JD’s Firewood is a small locally owned supplier of firewood to consumers that use wood boilers...

JD’s Firewood is a small locally owned supplier of firewood to consumers that use wood boilers to heat their homes. JD’s offers a variety of seasoned hardwood for sale by the cord with varying prices. In addition, he also sells coal by the ton to customers as a heat fuel. JD’s is interested in determining the breakeven point based on the following expenses: Rent, utilities, and insurance per month is $540.00. Salaries per week are $1,260.00. JD’s Firewood is open 5 days per week. Use two decimal points and round up or down accordingly.
1. What is the breakeven point in dollars using the information presented below?
2. What is the breakeven point per day of operation?
3. Based on the data presented, how much of each product should JD have in stock each week to breakeven?

Item	Price	Cost	Annual Forecasted Sales (Units)
Seasoned Oak (per cord)	$120.00	$16.00	340
Seasoned Maple (per cord)	$125.00	$18.00	180
Mixed Softwoods (per cord)	$80.00	$12.00	420
Coal (per ton)	$120.00	$80.00	504

Expert Solution

Please refer the images below one by one :

Image 1 = answer a (Answer = $126,040)

image 2 = answer b (Answer =$418)

image 3 = answer c

keosha answered 4 months ago

A configuration of firewood is arranged in the shape of a triangle. If each piece of wood is 1 foot in length, what is the volume of the pile of wood?

The demand function for a truckload of firewood in a small town with a college is...

The demand function for a truckload of firewood in a small town with a college is Q = 200 - 1.5p for non-students and Q = 200 - p for students, where p is the price of firewood, in $/truckload. For the town as a whole, including the students, the slope of the inverse demand curve to the right of the kink is ? A. -1 B. -2 C. -.5 D. -.4

2. The demand function for a truckload of firewood for college students in a small town...

2. The demand function for a truckload of firewood for college students in a small town is Qc = 400 - p. It is sometimes convenient to rewrite a demand function with price on the left side. We refer to such a relationship as the inverse demand function. Therefore, the inverse demand function for college students is p = 400 - Qc. The demand function for other town residents is Qr = 400 - 2p. • What is the inverse...

A city is deciding whether to pay a locally owned construction firm to build a new...

A city is deciding whether to pay a locally owned construction firm to build a new bridge. The city would finance the construction by borrowing. They would raise local property taxes to collect $20M more per year than they would without the new bridge. (M stands for million.) The extra $20M per year would repay the loan and pay for maintenance and all other costs of operating the bridge during its 50 year lifetime. The government expects that the demand...

A self-employed worker operates a firewood-splitting service. He purchased a commercial-grade wood splitter for $5800. He...

A self-employed worker operates a firewood-splitting service. He purchased a commercial-grade wood splitter for $5800. He used $400 of business capital and financed the balance at 5% per year for 3 years. The estimated values of the splitter for the next 6 years are $2200 after the first year of ownership, decreasing by $400 per year to year 5, after which the resale value remains at $600. Annual operating costs are expected to be $1000 the first year, increasing by...

Which type of firms are better for local communities? Branches of MNCs or locally owned firms?...

Which type of firms are better for local communities? Branches of MNCs or locally owned firms? Give your explanations. PLEASE HELP!

ognitive biases Gary’s Gumbo is a locally owned restaurant in Houston, Texas, with eight locations. The...

ognitive biases Gary’s Gumbo is a locally owned restaurant in Houston, Texas, with eight locations. The owner recently developed a new recipe for the restaurant’s signature gumbo dish. The owner decided to try out the dish in four of the company’s locations. After one month, the owner had gathered the following data: Locations with New Gumbo Recipe Locations with Old Gumbo Recipe Location # 1 2 3 4 5 6 7 8 Number of orders 1,253 1,386 1,495 1,377 1,112...

Soon to be famous, Texas Smokers, a locally owned business and manufacture of barbeque smokers wants...

Soon to be famous, Texas Smokers, a locally owned business and manufacture of barbeque smokers wants to calculate its breakeven point for its business. Its Classic smoker sells for $335 with a unit variable cost of $235. The fixed cost is $57,000. - What is the unit contribution margin ($)? -What is the breakeven volume? -What is the breakeven revenue? -If 700 units built, what is the profit? - If the price is raised by $50, what is the new...

Cool Beans is a locally owned coffeeshop that competes with two large coffee chains, PlanetEuro and...

Cool Beans is a locally owned coffeeshop that competes with two large coffee chains, PlanetEuro and Frothies. Alicia, the owner, is considering two different marketing promotions and thinks that CLV analysis will help her decide the best course of action. An average specialty coffee drink sells for $4.20 and has a margin of 76%. One promotion is providing loyalty cards to her regular customers that would give them one free specialty coffee drink after 10 regular purchases. Alicia estimates that...

Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority...

Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While Leslie’s prints everything from bowling team jerseys to fraternity/sorority apparel to special event shirts, summer league baseball and softball team jerseys are the company’s biggest source of revenue. A portion of Leslie’s operating information for the company’s last year follows: Month Number of Jerseys Printed Operating Cost January 150 $4,880 February...

Question