An adjusting entry that transfers a portion of the cost of an asset from the balance sheet to the income statement reduces assets and raises expenses.
What is an income statement?You can see the company's income and expenses on an income statement, which is a financial statement. It also reveals if a business is profitable or losing money over a specific time frame. You can better grasp your company's financial situation with the aid of the income statement, balance sheet, and cash flow statement.
What causes a reduction in an asset and an increase in a cost?In an accounting ledger, debits are always recorded on the left side. Debits affect liability, equity, and income accounts negatively while positively affecting asset and cost accounts.
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the fha allows second mortgages to be acquired on the collateral property, but the second mortgage must not contain loan-to-value limits. a prepayment penalty. maturities in excess of five years. variable payments.
The FHA allows second mortgages to be acquired on the collateral property, but the second mortgage must not contain loan-to-value limits prepayment penalty. Some lenders charge a prepayment penalty if you pay off all or part of your early.
You would have agreed to a prepayment penalty when you closed on your home if you had one. A homeowner decides to refinance a two-year-old mortgage with a $250,000 remaining balance. If the prepayment penalty is 4%, the homeowner would be required to pay $10,000 to the original lender for paying off the mortgage early. A mortgage prepayment penalty is a fee charged by some lenders if you pay off all or part of your mortgage loan early.
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if the intersection of the short-run aggregate supply and the aggregate demand curves also intersects the long-run aggregate supply curve, then the economy is:
If the intersection of the short-run aggregate supply (SRAS) and aggregate demand (AD) curves intersects the long-run aggregate supply (LRAS) curve, then the economy is in long-run equilibrium.
This means that the economy has reached a state where both the demand for goods and services and the supply of goods and services are in balance, and there are no upward or downward pressures on prices.
In long-run equilibrium, both the SRAS and LRAS curves are vertical and coincident, meaning that the economy has reached its full potential output. The LRAS curve represents the potential output of an economy in the long run, when all factors of production, including capital and labor, have fully adjusted to changes in market conditions.
In this state of long-run equilibrium, the economy is producing at its full potential, and there is no excess demand or excess supply. The level of output and prices are stable, and any short-term fluctuations in the economy will be corrected by market forces.
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a company purchased a depreciable asset for $25,000 on april 1, year 1. the asset will be depreciated using the straight-line method over its four-year useful life. assuming the asset's salvage value is $2,600, the company should recognize depreciation expense in year 2 in the amount of:
The correct answer to the question above is $5,600.
Step-by-step explanation:
Given data:
Cost of asset: $25,000Estimate useful life: 4 yearsMethod of depreciation: straight-line methodSalvage value: $2,600Depreciation Expense = (Cost - Salvage value) / Estimated useful life
Deprecation Expense = ($25,000 - $2,600) / 4
Deprecation Expense = $22,400/4 = $5,600
The company should recognize depreciation expense in year 2 in the amount of $5,600.
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the number used to reflect an overall measure of the change in a company's wealth during the period is
The number used to reflect an overall measure of the change in a company's wealth during a period is a net income also referred to as net income or the bottom line.
A company's net income is determined by deducting all costs, including taxes, from its overall revenue. Given that it gives a clear image of the company's financial performance and profitability, it is regarded as the most crucial financial metric for investors. A corporation that has a positive net income is doing better than it is doing financially, increasing its wealth. A negative net income, on the other hand, indicates that the business is depleting its wealth by spending more than it is bringing in. Investors and analysts use net income, which is often shown on an organization's income statement, to make wise investment decisions.
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the number used to reflect an overall measure of the change in a company's wealth during the period is a ____.
lily invested $10,000 five years ago with an insurance company that has paid her 4 percent (apr), compounded semi-annually (twice per year). how much interest did lily earn over the 5 years?
To calculate the interest earned by Lily over the 5 years, we can use the formula for compound interest: A = P * (1 + r/n)^(nt).
let me explain the formula in more detail:
[tex]A = P * (1 + r/n)^(nt)[/tex]
A represents the final amount (principal + interest) after t years.
P is the initial principal, which in this case is $10,000.
r is the annual interest rate, which is 4% or 0.04 in decimal form.
n is the number of times the interest is compounded per year, which is 2 times per year in this case.
t is the number of years, which is 5 years in this case.
