Answer:
a. Breakeven point in number of rented rooms:
= Fixed costs / Contribution margin
Fixed cost = Salaries per month + Utilities + Depreciation + Maintenance
= 7,000 + 1,000 + 1,100 + 1,508
= $10,608
Contribution margin:
= Rent price - Maid service - Other costs
= 65 - 13 - 26
= $26
Breakeven point in rented rooms:
= 10,608 / 26
= 408 rooms
b. Breakeven point in dollars:
= Fixed costs / Contribution margin ratio
= 10,608 / (26 / 65)
= 10,608 / 40%
= $26,520
An industry with a single supplier is known as a monopoly
Answer:
Particulars Amount
Purchase price of equipment $79,400
Less: Depreciation expenses <u>$39,700</u>
Value of equipment <u>$39,700</u>
Particulars Amount
Sales price of equipment $31,200
Value of equipment <u>$39,700</u>
Section 1231 Ordinary loss -<u>$8,500</u>
Answer:
Answer: To protect inner layers
Explanation:
Just took the test and it told me the correct answer
Answer: Option (B)
Explanation:
Fiat money is referred to as the currency which tends to have no intrinsic value and thus has been further entrenched as money. This process is often carried out by the federal government. This particular type of money does not tend to have the use of value, and only has the value since the authority i.e. the government tends to maintains its value.