Pierce company's destroy even factor is 23,000 units. So, the Break-Even factor (units) = Fixed Costs ÷ (Sales charge per unit – Variable charges per unit) or in sales greenbacks using the formula: Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin.
<h3>What is wreck even point?</h3>
The break-even factor is the point at which whole price and complete income are equal, meaning there is no loss or attain for your small business. In other words, you have reached the level of production at which the charges of production equals the revenues for a product.
<h3>How Do You Calculate a Breakeven Point?</h3>
Generally, to calculate the breakeven point in business, fixed charges are divided by using the gross profit margin. This produces a dollar figure that a employer wishes to destroy even. When it comes to stocks, if a trader sold a stock at $200, and 9 months later it reached $200 once more after falling from $250, it would have reached the breakeven point.
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When you are considering a financial institution you should consider what type of accounts you want to have, how much money you have and if you want to invest. Different financial institutions offer different rates and benefits for their members so it makes sense to figure out your options based on what you want in return.
These is a major advantage of a market economy is it can change direction rapidly when needed as markets change. Thus second option is correct.
<h3>What is Market Economy?</h3>
Market Economy refers to the economy in which the prices of the goods and services are determined by the two market forces that are supply and demand.
There is a less control of the government in the market economy and therefore all the decisions are taken by the private individuals. Thus option 1st is incorrect.
The Prices of the goods and services are determined by the supply and demand forces and the prices are kept as per the affordability of the customers. Thus option 3rd is also incorrect.
Therefore the correct option is 2nd one as the market changes the price of the good and services are also effected and get changed.
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<span>The answer is good faith. In
section 1-201 of the Uniform Commercial Code good faith is defined normally
as “honesty in fact in the conduct or transaction concerned.” Article 2 of the
U.C.C. says “good faith in the case of a merchant means honesty in fact and the
observance of reasonable commercial standards of fair dealing in the trade.”
Similarly, Article 3 on negotiable instruments describes good
faith as “honesty in fact and the observance of reasonable commercial
standards of fair dealing,” an explanation which also applies to the provisions
of Article 4 on bank deposits and collections and Article 4A on funds
transfers. The U.C.C. enforces an obligation of good faith on the performance
of every contract or duty under its purview. The law also generally necessitates
good faith of fiduciaries and agents acting on behalf of their principals.
There is also a necessity under the National Labor Relations Act that employers
and unions bargain in good faith. </span>