break even

Golden Gate Novelties (GGN) sells souvenir key chains at the local airport. GGN charges $12.00 per chain. The variable cost for a chain, including the wholesale cost of the chain, packaging, the commission paid to the airport operator, and so on, is $10.40. The annual fixed cost for GGN is $15,000. Required: a. How many cases must Golden Gate Novelties sell every year to break even? Note: Do not round intermediate calculations. b. The owner of GGN believes that the company can sell 12,500 chains a year. What is the margin of safety in terms of the number of chains? a. Break-even point b. Margin of safety chains chains

What is the total cost of a $700 tablet computer that is on sale at 14% off if the local sales tax rate is 4%? The cost of the tablet is $ (Round to two decimal places as needed.)

Stork Enterprises delivers care packages for special occasions. They charge $35 for a small package, and $95 for a large package. The sales tax rate is 7%. During the month of May, Stork delivers 28 small packages and 41 large packages. A. What is the total tax charged to the customer per small package? What is the overall charge per small package? If required, round your answers to two decimal places. Total tax charged $_________ per small package Overall charge $_________ per small package B. What is the total tax charged to the customer per large package? What is the overall charge per large package? If required, round your answers to two decimal places. Total tax charged $__________ per large package Overall charge $__________ per large package C. How much sales tax liability does Stork Enterprises have for the month of May? If required, round your answers to two decimal places. $__________ D. What account is used to recognize this tax situation for the month of…

Restaurant A serves lunch and dinner. It is open 5 days a week all year long. The total revenue for the past year was $1,000,000. The manager of Matt's Deli estimates that 52% of its revenue is provided by lunch service and the remainder by dinner service. Matt's has 50 seats, with a seat turnover rate of 7.3 for lunch and 4.8 for dinner. Determine the average check per meal for lunch. Select one: a. $237 b. $653 c. None of the available choices d. $333

Stork Enterprises delivers care packages for special occasions. They charge $55 for a small package, and $85 for a large package. The sales tax rate is 7%. During the month of May, Stork delivers 48 small packages and 25 large packages. A. What is the total tax charged to the customer per small package? What is the overall charge per small package? If required, round your answers to two decimal places. Total tax charged $ per small package Overall charge per small package B. What is the total tax charged to the customer per large package? What is the overall charge per large package? If required, round your answers to two decimal places. Total tax charged $ per large package Overall charge per large package C. How much sales tax liability does Stork Enterprises have for the month of May? If required, round your answers to two decimal places. $ D. What account is used to recognize this tax situation for the month of May? Sales Tax Payable E. When Stork remits payment to the sales tax…

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