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 Topic: BEC exam question ( Topic Closed)
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emuleiii
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Joined: 01 Apr 2008
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Posts: 35
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| Posted: 23 May 2012 at 06:54 | IP Logged
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I saw the following exam questions and I have no clue how
to get to the answer.
following information is available on market interest
rates:
The risk-free rate of interest 2%
Inflation premium 1%
Default risk premium 3%
Liquidity premium 2%
Maturity risk premium 1%
What is the market rate of interest on a one-year U.S.
Treasury bill?
a. 3%
b. 5%
c. 6%
d. 7%
Brewster Co. has the following financial information:
Fixed costs $20,000
Variable costs 60%
Sales price $50
What amount of sales is required for Brewster to achieve
a 15% return on sales?
a. $33,333
b. $50,000
c. $80,000
d. $133,333
Any advise would be appreciated . thanks!
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emuleiii
Newbie
Joined: 01 Apr 2008
Online Status: Offline
Posts: 35
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| Posted: 23 May 2012 at 08:49 | IP Logged
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A ceramics manufacturer sold cups last year for $7.50
each. Variable costs of manufacturing were $2.25
per unit. The company needed to sell 20,000 cups to break
even. Net income was $5,040. This year,
the company expects the following changes: sales price
per cup to be $9.00; variable manufacturing
costs to increase 33.3%; fixed costs to increase 10%; and
the income tax rate to remain at 40%. Sales in
the coming year are expected to exceed last year's sales
by 1,000 units. How many units does the
company expect to sell this year?
a. 21,000
b. 21,600
c. 21,960
d. 22,600
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