Fixed costs = $84,000
Contribution margin ratio = 24%
To find the break-even point in sales dollars:
Break-even in sales = Fixed costs/contribution margin ratio
Break-even in sales = 84,000/0.24
Break-even in sales = $350,000
Answer:
D. All of the above
Explanation:
Saving means setting funds that you don’t want to spend now for future purposes. On the other hand, investing has to do with the purchase of assets such as stocks, real estates, bonds etc. Investment in most cases makes more money for an individual, in that it generates interest at the long run.
Therefore all the reasons listed i.e (1. need for funds to meet emergencies 2. retirement income 3. desire to leave an estate for children ) are all reasons for saving and investments
Answer:
<em>A) The probability of effect is low.</em>
Explanation:
<em>From all the statements, the true statement is</em> OPTION(A).
<em>As we see something which is been prohibited inside the work premises, then also it is been used in the work premises.</em><em> So, the probability of effect is low in this case because as manager are not able to make the rule effective. </em>
And hence, the rule is not been followed by the employees because managers are lax in making the rule and regulation effective.
Answer:
C. Shut down the presses printing my book
Explanation:
Since the average variable cost of producing the book is above the demand curve, the best course of action is to shut down the printing (production) of more books. The author would lose less money by shutting down operations rather than continuing production at a variable cost higher than the demand he's receiving for the books.
In economics, when profit is less than the average variable cost, firms are advised to stop production in the short run and incur economic loss on fixed inputs. This is because with continued operations, total revenue would not only be lower than total cost, but rather, would also be less than total variable cost.
Answer:
C) made up of two or more individuals who are associated with one another in ways not prescribed by the formal organization.
Explanation:
Informal work groups are formed voluntarily by workers in a business or organization where a connection exists between the members of the group.
Informal groups generally agree upon who will lead them and are able to succeed due to the bond that is created between the group members that helps them accomplish tasks.
