What is the anticipated profit at a price

Assignment Help Accounting Basics
Reference no: EM133170474

Question - Maker Sun Chairs is trying to determine the optimal price to charge for its galvanized deck chairs. The company has total fixed costs of $120,000 and the deck chairs have a unit variable cost of $27.00 per unit. Maker Sun Chairs has determined that the following relationships exist between price and demand:

Unit Price

Unit Demand

$45

7,200

$44

7,800

$43

8,400

$42

8,800

Required - What is the anticipated profit at a price of $42?

Reference no: EM133170474

Questions Cloud

Case study-dillons small batch distillers : 1. How would you classify the type of start-up idea that was present for Geoff Dillon?
What is the appropriate rate : The Risk-free rate is 8% and the market risk premium is 4%. What is the appropriate rate for use in discounting the free cash flow and the interest tax savings
Describe two possible threats to intuitive surgical : Question 1: Describe two possible threats to Intuitive Surgical's ability to capture value.
Journalize the adjusting entries at september : EFT receipts from customers in payment of their accounts, $74. Journalize the adjusting entries at September 30, 2021, on Sunland Company's books
What is the anticipated profit at a price : The company has total fixed costs of $120,000 and the deck chairs have a unit variable cost of $27.00 per unit. What is the anticipated profit at a price
What forms does quality take in a fast-food restaurant : Mohammed Abdul had been the best employee in the department. He is a highly skilled electronics technician. His work was always of the highest quality and he fi
How much can he claim for a zone offset : He has spent 240 days in Kununurra and the remainder of the time in Katherine. How much can he claim for a zone offset
Compute the price of the bonds based on semiannual analysis : The $1,000 par value bonds have a quoted annual interest rate of 8 percent. Compute the price of the bonds based on semiannual analysis
What would you evaluate your annual benefit for this unit : One option has a useful life of 7 years and costs $11,500. What would you evaluate your annual benefit for this unit to be if you have an interest rate of 5%

Reviews

Write a Review

Accounting Basics Questions & Answers

  Gamma taxable income

During 2011, Gamma accrued warranty expenses of $900 and paid cash to honor warranties of $500. Gamma's taxable income for 2011 would be:

  Prepare an argument supporting the value of forecasting

ACC 573- Create an argument supporting the value of forecasting to an organization. Provide support for your argument.

  How does the applied overhead relate to the actual overhead

How does the applied overhead relate to the actual overhead? When they are not the same, what happens to the difference?

  What are the dividends per share payable

This year, a $340,000 dividend will be paid. What are the dividends per share payable to preferred and common, respectively

  Determine recognizing revenue from contracts with customers

Review ASC 606 Recognizing Revenue from Contracts with Customers. Which industries listed in the Data section of the Case Overview

  Cost of goods manufactured equals 44000 for 2008 finished

cost of goods manufactured equals 44000 for 2008. finished goods inventory is 2000 at the beginning of the year and

  Prepare the equity and reserves section of the statement

Prepare the equity and reserves section of the statement of Financial Position as at 30 Sept 2015. An interim dividend of $4500 was paid during the year

  What is the cost per equivalent unit for August

Costs in BWIP were $4,000, and costs added for August were $30,000. What is the cost per equivalent unit for August

  Prepare journal entries for july 2011 to record the

prepare journal entries for july 2011 to record the following transactions for seaside sales. assume a perpetual

  Calculate interest expense for the year on the bonds

The market rate on the bonds at the time they were issued was 6 %. The current market rate on bonds is 9 %. Calculate interest expense for the year on the bonds

  What indemnity means in insurance law

Briefly explain what the 'doctrine of subrogation' means and discuss its effect on the parties to an insurance contract. What indemnity means in Insurance

  Give response of the given learners post

Respond to at least two other learners (see attached) who assumed a role other than the one you took on for this discussion.

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!

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