Where should you go to find information about the projected number of jobs in a field you are interested in?
- the Better Business Bureau
- the Occupational Outlook Handbook
I’ll say go with the 4th choice...”All of the above”.
Answer:
26,000 units
Explanation:
The computation of the new break even point in units is shown below:
= (Fixed expenses ) ÷ (Contribution margin per unit)
where,
Fixed cost = $525,000 + $125,000 = $650,000
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $50 - $25
= $25
So, the break even point in units is
= $650,000 ÷ $25
= 26,000 units
Answer: 11.87%
Explanation:
Effective interest rate on this loan is:
= Interest payment / (Note - Interest payment) * 12/8 months
Interest payment:
= Note * Interest rate * 8/12 months
= 100,000 * 11% * 8/12
= $7,333
Effective interest:
= 7,333 / (100,000 - 7,333) * 12/8
= 11.87%
Answer:
Unitary contribution margin= $2.2
Explanation:
Giving the following information:
Tons of cement produced and sold 240,000
Sales revenue $1,008,000
Variable manufacturing expense $439,000
Variable selling and administrative expense $41,000
<u>First, we need to calculate the total contribution margin:</u>
Total contribution margin= 1,008,000 - 439,000 - 41,000
Total contribution margin= $528,000
<u>Now, the unitary contribution margin:</u>
unitary contribution margin= 528,000/240,000
unitary contribution margin= $2.2
Answer: Setting your own work schedule.
Explanation:
A major advantage of setting up a business is that the individual would no longer be under the control of any other person, therefore the individual can easily set a work schedule favorable to himself. The work schedule is the amount of time a worker is required to spend at his/her workplace. Nobody determines the work schedule for a business owner, apart from the business owner.
