In the short-term Bertrand equilibrium, firms 1 and 2 will set prices to maximize their profits, considering the inverse demand function and constant marginal cost.
In the short-term equilibrium corresponding to the Bertrand equilibrium with two firms, 1 and 2, the inverse demand function is given by P = 10 - 9Q1 - 9Q2, where Q1 and Q2 represent the quantities produced by firms 1 and 2, respectively. Both firms face a constant marginal cost of c₁ = C.
In the Bertrand equilibrium, firms compete on price, assuming that they can adjust their output levels to meet any demand at the prevailing market price. Each firm aims to maximize its profits by setting a price that undercuts its competitor's price. If both firms set the same price, they will split the market evenly.
To determine the equilibrium, we need to consider the reaction functions of the firms. Firm 1's reaction function represents the price it will set as a response to the price set by firm 2, and vice versa.
Let's assume that firm 1 sets the price P1 and firm 2 sets the price P2. Firm 1's profit can be calculated as (P1 - c₁)Q1, and firm 2's profit as (P2 - c₁)Q2. Each firm wants to maximize its profit, so they will set prices such that their respective profits are maximized.
To find the reaction functions, we can differentiate the profit functions with respect to the respective firm's price and set the derivatives equal to zero. This will give us the optimal prices for each firm.
Once we have the optimal prices for each firm, we can substitute them back into the inverse demand function to determine the equilibrium quantities Q1 and Q2.
The specific calculations for finding the equilibrium prices and quantities depend on the specific values of the marginal cost c₁ = C and the demand function. With the given information, it is not possible to provide a precise numerical solution.
In summary, in the short-term equilibrium corresponding to the Bertrand equilibrium, firms 1 and 2 will set prices in a way that maximizes their profits, considering the inverse demand function and their constant marginal cost. The specific equilibrium prices and quantities depend on the specific values of the marginal cost and demand function.
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As the marketing director for a mid-range chain hotel in rural Indiana that boasts several locations worldwide, you have been informed that your hotel is losing business to some of its nearby competitors. What would you do or implement to try and rectify the situation? Identify and evaluate several marketing channels that you could use to promote your hotel's destinations and products
As the marketing director, I would recommend implementing a multi-pronged marketing strategy that leverages various channels to promote the hotel's destinations and products.
Here are a few potential marketing channels that could be used:
Social Media Advertising: Target specific demographics with ads to showcase hotel amenities, highlight promotions/events, and provide information about local attractions.Content Marketing: Create engaging content (blog posts, videos, infographics) to attract potential customers, showcase local attractions, and provide insights into the hotel's unique offerings.Influencer Marketing: Partner with influencers to reach new audiences, promote special promotions/events, showcase hotel amenities, and provide travel recommendations.Email Marketing: Cost-effective way to stay in touch with customers by sending newsletters and promotional emails about special offers and events.Search Engine Optimization (SEO): Optimize website for search engines by using relevant keywords and optimizing content to improve visibility and attract organic traffic.What is SEO?
SEO stands for Search Engine Optimization. It refers to the process of optimizing a website's content and structure to improve its visibility and ranking in search engine results pages (SERPs). The goal of SEO is to attract more organic traffic to a website by making it more relevant and valuable to search engine users.
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The Jones Jewelry company has located the design and production of its jewelry operations offshore; the jewelry is being produced in Bangladesh. As a result, Jones Jewelry is exposed to all the following risks EXCEPT risks from _______.
As a result of Jones Jewelry locating the design and production of its jewelry operations offshore while producing in Bangladesh, Jones Jewelry is exposed to all the following risks EXCEPT risks from A. highly uniform quality standards.
What are the risks faced by multinational companies?The risks faced by multinational companies include:
Institutional failuresCrimePolitical instability and violence (geopolitical conflicts, foreign nationalization of assets)Fluctuations in currency exchange rates.Answer Options:A. highly uniform quality standards.
B. foreign nationalization of assets
C. geopolitical conflict
D. unintended knowledge leakage to foreign competitors
Thus, the only risk that Jones Jewelry may not be exposed to is A. highly uniform quality standards.
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How to study using a 450 pg online college textbook in which you are asked detailed questions and scenarios.. It's overwhelming.
Answer:
Explanation:
There are many things in life that will seem overwhelming due to the how large and complex all of the data may be. The best way to get through these moments is to divide the task into smaller parts and sit down and dedicate time to it. For such a textbook divide the total amount of pages and read a little bit at a time, take breaks, reflect on what you have read, answer practice questions, and continue to the next group of pages. You will see after getting started that it is not as overwhelming anymore.
List three types of market structure
Answer:
perfect competition, imperfect competition, oligopoly, and monopoly. Perfect competition describes a market structure, where a large number of small firms compete against each other with homogenous products.
When Heidi Ganahl first started out with Camp Bow Wow, she spent a lot of time "micromanaging" things, but as time went by, she spent more of her focus on which aspect of management functions? A.Controlling b.Organizing c.Strategic planning d.Establishing goals and objectives
Answer:
c. Strategic planning
Explanation:
Micromanaging things refers to managing things with respect to the subordinates work or remember them for working in a particular subject.
In the given situation, since Heidi Ganahl spent a lot of time for micromanaging things after that he spent more focused on strategic planning as she wants to do the work planning so that she is able to accomplish the goals and objectives in an efficient and effective manner
Moreover, strategic planning refers to planning with respect to the direction of the business, its vision, mission, objectives, goals, etc so that the firm gets to know where they are and where they want to be in near future.
Hence, the correct option is c.
Requirements
1. Columns for Land, Land Improvements, Building, and Furniture have been set up. Show how to account for each cost by listing the cost under the correct account. Determine the total cost of each asset.
2. All construction was complete and the assets were placed in service orn August 1. Record partial-year depreciation for the year ended December 31 Round to the nearest dollar.
The assets' costs were recorded in the appropriate accounts, i.e., Land, Land Improvements, Building, and Furniture. The total cost of each asset was obtained by adding up its costs from these accounts. Partial-year depreciation for the year ending December 31 was calculated using the straight-line method, based on the asset's depreciable cost and useful life.
To account for each cost under the correct account, we can use the following entries:
Land: The cost of land is recorded in the Land account.
Debit: Land
Credit: Cash (or Accounts Payable, if purchased on credit)
Land Improvements: The cost of land improvements, such as paving, landscaping, or adding fences, is recorded in the Land Improvements account.
Debit: Land Improvements
Credit: Cash (or Accounts Payable, if purchased on credit)
Building: The cost of the building is recorded in the Building account.
Debit: Building
Credit: Cash (or Accounts Payable, if purchased on credit)
Furniture: The cost of furniture is recorded in the Furniture account.
Debit: Furniture
Credit: Cash (or Accounts Payable, if purchased on credit)
To record partial-year depreciation for the year ended December 31, we can use the following steps:
Determine the depreciable cost of each asset by subtracting its estimated salvage value from its cost.
Determine the asset's depreciation expense using the straight-line method, which is calculated by dividing the depreciable cost by the asset's estimated useful life.
Record the depreciation expense in the appropriate account and adjust the asset's book value.
For example, if the cost of the building is $100,000 and its estimated salvage value is $10,000, and it has an estimated useful life of 25 years, the depreciable cost would be $90,000 ($100,000 - $10,000). The annual depreciation expense would be $3,600 ($90,000 / 25 years). If the building was placed in service on August 1, the partial-year depreciation for the year ended December 31 would be $1,200 ($3,600 / 12 months x 4 months). The entry to record the depreciation expense would be:
Debit: Depreciation Expense - Building ($1,200)
Credit: Accumulated Depreciation - Building ($1,200)
The Accumulated Depreciation - Building account is a contra-asset account that is used to record the total amount of depreciation taken on the building to date. The book value of the building can be calculated by subtracting the accumulated depreciation from the building's cost.
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If the incorporator makes a serious mistake in the process of incorporation the business, such as not filing the articles of incorporation with the secretary of state, the courts may still recognize the corporation as a(n) _______ corporation. Multiple Choice de facto executory implied de jure
A De facto corporation is a term used by courts to show the events in which a business organization that has failed in its effort to be a de jure corporation which is a corporation by law. but it will still be treated as a corporation. The courts may still recognize the corporation as a De facto corporation.
A De facto corporation is simply known as a type of corporation which is organized with beautiful compliance with the requirements of incorporation and allowed to stand and exercise the powers of a corporation until its existence is backed up by the State.It shows that there is an extent of legal recognition of a corporation, even if its articles of incorporation may not have been filed correctly.
Conclusively, A De facto corporation is one where parties who tried to establish it must act in hope and must be running their business as a corporation.
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In the Month of March, Baldwin received orders of 156 units at a price of $15.00 for their product Bolt, and in April receives an order for 39 units of their product Bolt at $15.00. Baldwin uses the accrual method of accounting and offers 30-day credit terms. Baldwin delivers 0 units in March, 156 units in April and 39 units in May. They received payment for 156 units in April and payment for 39 units in May.
Required:
How much revenue is recognized on the March income statement from this order?
what happens when ethanol is refluxed with acidified sodiumheptaoxodiochromate(4) solution for a long time
Answer:
1-butanol
Explanation:
Imagine that you have no money and you have to leave home and live by yourself. Make a list of the ten most important things that you would take with you and explain why.
Answer:
food clothes water
Explanation:
their the basic needs of an individual
If $560 is invested at an interest rate of 9% per year and is compounded continuously, how much will the investment be worth in 5 years? use the continuous compound interest formula a = pert.
a. $250
b. $685
c. $878
d. $1,026
c.$ 878 will the investment be worth in 5 times.
The interest you earn on interest is known as compound interest.compound interest, also known as interest on star and interest, is the practice of adding interest to the top amount of a loan or deposit. It occurs when interest is reinvested, or added to the advanced capital rather than paid out, or when the borrower is demanded to pay it, so that interest is generated the coming period on the top amount plus any accumulated interest. In finance and economics, emulsion interest is common.
Continuously compounded interest is A=Pe^(rt) or \(A=Pe^ r^t\)
where A is the final quantum,
P is the original quantum,
r is the interest rate, and t is the number of compounding.
Then, P = 560, r = 0.09, and t = 5.
A = 560e(0.09 × 5) = 560e(0.45) = 560 x 1.56831
A = 878.25
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Your client, Judy, with a credit score of 620, has been approved for an FHA loan for a home with a sales price of $200,000. What is the minimum down payment that will apply
Answer:
0
Explanation:
Assuming the workmans live in california, a community property state, and that diana and ryan file separately, what is diana's gross income minus expenses on the day care business?
Diana and Ryan file separately, Diana's gross income minus expenses on the day care business would be half of the total gross income minus expenses for the business.
In California, a community property state, the income and expenses from a business owned by a married couple are generally split evenly between the two spouses. To calculate Diana's gross income minus expenses, we would first need to know the total gross income and total expenses for the day care business. Once we have those numbers, we can use the following formula:
Diana's gross income minus expenses = (Total gross income / 2) - (Total expenses / 2)
For example, if the total gross income for the day care business was $100,000 and the total expenses were $50,000, Diana's gross income minus expenses would be:
Diana's gross income minus expenses = ($100,000 / 2) - ($50,000 / 2) = $50,000 - $25,000 = $25,000
Therefore, Diana's gross income minus expenses on the day care business would be $25,000.
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When janelle decided to buy a new computer, she thought about all the brands she could recall seeing advertised, but when she visited her local best buy, she limited her search to only those brands she would consider buying. the brands available at best buy represent janelle's set.
Situational influences are transient circumstances that have an impact on consumer behavior.They include tangible elements like a store's layout, buying areas, music, lighting, and even odors.Businesses work to improve the physical conditions that shoppers encounter.
What are the situational factors that could alter the consumer decision making at the time of purchase?The likelihood that someone will go through all six stages of the purchasing process is probably limited to specific circumstances, such as when purchasing a thing for the first time or when purchasing expensive, durable, infrequently used items.Complex decision-making is what is meant when this occurs. Which of the aforementioned purchases would consumers be most likely to make with limited problem-solving.A regular coffee drinker's typical purchase is generally coffee to go.But problem solving skills will likely be reduced as a result of college courses. Physical surroundings, social surroundings, temporal perspective, task description, and antecedent state are the five components that make up situational factors. There are four different forms of consumer behavior: complex buying behavior, dissonance reduction, variety seeking, and habitual buying behavior. Consumer decision-making can appear complicated, but all buyers follow the same fundamental stages to choose the goods and services that will best meet their needs.Whether purchasing something, especially when it's something substantial like a car, consider your own thought process. When acquiring high-involvement products, buyers don't exhibit routine response behavior.Instead, they participate in what is known as prolonged problem solving, spending a lot of time weighing various factors such product features, costs, and warranties.To learn more about decision making refer
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Which of the following is an example of the ethical issue of gift-giving in the
health care industry?
Answer:
Patient Privacy and Confidentiality. The protection of private patient information is one of the most important ethical and legal issues in the field of healthcare. ...
Transmission of Diseases. ...
Relationships. ...
End-of-Life Issues
etc.
Answer:
A doctor prescribes medication to patients after the pharmaceutical company present tickets to a basketball game to the doctor.
Explanation:
good luck with your homework <3
the process of removing caffeine from coffee beans (i.e., producing decaf coffee) is costly. why is the price of decaffeinated coffee generally the same as caffeinated coffee?
He explained, "It's because water generally spends less time in contact with the coffee." Decaffeinated beans can cost anywhere from fifty cents to one dollar more per pound. Decaf can cost more because of this, or roasters can make up for it by using cheaper beans in the beginning.
What happens to the caffeine from decaf coffee when it is extracted?
The majority of the caffeine that is taken out of the coffee beans is recycled and sold to soda companies like Coca-Cola and Pepsi and pharmaceutical institutions. Pure caffeine is added to sodas, energy drinks, medications, and supplements in the form of crystals that are white and odorless.
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fill in the blank. The two broad categories into which capital budgeting decisions fall are ___ decisions and ___ decisions.
The two broad categories into which capital budgeting decisions fall are investment decisions and financing decisions.
The two broad categories into which capital budgeting decisions fall are investment decisions and financing decisions.
Investment decisions: These decisions involve selecting and evaluating potential investment projects or assets that will generate future cash flows for the company. Investment decisions focus on determining which projects or assets are worth investing in and align with the company's strategic goals. This includes assessing the profitability, risks, and potential returns of each investment opportunity.
Financing decisions: These decisions involve determining the appropriate mix of financing sources to fund the selected investment projects. Financing decisions consider how the investment projects will be funded, whether through debt, equity, or a combination of both. The goal is to determine the optimal capital structure that balances the costs and risks associated with different sources of financing.
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A federal tax paid for old-age, survivors, and disability insurance is called:
A insurance tax
B income tax
C Social Security tax
D Medicare tax
Answer: medicare tax
Explanation:
for 5 years, a growing corporation places a continuous stream of $50,000 per year into an account which has a continuously compounding interest rate of 1.7%. what will be the value of this continuous stream at the end of 5 years? round your answer to the nearest integer. do not include a dollar sign or commas in your answer.'
The value of this continuous stream at the end of 5 years is 54400 when the growing corporation places a continuous stream of $50,000 per year and the continuously compounding interest rate is 1.7%.
To find the continuous stream of payments for 5 years we can use the continuous compounding formula given as,
\(FV = P × e^(r×t)\)
Where:
FV = future value
P = payment per year
r = interest rate per year
t = time in years
Given data :
P = $50,00
r = 1.7% = 0.017
t = 5
subtitling the given values in the formula, we get:
FV = P × e^(r×t)
= 50000 * e^(0.017×5)
= 50000 × 1.088
= 54400
Therefore, the value of this continuous stream at the end of 5 years is = 54400
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pls helppp
What is another name for an emergency fund?
A. 401(k)
B. Long tern debt
C. take home pay
D. a rainy day fund
Answer:
D. a rainy day fund
Explanation:
A person performs a cost-benefit analysis in order to:
A. calculate the expenses of multiple businesses competing in the
same market.
B. evaluate the possible positive and negative effects of different
economic decisions.
C. analyze economic data to reach general conclusions about a
country's economy.
D. determine the tax rates a business will pay depending on its
profits in a year.
o
Answer:
B. evaluate the possible positive and negative effects of different economic decisions.
Explanation:
Cost-benefit analysis (CBA) is used to examine and compare the cost associated with a project or task and the benefits derived from it.
Simply stated, cost-benefit analysis is a form of utilitarianism commonly used by individuals, business firms and government in the decision-making process, as all the cost incurred are determined and analyzed.
This ultimately implies that, it may be used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Cost-benefit analysis (CBA) sums the total cost associated with a project (activity) and compares this cost against the total benefits that would be generated. Thus, it helps in the decision-making process by comparing the net present value (NPV) of the cost of a particular project with the net present value (NPV) of its benefits.
Hence, a person performs a cost-benefit analysis in order to help him or her evaluate the possible positive and negative effects of different economic decisions with respect to an investment, project, activity, or programme.
The direct write-off method of accounting for uncollectible accounts Group of answer choices emphasizes the matching of expenses with revenues is often used by small companies and companies with few receivables emphasizes balance sheet relationships emphasizes cash realizable value
Answer:
is often used by small companies and companies with few receivables
Explanation:
Accounts receivable are payments a company is supposed to recieve from its debtors at some point in the future. However when the debts cannot be collected the direct method is used to write off the debt.
This method is generally used by small businesses and those with few account receivables.
The journal entry passed will debit Bad Debts Accounts and credit Accounts Receivable.
Direct write off is not generally used because it overstates profit from sales by overstating accounts receivable.
The allowance method gives a clearer picture of profit and debt profile of the business
Union activity in a previously non-union environment is often the result of Question 50 options: benefits wages too many rules management failure
The required answer to this question is Union activity in a previously non-union environment can result from a variety of factors, and the options you provided can all play a role to some extent.
Here's a breakdown of each option and its potential impact:
1) Benefits:
If employees feel that their benefits are inadequate or not competitive compared to industry standards, they may seek unionization as a means to negotiate better benefits packages.
2) Wages:
Similar to benefits, dissatisfaction with wages or a perception of unfairness in pay structures can motivate employees to consider unionization. Unions often advocate for higher wages and better compensation packages.
3) Too many rules:
Excessive or overly strict workplace rules can create a sense of frustration among employees, leading them to seek union representation. Unions can provide a collective voice to negotiate for more reasonable and equitable workplace policies.
4) Management failure:
Poor management practices, such as unfair treatment, lack of communication, or failure to address employee concerns, can contribute to an environment where employees seek union representation. Unions may be seen as a means to hold management accountable and improve working conditions.
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Pro Build Inc. has had a net income of $16 million in its most recent year. Net income is expected to grow by 3% per year. The firm always pays out 30% of net income as dividends and has 3 million shares of common stock outstanding. The required return is 9%. Part 1 * Attempt 1/1 What is the intrinsic value of the stock?
The intrinsic value of the stock is $2,667.00 per share.
The intrinsic value of the stock can be calculated by using the Dividend Discount Model (DDM).
Dividend Discount Model (DDM) states that the intrinsic value of a stock is the present value of all future dividends that it is expected to pay. The formula of the Dividend Discount Model (DDM) is as follows;
P0 = D1 / (r – g)
Where,
P0 = Intrinsic Value of Stock
D1 = Expected Dividend per Share next year.
r = Required rate of return.
g = Growth rate in dividends.
In this case, the given values are, D1 = Net income x Payout ratio / Shares outstanding
Where,
Payout ratio = 30% and
Shares outstanding = 3 million
Hence, D1 = 16,000,000 x 30% / 3,000,000D1 = $160.00 per share
Now, we can calculate the intrinsic value of the stock by using the Dividend Discount Model (DDM).
P0 = D1 / (r – g)
P0 = $160 / (9% - 3%)
P0 = $2,667.00 per share
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buying a new building increases business
Land/capital
Answer:
land
Explanation:
why because buying a capital we'll be to much
Expenses that need to be paid before a new business can open are called _____.
operating expenses
ending inventory
start-up costs
beginning inventory
Answer:
start-up costs
Explanation:
Hopefully that helps.
Answer:
Start Up Costs
Explanation:
Im taking a business major this is the right answer
Talk to a 40-year-old business professional with a family that includes a spouse and children. This person can be a family member, friend, or mentor. List and describe the savings, investments and risk management strategies for this phase of life. Describe how financial planning has changed from the earlier phase of life.
If you do not answer and put a blank answer I will report
The financial planning will differ for the person according to their age. A person who is 40 years older would have money only from his savings. The 40-year-old person is retired and would only have money available for living from the saving he had made while he was working.
The risk management officer should consider the investments by considering his available savings. He should also consider the money required for living as there is no other source of income. The risk appetite for such an old-aged individual will be low. He must be risk averse in the situation of retirement. The financial planning strategies change for the person over the different phases of life. When a person is young and starts the job at age of 25 he might take excessive risks for getting extra returns. He is young and energetic and has the ability to work part-time along with his routine job to earn extra money.
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Monetary policy is neutral in both the short-run and the long-run. b. Though monetary policy is neutral in the long-run, it may have effects on real variables in the short-run. c. Monetary policy has profound effects on real variables in both the short-run and the long-run. d. Monetary policy has profound effects on real variables in the long-run, but is neutral in the short-run.
Answer:
b
Explanation:
Monetary policy are policies taken by the central bank of a country to shift aggregate demand.
Tools of monetary policy
1. Open market operations : government can either sell bonds to the public, this is known as open market sales. this is an example of an contractionary policy or it can buy bonds from the public. this is known as open market purchase. it is an expansionary policy
2. Reserve Requirement : Reserves are the proportion of deposits required by the central bank that banks keep
If reserve requirement is increased, it is an example of a contractionary policy. If on the other hand, it is reduced, it is an example of an expansionary policy.
3. Discount rate : this is the rate at which the central bank lends to commercial banks. An increase in discount rate is a contractionary policy while an decrease in discount rate is an expansionary policy
There are two types of monetary policy :
Expansionary monetary policy : these are polices taken in order to increase money supply. When money supply increases, aggregate demand increases. reducing interest rate and open market purchase are ways of carrying out expansionary monetary policy
Contractionary monetary policy : these are policies taken to reduce money supply. When money supply decreases, aggregate demand falls. Increasing interest rate and open market sales are ways of carrying out contractionary monetary policy
Goals of monetary policy include
• financial market stability
• economic growth
• high employment
Money neutrality is an economic theory that changes in money supply do not affect real variables but only affect nominal variables. As a result, monetary policy is neutral in the long-run and affects real variables in the short-run.
Refer back to the original information. Blake has decided to add stadium blankets to his product line. He has found a supplier who will provide the blankets for $32, and he plans to sell them for $60. All other variable costs currently incurred for selling mascots will be incurred for selling blankets at the same rate. Additional fixed costs of $125 per month will be incurred. He believes he can sell one blanket for every four stuffed mascots. How many blankets and stuffed mascots will Blake need to sell each month in order to break even? Round all amounts to two decimal places.
Answer:
Blake must sell 80 blankets and 320 stuffed mascots in order to break even.
Explanation:
The question is incomplete, the accounts are missing, so I looked for them:
February March
Sales revenue $25,000 $37,500
Cost of goods sold 10,000 15,000
Gross profit 15,000 22,500
Rent expense 1,500 1,500
Wages expense 3,500 5,000
Shipping expense 1,100 1,650
Utilities expense 750 750
Advertising expense 1,000 1,400
Insurance expense 585 585
Operating income $6,565 $11,615
The income statement using the contribution margin format would be as follows:
Income Statement Year 1 Year 2
Sales revenue $25,000 $37,500
Variable costs:
Cost of goods sold $10,000 $15,000 Wages expense* $3,000 $4,500 Shipping expense $1,100 $1,650 Advertising expense* $800 $1,200Contribution margin $10,100 $15,150
Period costs:
Wages expense* $500 $500 Advertising expense* $200 $200 Rent expense $1,500 $1,500 Insurance expense $585 $585 Utilities expense $750 $750Net income $6,565 $11,615
*high low cost method for wages expense and advertisement expense:
variable wages expense = ($5,000 - $3,500) / (3,000 - 2,000) = $1.50 per unit
fixed wages expense = $5,000 - (3,000 x $1.50) = $500
variable advertising expense = ($1,400 - $1,000) / (3,000 - 2,000) = $0.40 per unit
fixed advertising expense = $1,400 - (3,000 x $0.40) = $200
contribution margin per stuffed mascot = $15,150 / 3,000 = $5.05 per unit
contribution margin per blanket = $60 - ($32 + $1.50 + $0.55 + $0.40) = $25.55
sales ratio 1 blanket : 4 mascots
weighted contribution margin = ($25.55 x 20%) + ($5.05 x 80%) = $5.11 + $4.04 = $9.15
total fixed costs = $3,535 + $125 = $3,660
break even number in units = $3,660 / $9.15 = 400 units
Blake must sell 80 blankets and 320 stuffed mascots in order to break even.