Answer:
Break-even point (dollars)= $275,000
Explanation:
Giving the following information:
sales $200,000
variable costs $120,000
fixed costs $60,000
desired profit= $50,000
<u>To calculate the sales required to achieve the desired profit, we need to use the break-even point in dollars formula:</u>
Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio
Break-even point (dollars)= (60,000 + 50,000) / [(200,000 - 120,000)/200,000]
Break-even point (dollars)= 110,000 / 0.4
Break-even point (dollars)= $275,000
Answer:
a weekly compounded rate of 0.355%
Explanation:
the question is incomplete:
a daily compounded rate of 0.040%, a weekly compounded rate of 0.355%, a monthly compounded rate of 1.15%, a quarterly compounded rater of 4.00%, a semiannually compounded rate of 7.5% or an annually compounded rate of 14%
compounded daily:
- effective interest rate = (1 + 0.0004)³⁶⁵ - 1 = 0.157162407
compounded weekly:
- effective interest rate = (1 + 0.00355)⁵² - 1 = 0.202344148
compounded monthly:
- effective interest rate = (1 + 0.0115)¹² - 1 = 0.147071911
compounded quarterly:
- effective interest rate = (1 + 0.04)⁴ - 1 = 0.16985856
compounded semiannually:
- effective interest rate = (1 + 0.075)² - 1 = 0.155625
compounded annually
- effective interest rate = 14%
Answer:
Some African countries have mortality rates over 10%. For example, according to the most recent CIA estimates, in countries like Somalia, Central African Republic, Niger and Chad, there are around 90 deaths per 1,000 live births, which is a lot.
This extremely high mortality rate affects economic growth in the long run. First of all, most economists agree that human capital is the most important form of capital, and the one that helps boost economic growth the most.
Every child who dies is potential human capital loss (and a moral tragedy as well).
If medical aid increased in those African countries, and less children died at a young age, those children would help develop the economies. However, education is also needed. If the children survive but are not well-educated, they will not be very productive in the modern economy, which is knowledge-oriented.
Friend or Foe game
See "Game Theory" for more info
The above answer can be explained as under -
Given,
Current Liabilities = $ 4,590
Net working capital = $ 2,170
So, the current assets will be calculated as under -
Net working capital = Current assets - Current liabilities
$ 2,170 = Current assets - $ 4,590
Current assets = $ 2,170 + $ 4,590
Current assets = $ 6,760
The liquid or quick assets will be calculated as -
Current assets - Inventory = Quick assets
Quick assets = $ 6,760 - $ 3,860
Quick assets = $ 2,900.
Now,
1. Current ratio = 
Current ratio = 
= 1.47
2. Quick ratio = 
Quick ratio = 
= 0.63