Plugging in the values:
[tex]A = $10,000 * (1 + 0.04/2)^(2 * 5)\\A = $10,000 * (1.02)^10\\A = $10,000 * 1.0714456756\\A = $10,714.456756[/tex]
So the total amount Lily has after 5 years is $10,714.456756, which means she has earned $714.456756 in interest over the 5 years.
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optimal decisions are made at the point where marginal cost equals zero. True/False ?
The absence of this occurs when the marginal cost is zero. Additionally, the choice is considered to be sound if marginal benefit exceeds marginal cost. The assertion is false.
What statement about the marginal cost being zero is true?Although a change in fixed costs has no effect on the marginal cost, it does have an impact on how the total cost varies in reaction to variations in the level of industrial output. When there are just fixed expenses associated with producing goods, for instance, the marginal cost of production is 0.
Why is it necessary for marginal cost and marginal benefit to be identical at the optimal quantity?We can maximize the net benefit of any action by choosing the amount where marginal gain equals marginal cost, in accordance with the marginal benefit rule. The net benefit of the activity is greatest at this point.
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how can the problem statement be improved ? a. by making it time bound b. by addressing decision makers c. by addressing constraints and boundaries d. by making it more specific and measurable
The problem statement identifies the management issue that must be handled by a choice, while the essential objectives indicate the ideal outcomes of a wise choice and the options the possible courses of action.
The issue that has to be resolved is succinctly described in the problem statement. In process improvement, identifying the issue is a crucial first step in problem solutions. According to the proverb, "a well-defined issue is a problem half-solved." Employers value problem-solving abilities because they demonstrate a variety of other qualities, including logical thinking, creativity, resilience, inventiveness, lateral thinking, and drive. Both in your professional and personal life, it is an essential talent.
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the market for yoghurt is initially in equilibrium. yoghurt producers successfully advertise to encourage yoghurt consumption. at the same time, yoghurt producers exit the market. standard demand and supply analysis tells us that the:
The market for yoghurt is initially in equilibrium. Yoghurt producers successfully advertise to encourage yoghurt consumption. At the same time, yoghurt producers exit the market. The standard demand and supply analysis that the increase and decrease respectively.
The supply analysis is the analysis that the study of the buyers and sellers performance in the marketplace that how they interact and determine the transaction prices and quantities.
If the producers exist the market after the advertisement then the demand of products increase and the supply curve tends to zero. The type of supply analysis is market supply, short-term supply, long-term supply, joint supply and the composite supply analysis.
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when prices are rising, the method of inventory valuation that results in the highest relative net cash inflow (including the effects of taxes) is:
Method of Inventory valuation is the process of determining the value of the stock of goods that a company holds for sale. The following are the techniques for inventory valuation that are most frequently employed:
First-In, First-Out (FIFO): This approach makes the assumption that the first items bought are also the first goods sold. Unsold inventory is given a cost based on the most recent purchases.
Last-In, First-Out (LIFO): According to the LIFO approach, the last item bought will be the first item sold. The unsold inventory is given the cost of the earliest acquisitions.
Weighted Average Cost: This method calculates the average cost of all the goods in the inventory and assigns this cost to each unit of inventory.
Specific Identification Method: Under this method, the cost of each individual item of inventory is tracked and assigned to that specific item when it is sold.
Standard Cost Method: This method uses predetermined costs for the products in the inventory, which are adjusted for any variances from the actual cost incurred.
Each of these methods has its advantages and disadvantages, and the choice of method will depend on the nature of the business, the type of goods being held in inventory, and the accounting policies of the company. It is important to use a consistent method of inventory valuation from period to period to ensure accurate financial reporting.
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most marketing executives have a utilitarian response to ethical problems. in those situations, a utilitarian model is illustrated by
While approaching an ethical issue in marketing, the utilitarian tradition would consider: the benefits and costs of each exchange. i.e. Option B
Utilitarianism is a hypothesis of profound quality that supporters activities that encourage satisfaction or joy and go against activities that cause misery or damage. When coordinated toward making social, financial, or political choices, a utilitarian way of thinking would go for the gold of society all in all.
Utilitarianism would agree that that an activity is correct in the event that it brings about the bliss of the best number of individuals in a general public or a gathering. Utilitarianism is a practice of moral way of thinking that is related with Jeremy Bentham (1747-1832) and John Stuart Plant (1806-1873), two late eighteenth and nineteenth century English savants, financial experts, and political masterminds. Utilitarianism holds that an activity is correct assuming it will in general advance bliss and wrong on the off chance that it will in general create trouble, or the converse of joy — in addition to the joy of the entertainer yet that of everybody impacted by it.
