Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. to pay for his academic fees, tarek, a college stu

To pay for his academic fees, Tarek, a college student, is selling a computer accessory...

60.1K

Verified Solution

Question

Finance

To pay for his academic fees, Tarek, a college student, is selling a computer accessory to other students. His cost to purchase each piece is

$56,

and he is planning to sell the accessories for

$110

each. Fixed costs for advertising amount to

$620.

(a)Compute the contribution margin.

(b)Compute the contribution rate.

(c)Compute the break-even point in units.

(d)Compute the break-even point in sales dollars.

(a) The contribution margin per unit is

$nothing.

(Type a whole number.) (b) The contribution rate is

nothing%.

(Round to two decimal places as needed.)(c) The break-even point in units is

nothing.

(Round up to the nearest unit.)(d) The break-even point in sales dollars is

$nothing.

(Round to the nearest cent as needed.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What are “Economic Rents.” How do they affect the economy? Please try to be as thorough...

Psychology
Q

A proposed steam power plant design consists of an ideal Rankine cycle with reheat and regeneration....

Mechanical Engineering
Q

My sister's teenager has decided not to attend college in favor of joining the stage crew...

Psychology
Q

A A real estate agency wants to compare the appraised values of single-family homes in two Black...

Basic Math
Q

Which hormones are responsible to regulate the blood calcium levels?Insulin and glucagonThyroid hormone and insulinCalcitonin...

Biology
Q

19 There are two squares loops A and B When A moves towards B a...

Physics
Q

3 ft 2 5 ft 2 ft Trenton will need Trenton is building a skateboarding...

Algebra
Q

Mason Corporation began operations at the beginning of the current year. One of the companys...

Accounting
Q

Riverside Memorial Hospital Balance Sheets (December 31, 2010 and 2011) in thousands 2010 2011 Cash...

Accounting
Q

Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who...

Accounting
Q

Instructions: Please complete the 2019 federal income tax return for Joseph and Diana Cohen. Ignore...

Accounting
Q

Benefits of diversification. Sally Rogers has decided to invest her wealth equally across the following...

Finance