Answer: b.point that total sales equals total costs
Explanation:
The Cost-Volume-Profit chart shows the relationship between total costs, volume of goods produced, sales and profit. This chart is very useful as it can show the effect that a change in one variable can have on the others.
The point where the sales line and the total costs line intersect is the point <em>where total sales equal total costs</em>. This point is the break-even point and after this point the company begins to make profits but before this point, the company is making losses.
The answer is <span>Customer value-based pricing
</span><span>Customer value-based pricing is a form of pricing that based on consumer's perceived value of a certain product/services rather than historical cost.
</span>the productss that used this type of pricing usually a tertiary products such as jewelry or rare collectibles.
Inferior Good
As consumers income rises their quantity demanded of the good decreases. There is a negative relationship. The juxtaposition is a normal good which when income increases the quantity demanded of that good also increases indicating a positive relationship.
Answer: $22637.98
Explanation:
Based on the information given in the question, the equivalent annual cost of the tool will be calculated as:
We first calculate the present value which will be:
= 10000 + 20000/(1+.10) + 20000/(1+.10)^2 + 20000/(1+.10)^3 + 20000/(1+.10)^4 + 20000/(1+.10)^5
= $85815.74
The the equivalent annual cost will be:
= Present Value/PVIFA(10%,5)
= 85815.74/3.7908
= $22637.98