Answer:
d)= 6,500
Explanation:
The break-even point (BEP) is the units of the product that Ferkil Corporation must sell for it to make no profit or loss.
This units can be determined as follows:
BEP = Total fixed cost + target profit/ selling price - variable cost
So we substitute the variables given into the formula
5000 = 225,000 /(100-X)
5000×(100-X) =225,000
500,000 -5000x = 225,000
(500,000 -225,000)/5000 = x
X= 55
variable cost per unit = $55
Units to sell to achieve a profit 67,500
= (225,000 + 67,500)/(100-55)
= 6,500
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As the price of ice cream increases, so the demand by consumers may decrease, decreasing the quantity of ice cream cones demanded (provided that all consumers eat ice cream with a cone!)
Answer:
$7,899,827
Explanation:
The computation of the maximum increase in money supply is shown below:
Data given in the question
Additional value in excess reserves = $868,981
Reserve ratio = 11%
By considering the above information, the maximum increase in money supply is
= Additional value in excess reserves × 100 ÷ reserve ratio
= $868,981 × 100 ÷ 11
= $868,981 × 9.09
= $7,899,827