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Correct Question -
While approaching an ethical issue in marketing, the utilitarian tradition would consider:
A. the degree to which individuals freely participate in an exchange.
B. the benefits and costs of each exchange.
C. other values that are affected by the exchange.
D. personal characters of the parties that are involved in the exchange.
if the price of a pizza is $10, your income elasticity of demand is as your income increases from $20,000 to $24,000. however, if the price of a pizza is $14, your income elasticity is .
The term "income elasticity of demand" describes how responsive a given good's quantity demand is to changes in the real income of the customers who purchase such.
The phrase "income elasticity of demand" describes how responsively a quantity of an item or service is required to change income from an economic perspective.
Calculating the income elasticity of demand is done using a formula that compares the percentage change in quantity demanded to the percentage change in income.
A change in consumer income causes demand for a given product to alter more dramatically the higher the income elasticity.
Here is how the income elasticity of demand is represented mathematically:
Income elasticity of demand (YED) is defined as the ratio of changes in quantity demanded and income.
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a local cafe has decided to buy its salad greens only from those growers that produce it organically. this is an example of
This is an example of tactical greening, which includes making a little change to only one area of the organization. It is a part of the environmental marketing strategy.
What actions should be performed depends on the level of greening at the organizational level. It's possible that strategically going green in one place might be efficiently used in another. A company may make significant adjustments to its production procedures but decide against capitalizing on them by establishing itself as an environmental leader. Strategic greening is therefore still important in the product space even though it may not always be strategically incorporated into all marketing activities.
In contrast, tactical greening in promotions may involve little to no greening of other regions and may instead be employed to take advantage of a momentary chance. A business may decide to support a neighborhood environmental program without changing its other operations
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Complete question is
A local cafe has decided to buy its salad greens only from those growers that produce them organically. This is an example of
global greeningproduct greening.tactical greening.strategic greening.quasi-strategic greening.which assumption(s) allow(s) us to draw indifference curves? a. that the more we have of a good, the less we are willing to give up to get even more of it b. rankability and completeness c. cardinal measurement and cardinal ranking d. free disposal and more is better
The correct options are A and B.
A) that the more we have of a good, the less we are willing to give up to get even more of it.
B) rankability and completeness.
Preferences are complete. According to economists, consumers make decisions about which products to purchase based on a set of preferences. Three requirements must be met by these preferences: completeness, transitivity, and the maxim "more is better." When customers are given the option to choose between any two bundles of goods, they should always be able to rate them. This is what I mean by completeness. This eliminates the potential that buyers will be unable to choose the best bundle. Completeness necessitates that the user be able to rate every relevant state in the world—a state is relevant if it has the potential to be selected by the user.
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assuming that the long-run demand for blueberries is the same as the short-run demand, you would expect a binding price ceiling to result in a
If the long-run demand for blueberries is the same as the short-run demand, a binding price ceiling will result in a long-run shortage that is greater than the short-run deficit.
A binding price ceiling is established when the government or a government agency sets the maximum price for a product below the equilibrium price.
The long-term supply of blueberries would be reduced as a result of the contractual price ceiling. There will be a scarcity if the demand in the long and short run is the same.
A first-come, first-served market develops when binding pricing regulations are in effect for years. People will do whatever they can to acquire access to the product or service, including bribing.
Sellers may develop strong preferences and only sell to people or businesses who fulfill those preferences, such as those introduced by a friend or family member or who benefit the seller's business in some way. Furthermore, governments frequently ration items to ensure fair distribution.
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jerome peribere, ceo of sealed air, announced that the company was moving to charlotte, nc. he was performing the managerial role of group of answer choices leader liaison disseminator monitor spokesperson
Jerome Peribere, the CEO of Sealed Air, was serving as the organization's "spokesperson. As the company's official spokesperson, he informs the public of the organization's vision, goals, and plans in this capacity.
A spokesperson is a person who speaks and represents a business or group. They are in charge of informing the general public and other stakeholders about the organization's message, beliefs, and objectives. In establishing an organization's reputation and image, spokespeople are essential. Press releases, media appearances, public remarks, and company events are just a few of the ways they might communicate. In some organisations, the spokesperson is a designated person who is in charge of media relations and public relations; in other organisations, the function may be shared by a number of persons. Strong communication abilities, familiarity with the company's operations and procedures, and the capacity to answer to challenging queries are all qualities of an effective spokesman.
