Answer:
3.60
Explanation:
Given that,
Sales units = 1,000
Sales price per unit = $60
Variable expenses = 40% of the selling price
Total Fixed cost = $26,000
Contribution margin per unit:
= Selling price - Variable cost
= $60 - ($60 × 40%)
= $60 - $24
= $36
Total contribution:
= Contribution margin per unit × Sales units
= $36 × 1,000
= $36,000
Profit = Total contribution - Fixed cost
= $36,000 - $26,000
= $10,000
Degree of operating leverage:
= (Sales - Variable costs) ÷ (Sales - Variable costs - Fixed Expenses)
= (60,000 - 24,000) ÷ (60,000 - 24,000 - 26,000)
= 36,000 ÷ 10,000
= 3.60
Answer:
a. There are significant differences in incomes between high- and low-income countries.
Explanation:
Data provided in the question
Per person GDP in Singapore = $53,591
Per person GDP in Egypt = $5,547
Based on the above information
As we can see that the level of income in Singapore is higher than Egypt also when there is an important difference in the high income and low income countries the same is shown accurately
hence, the correct option is a.
If a fiscal policy change is going to exert a stabilizing impact on the economy, policy must add stimulus to demand during a slowdown but it should restraint the demand during an economic boom.
Fiscal policy is the policy in which the government spending and taxation is used to influence the economy.
Governments generally use fiscal policy to promote strong as well as sustainable growth in the economy and reduce the poverty too.
The role and objectives of fiscal policy which gained importance during the recent global economic crisis is when the different governments stepped in to support financial systems.
Governments starts the growth, and also mitigate the impact of the crisis on vulnerable groups through the use of fiscal policy.
To know more about fiscal policy here:
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1 it could lead you to legal trouble
2 it could lead to bad credit
3 it could effect you being able to get a credit card to help get your credit back up
Answer: The court would likely approve Elliot's request in the following situation: <u><em>The corporation was under-capitalized from the beginning, and never had sufficient assets to operate as a viable business.</em></u>
Under the given scenario i.e. for a breach of contract , the condition will apply if the corporation i.e. Acme Inc. was under-capitalized from the start, and they never had predominating assets to work as a viable organization.
<u><em>Therefore the correct option is (a)</em></u>
