journal entries for the transactions above under the assumption that purchases are to be recorded at net amounts after cash discounts
Calculate the growth rate of dividends : Calculate the growth rate of dividends and Calculate the expected return on a share of this risk class
Calculate Karla net pay : Karla works in Alberta for a local restaurant. Annual maximums for CPP and EI will not be reached in this pay. Calculate Karla's net pay
What is the debt coverage ratio : The Income Statement for my property for 2020 shows the following: Revenues = $1 million. What is the Debt Coverage Ratio for 2020
How many calendars must be sold to break even : If the wages decrease to $261.44 per day, and other variables remain the same, how many calendars must be sold to break even
Everyone participating in agreement : This is the bandwagon effect, the person making the decision wants to follow what others in the group are doing or feel the pressure to follow others.
Leadership skills from three management skills : Differentiate three leadership skills from three management skills present in yourself. I need to present three leadership for each and need to provide example
How much loss from receivable financing should be recognized : In the course of your review of DANTE Company's "Receivables" account as of December 31, 2019, How much loss from receivable financing should be recognized
List five things the government uses to control totalitaria : Totalitaria is a beautiful tropical island, or you could call it a paradise. Its people live in a land of lots of vegetation that provide for every human need.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd