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NEW QUESTION: 1
Clay Industries, a large industrial firm, is evaluating the sales of its existing line of coiled machine tubing. In their analysis, the operating managers of Clay Industries have identified the following information related to the coiled machine tubing division and its product: Annual fixed operating expenses of $925,000 Average variable cost of $90 Break-even quantity of 20,109 units Which of the following best describes the average variable cost for this product?
A. The average selling price of this product cannot be determined from the information provided.
B. $41.70
C. $44
D. None of these answers is correct.
E. $46
F. $38
Answer: C
Explanation:
Explanation/Reference:
Explanation:
To calculate the break-even quantity for a product, use the following equation: {Fixed operating costs/[avg.
sales price per unit - variable cost per unit]}. To determine the average selling price of this product, we must rearrange the standard equation using algebra, in a manner such that the resulting equation resembles the following: {[$925,000/20,109] + X = $90}. This equation is further rearranged into the following: {$46 + X = $90}. Finally, the ending equation becomes: {X = $90 - $46}. Solving for X yields an average variable cost per unit of $44.

NEW QUESTION: 2
What is the benefit of using the Business Model Canvas to understand and describe the customer's business?
A. It is a mandatory tool in every business school.
B. Each organization has multiple business models.
C. Understanding the customer business model is essential for determining the right business outcomes.
D. Business models are the same across industry verticals.
Answer: C

NEW QUESTION: 3
The Event List within the Events tab contains:
A. a list of options available for running a query.
B. events generated by a query.
C. the details of a selected event.
D. the top events, destinations, sources, and users of the query results, either as a chart or in a tallied list.
Answer: B
Explanation:
Explanation
These are the components of the Events tab:

References: