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Lelu [443]
3 years ago
5

When the cost of the cpi market basket increases from one year to the next we know that?

Business
1 answer:
cricket20 [7]3 years ago
4 0
<span>The prices of the goods and services contained in the CPI market basket have increased on the average</span>
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Answer would be %60.
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Russell Preston delivers parts for several local auto parts stores. He charges clients $0.75 per mile driven. Russell has determ
arlik [135]

Answer:

1. 1,500 miles

2. Profit

3.4,000 miles

Explanation:

1. Calculation to Determine how many miles Russell needs to drive to break even k-Even Miles

First step is to calculate the Unit contribution margin

Using this formula

Let plug in the formula

Unit contribution margin = Sales price – Variable cost per unit

Unit contribution margin= $0.75 per mile – $0.35 per mile

Unit contribution margin= $0.40 per mile

Now let determine the Break-even units using this formula

Break-even units = Total fixed cost / Unit contribution margin

Let plug in the formula

Break-even units= $600 / $0.40

Break-even units= 1,500 miles

Therefore how many miles Russell needs to drive to break even k-Even Miles will be 1,500 miles

2. Calculation to determine whether he earned a profit or a loss last month Assume Russell drove 1,800 miles last month

Profit=1,800 miles – 1,500 miles

Profit=300 miles

Therefore Assume Russell drove 1,800 miles last month he will EARNED A PROFIT last month

3. Calculation to determine how many miles Russell must drive to earn $1,000 in profit.

Using this formula

Target units = (Fixed cost + Target Profit) / Unit contribution margin

Let plug in the formula

Target units = ($600 + $1,000) / $0.40

Target units = 4,000 miles

Therefore how many miles Russell must drive to earn $1,000 in profit will be 4,000 miles

7 0
3 years ago
Joey realizes that he has charged too much on his credit card and has racked up $5,000 in debt. If he can pay $150 each month an
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Answer:

47 months

Explanation:

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3 years ago
How do you put an inequality into interval and set notation?
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People in emerging countries today are becoming increasingly health conscious and are seeking healthy food choices. as a result,
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People in emerging countries today are becoming increasingly health conscious and are seeking healthy food choices. as a result, demand for healthy foods is rising steadily, creating an opportunity for marketers to exploit this need market. Needs range from basic survival desires satisfied by using necessities, to cultural, highbrow, and social desires satisfied with the aid of necessaries.

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