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when a shopper puts an item in their online shopping cart, amazon recommends add-on products to
Answer: Increase revenue
Amazon's recommendation engine is a great way for shoppers to find products that compliment the item they have already selected.
Here, correct answer will be
When an item is added to a shopper’s online shopping cart, Amazon’s recommendation engine scans the item and suggests other products that could be purchased alongside it.
These “add-on” products are often related to the item in some way, such as accessories, extended warranties, or more of the same item. By recommending add-on products, Amazon can help shoppers get the most out of their purchase and make their shopping experience more convenient.
Amazon also benefits from this system as it increases their sales and customer loyalty.
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is a concept that computer systems will become sophisticated enough that they can adapt and create their own software and hence adapt their behavior without human assistance. group of answer choices business intelligence systems moore's law knowledge management the singularity expert systems
Singularity is a concept that computer systems will become sophisticated enough that they can adapt and create their own software and hence adapt their behavior without human assistance.
What is Singularity?
The growth of robotics and intelligent machines will eventually reach a point known as the singularity at which it will no longer be possible to control it. In this case, artificial intelligence will be able to outperform human intelligence and develop independently. This type of AI will be able to think of ideas and concepts that are beyond the scope of human comprehension and will be able to accomplish tasks that are beyond our reach. The singularity's ability to completely alter the planet is the main cause of fear. Our societal institutions might disintegrate or significantly change if robots grow sufficiently sophisticated that they can take control of government resources, internet functionality, e-commerce, and so forth.
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what is one of the three factors a company n... what is one of the three factors a company needs to consider when creating a market information system? multiple choice demographics information needs diversity technology needs flexibility
Information needs is one of the three factors a company needs to consider when creating a market information system.
The other two factors are data sources and technology. Information needs are the specific pieces of information that a company needs to collect in order to make informed decisions.
This includes data on customer behavior, market trends, competitive analysis, and more. Companies must then determine which data sources can provide the information needed and what technology can be used to collect, store, and analyze the data.
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i need help with this 12 mark question I've been trying to attempt this for an hour and pls it would be nice if you can give me the answer in a 12 mark format with context from the text
The importance of the reliability of primary market research data for Fromes are research must have a high degree of validity in order to be trusted. This indicates that the information and supporting data gathered are true.
What do you mean by market research?The systematic collection, recording, and analysis of qualitative and quantitative data about problems related to the marketing of goods and services is known as marketing research.
Primary research aims to address questions that are unique to your business, giving you valuable insight into the crucial issues that have an impact on it. Additionally, the data you gather is yours.
A product's marketing is facilitated by its dependability. In a market that is extremely competitive, the marketer will be better able to sell it with confidence and success.
Therefore, the importance of the reliability of primary market research data for Fromes are research must have a high degree of validity in order to be trusted. This indicates that the information and supporting data gathered are true.
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as a project manager, you determine the cost for items such as software, tools, labor, and equipment. what budgeting term refers to these types of costs?
Cost budgeting is the technique of making a monetary plan and price range the use of price estimations. A price range is a monetary equipment that specialists can use to control their funds.
Cost budgeting is a form of price range that includes totaling all predicted fees for a fixed period. Project managers frequently use price budgeting whilst making plans new projects. Business executives and monetary specialists can use price budgeting whilst developing budgets for the region or year. These specialists can use a price price range to reading their mission overall performance and spending behaviors.
To create a price price range, specialists use records from price estimates. A price estimate predicts the full fees of every level at some point of a mission. A price price range consists of estimates for the subsequent kinds of fees.
Direct fees: Direct fees are costs that relate to bodily items and offerings used at some point of manufacturing. For example, in a production company, this may consist of materials, manufacturing hard work and transportation fuel.
Indirect fees: Indirect fees are the costs related to widespread commercial enterprise operations. This consists of rent, supervisors' salaries and verbal exchange offerings, which includes net and speak to fees.
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US-Mobile manufactures and sells two products, tablet computers (60% of sales) and smartphones (40% of sales). Fixed costs are $700,000, and the weighted-average contribution margin per unit is $100. How many units of each product are sold at the break-even point
US-Mobile with fixed costs as $700,000, and the weighted-average contribution margin per unit is $100 , would need to sell 4,200 tablet computers and 2,800 smartphones at the breakeven point.
