Answer: b. have 100 questions and 3,000 answers.
Explanation:
There are many jokes about Economists and their inability to agree on a definite approach. It's almost as if no matter the position one takes, there will always be an economist to support them.
This is why President Ronald Reagan famously said that, "there should be a Trivial Pursuit game for economists with 100 questions and 3000 answers".
A CD is a time deposit that the depositor agrees to keep in a bank for a specified time. The answer is C. :)
Answer:
She must sell 7,500 copies to mantain the profits when price changes to $15.
Explanation:
- Let's start with a definition of profit or benefit: Benefit=
- At the beggining, she obtained a profit of $75,000: She sold 5,000 copies, and she got $20-$5=$15 dollars for each of the 5,000. units sold, which means a benefit of
dollars. - Then, if she wants to keep the $75,000 profits when prices falls to $15, she must sell more copies:
. Then, the quantity she must sell to mantain the profit constant at $75,000 is New quantity=7,500.
Answer:
Net operating income= 4,134
Explanation:
Giving the following information:
Hailey, Inc., has sales of $19,570, costs of $9,460, depreciation expense of $2,130, and interest expense of $1,620. Assume the tax rate is 35 percent.
Sales= 19,570
COGS= 9,460
Gross profit= 10,110
Depreciation expense= 2,130
Interest expense= 1,620
EBT= 6,360
Tax= 2,226
Net operating income= 4,134
Answer:
$42
Explanation:
Data provided as per the requirement of contribution margin per hour of machine time is here below:-
Unit Contribution Margin = $21
Machine Time required by fancy lamp = 0.50 hours
The computation of contribution margin per hour of machine time is shown below:-
Contribution Margin Per Hour of machine time = Unit Contribution Margin ÷ Machine Time required by fancy lamp
= $21 ÷ 0.50 hours
= $42
Therefore for computing the contribution margin per hour of machine time we simply divide the unit contribution margin by machine time required by fancy lamb.
