Answer:
The correct answer is: in all decision making.
Explanation:
Economic analysis is used in all walks of life, in decision making. It is not only relevant for policymaking or in business or for students. Rather, it is used in day to day life as well.  
Almost all the decision we make is based on cost-benefit analysis. It used by households and individuals for utility maximization. It is used by businesses for profit maximization and is used by policy makers for welfare maximization. 
 
        
             
        
        
        
Answer:
Accounts receivable turnover = 11.58
Explanation:
The total sales of the company = $980000
Net sales of the company = $955800
Average account receivable =  $82500
We have total sales, net sales, and average accounts receivable. Here, we are required to find the account turnover.
Use the below formula to find the account turnover:
Accounts receivable turnover = Net sales  / average accounts receivable
Now insert the values:
Accounts receivable turnover = 955800 / 82500 = 11.58
 
        
             
        
        
        
Answer:
I tried to order the information and prepared the following table:
                                                   Product A           Product B        Product C
Unit Selling Price =                        $650                $200              <u>e)$2,300</u>
Unit Variable Costs =                    $390               <u>c)$108</u>              <u>f)$1,495</u>
Unit Contribution Margin =          <u>a)$260</u>                  $92                $805
Contribution Margin Ratio =         <u>b)40%</u>               d)<u>46%</u>                 35%
contribution margin ratio = (revenue - cogs) / revenue     or      
contribution margin ratio = contribution margin / revenue
 
        
             
        
        
        
Answer:
Book value par common share will be $19.6
Explanation:
We have given number of preferred stock = 1000 
Value of preferred stock = $10 par preferred stock 
So preferred Stock = 1000 x $10 = $10000
Total Stockholder's equity = $500000
Thus Common stock value = $500000 - $10000 = $490000
Total number of common stock = 25000 shares
So the book value per common share is = 
 
        
             
        
        
        
Answer:
Limited liability company
Explanation:
A limited liability company is one that the owners are not personally liable for the business. Rather the company is a legal entity on its own and can be sued legally as a sepearte entity from its owners.
It combines features of a corporation and a partnership or sole proprietorship.
This will be the best type of business given that the business will not be expected to earn for the first two years. The sisters will not be personally liable for any debt incurred.
Also the business will continue even if only one of the sisters remains.
So an LLC is the best option for them.