To calculate the break-even point in unit sales, we need to first determine the total contribution margin per unit, which is the selling price per unit minus the variable costs per unit.
If the weighted-average contribution margin per unit is $100, then we can assume that the weighted-average selling price per unit is $100 + the weighted-average variable costs per unit. Next, we can use the following formula to calculate the break-even point in unit sales:
Break-even point in unit sales = Fixed costs / Contribution margin per unit
Plugging in the given values:
Break-even point in unit sales = $700,000 / $100 = 7,000 units
Since tablet computers make up 60% of sales and smartphones make up 40% of sales, we can calculate the number of each product sold at the break-even point as follows:
Tablet computers: 7,000 units * 60% = 4,200 units
Smartphones: 7,000 units * 40% = 2,800 units
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the price elasticity of demand for fresh cilantro has been estimated to be 2.22. if a new insecticide and fertilizer treatment yields a 20% increase in the nation's fresh cilantro crop, how will that affect total revenue from fresh cilantro, all other things equal?
If the price elasticity of demand for fresh cilantro has been estimated to be 2.22 and if a new insecticide and fertilizer treatment yields a 20% increase, the total revenue will increase.
The quantity sought for a good is measured according to its price elasticity of demand. Almost all goods see a decrease in quantity demanded when prices rise, however certain goods experience this decrease more than others. When a price increases by while all other factors remain constant, the price elasticity provides the percent change in quantity required. If the elasticity is negative, a increase in price results in a decrease in amount demanded. Other elasticities quantify how changes in other factors affect the quantity needed. Changes occur in the demand for consumer income's income elasticity. A somewhat elastic demand means that the quantity of a service or product needed will alter depending on the price of that product or service. When there are numerous alternatives, a good or service is often considered to have substantial price elasticity.
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the esg framework provides a lens for companies to evaluate priorities in these three areas: group of answer choices environmental, social, governance. external, social, government. execution, supply chain, global marketing. exchange, stakeholders, goals. ethics, social responsibility, government.
The correct option is A, The ESG framework provides a lens for companies to evaluate priorities in these three areas Environmental, Social, Governance.
The ESG framework is a set of Environmental, Social, and Governance (ESG) indicators used by investors and financial analysts to assess the sustainability and ethical impact of companies and investments. The ESG framework aims to provide a holistic and comprehensive view of the financial and non-financial performance of a company, taking into account various factors that are considered critical to the long-term viability of a business.
Environmental indicators look at a company's impact on the environment, such as its carbon footprint, energy efficiency, and waste management. Social indicators focus on how a company treats its employees, customers, and other stakeholders, including issues such as human rights, diversity and inclusion, and health and safety. Governance indicators evaluate the company's management, board of directors, and governance processes, looking at areas such as transparency, risk management, and corporate responsibility.
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Complete Question: -
The ESG framework provides a lens for companies to evaluate priorities in these three areas:
a. environmental, social, governance.
b. external, social, government.
c. execution, supply chain, global marketing.
d. exchange, stakeholders, goals.
e. ethics, social responsibility, government.
the common agricultural policy (cap) of the eu subsidizes european farmers for producing certain goods. this is an example of and runs counter to free trade policies.
European farmers are given subsidies through the EU's Common Agricultural Policy (CAP) to produce specific goods. In opposition to free trade policy, this is a case of protectionism.
Target Corporation was taking a proactive approach to the global retail environment in 2013 whenever it tried to enter the Canadian market in such an effort to position itself as a worldwide company.
General Electric (GE) is a business that comprehends globalization since every year it reinvents itself through reorganising in response to shifts in international diplomacy, socioculture, and technology.
Today, many businesses manufacture and market their products or services using both made up entirely and contract workers.
The term "globalization" describes the blending and interconnection of both the financial, technical, social, and democratic institutions across several geographical areas.
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what are examples of demographic forces that can affect an industry? (choose every correct answer.) multiple select question. an increase in interest rates a rise in church attendance a decline in population size a decrease in global sales a decrease in marriage rates
There are examples of demographic forces that can affect an industry are:
A rise in church attendance.A decrease in marriage rates.A decline in population size. Thus, option (b), (c) and (d) is correct. What is industry?The term industry refers to the factory are the manufacturing of the product. The production of the goods making. The process of the raw material are the converted into the finished goods. The labour are the performing the work.
According to the demographic forces that can affect an industry are the main reason is decrease in marriage rates, rise in church attendance, and the decline of the population size.
