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NeTakaya
2 years ago
13

Rachelle is the owner of a full-service car wash. For the month of December she paid $2,000 in rent, $700 in utilities, $2,950 i

n salaries, and $50 on advertising. A full service car wash costs $10.50. Unit variable costs per car wash are $2.50. How many full-service car washes does Rachelle need to sell to break-even each month?
Business
1 answer:
Ilya [14]2 years ago
4 0

Answer:

Total Fixed costs:      $

 Rent                       2,000

Utilities                    700

Salaries                   2,950

Advertising             50

Total fixed cost       5,700

Contribution per car = Selling price - Unit variable cost

                                    = $10.50 - $2.50

                                    = $8.00 per car      

Break-even point in full-service car

= <u>Total fixed cost</u>

  Contribution per car

=  <u>$5,700</u>  

     $8.00    

=   712.5 = 713 cars                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      

Explanation:

Break-even point in full-service car equals total fixed cost divided by contribution per car. Contribution per car is selling price minus variable cost per car.

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At January 1, 2018, Transit Developments owed First City Bank Group $600,000, under an 11% note with three years remaining to ma
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Answer:

interest payable   66,000

note payable      384,000

       Land                            325,000

       Gain on disposal         125,000

Explanation:

600,000 x 11% = 66,000 interest payable

the land is being used to settle the note along with the accrued interest at the time:

the accounting  of Transit developments record the land at cost: 325,000

as the market valuye is 450,000 so a gain for 125,000 will be recognize.

450,000 market value - 66,000 interest payable: 384,000 payment on the note principal

the entry will write-off the interest payable, decrease the note by that amount and recognize the land gain on disposal

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2 years ago
Which of these is NOT a safe skill to employ in the presence of road workers?
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Answer:

  • <em><u>C. Drive at the posted speed limit</u></em>

Explanation:

The answer choices for this question are:

  • A. Keep alert and watch out for construction barrels or cones
  • B. Slow down even if you don't think you'll hit a road worker
  • C. Drive at the posted speed limit
  • D. Keep as much distance as you can while navigating around them

Since the conditions of the road are not the best, you should drive below the posted speed of limit.

The only presence of workers on the road represent a risk for them and for you.

The number of lanes are reduced, the road could present potholes, dirt, stones, or even some substances that make the pavement slippery. You could not have good visibility.

All those risks make that you have to be extremely careful, reduce your speed, lower than than the posted speed limit.

Thus, you should:

  • A. Keep alert and watch out for construction barrels or cones
  • B. Slow down even if you don't think you'll hit a road worker
  • C. <u>NOT </u>drive at the posted speed limit
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2 years ago
On January 15, Pinkney, Inc., issued 10,000 shares of $10 par value common stock in exchange for land and a building. Five years
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Answer:

Jan 15   Land          $45,000 Dr

             Building    $95,000 Dr

                  Common Stock at par       $100,000 Cr

                  Paid in Capital in Excess

                  of Par, Common Stock       $40,000 Cr

Explanation:

The assets are recognized by a company at the market value on the day of transaction. The market value of land and building was $140,000 (45000 + 95000). Thus, the stock issued against these assets was issued at $14 per share ($140000/10000) and a premium of $4 / share was received.

The Land is debited by $45000 and building by $95000 while we credit the common stock at par value $100000 and credit the premium $40000.

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George is an employee at a company that provides information technology solutions to other firms. Recognizing his potential to i
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The answer to the question is competition.

It seems that George is set up by his company to become a competition to the customers’ of the company. This is because George is told to develop a new smart phone application so that his company will have a unique competitive advantage from the other firms. This would lead to his company’s better performance in the future.

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2 years ago
Audreys free-throw percentage so far this season is .875. If she makes only 13 of her next 20 free throws, her percentage will d
otez555 [7]

Answer:

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x will be number of times Audreys makes a shot, and let y be total number of the shots.

x/y = .875

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Let solve for x in equation 1

x = .875y

We will plug the for x in the equation 2

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= .860

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y = 280

Audreys has taken 280 shots.

We will Plug that back into the equation 1 in order to find out how many Audreys made.

x/280 = .875

x = 245

Hence :

Audreys made 245 free throws

6 0
2 years ago
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