As a result, the significance of the industry are the aforementioned.
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the heckscher-ohlin theorem predicts group of answer choices which goods will be exported. which factors are abundant. who benefits and who loses from trade. the income distribution effects of trade.
Option (a), Exports of goods are anticipated by the Heckscher-Ohlin theorem.
What export prediction is made by the Heckscher-Ohlin theory?The Heckscher-Ohlin theorem forecasts the international commerce pattern based on the unique characteristics of each nation. It asserts that, as opposed to a country with an abundance of labor exporting goods with a high level of labor, a country with an abundance of capital exporting goods with a high level of capital (Suranovic, 2010).
How does the Heckscher-Ohlin theory feel about the advantages of trade?The Heckscher-Ohlin theory holds that commerce allows each nation to specialize. Each nation trades goods that are better suited for domestic production for the commodities it is best suited to produce abroad.
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a sporting goods store decides to lower prices on high-end sports equipment. how could this change affect market equilibrium?(1 point)
Based on economic concepts, decrease in price of high-end sports equipment could have effects on market equilibrium.
Effect of decrease in price in market equilibrium?A decrease in price of high-end sports equipment could have the following effects on the market equilibrium are Increase in quantity demanded: If the price of high-end sports equipment decreases, consumers may feel that the equipment is now more affordable and therefore may demand more of it, Shift in the demand curve: The decrease in price would cause the demand curve to shift to the right, reflecting an increase in the quantity demanded at each price level and New market equilibrium: The new market equilibrium would occur at a higher quantity of high-end sports equipment sold and a lower price. The store's decision to lower prices may result in a higher total revenue due to the increase in quantity demanded.
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5c. what major advantage does a foreign joint ve... what major advantage does a foreign joint venture have?
A foreign joint venture can provide a unique opportunity for a foreign company to enter a new market and gain a competitive advantage while minimizing the risks and costs associated with going it alone.
A foreign joint venture has several major advantages, including:Access to local market knowledge and resources: By partnering with a local company, a foreign joint venture can tap into the local partner's expertise and resources, such as market knowledge, customer connections, distribution networks, and government relationships.
Reduced risk and investment: A joint venture enables the partners to share the risks and costs of entering a new market, making it less expensive and less risky for both parties.
Enhanced competitiveness: A joint venture can bring together the strengths of both partners, such as technology, management expertise, and marketing capabilities, to create a more competitive offering in the local market.
Compliance with local regulations: Partnering with a local company can help the foreign joint venture comply with local laws, regulations, and cultural norms, making it easier to succeed in the market.
Improved relationships with local stakeholders: By partnering with a local company, a foreign joint venture can improve its relationships with local stakeholders, such as suppliers, customers, and government agencies, and increase its reputation in the market.
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if a company reports a large amount of net income on its income statement during a year, the firm could have
A company may have A. positive cash flow if it records significant net income on its income statement over the course of a year.
Net income is the remaining accounting profit a business has after covering all of its costs. Sales revenue is multiplied by COGS, SG&A, depreciation and amortization, interest expenditure, taxes, and any other costs to arrive at net income.
Since it is the final line on the income statement after all expenses, taxes, and interest have been deducted, net income (NI) is also referred to as the "bottom line." The cash flow statement and balance sheet are both connected by net income. According to the balance sheet, retained earnings allow net income to enter stockholders' equity.
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virgil corporation has a selling price of $39 per unit, and variable costs of $30 per unit. when 14,000 units are sold, profits equaled $27,000. how many units must be sold to break even?
In order to calculate the number of units that must be sold to break even, we must use the formula Break Even Point = Fixed Costs / (Selling Price - Variable Costs).
In the case of Virgil Corporation, the fixed costs are $27,000 and the selling price is $39 per unit with the variable costs of $30 per unit. We can then plug these values into the equation and solve for the break even point. 27,000 / ($39 - $30) = 6,750 units. This means that Virgil Corporation must sell 6,750 units in order to break even.
To break even, a company must sell its products in a quantity such that its total sales revenue is equal to its total costs. This is known as the break even point. In order to calculate the break even point, we must use a combination of the selling price, variable costs, and fixed costs associated with the product. Here, we can determine the break even point for Virgil Corporation by solving the equation Break Even Point = Fixed Costs / (Selling Price - Variable Costs). By plugging in the given values, we can determine that Virgil Corporation must sell 6,750 units in order to break even.
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