Answer:
the monthly payment is $994.38
Explanation:
For computing the deposit amount made in equal payment for the next five years we need to apply the PMT formula i.e. to be shown in the attachment below:
Given that,
Present value = $0
Future value or Face value = $75,000
RATE = 9% ÷ 12 = 0.75%
NPER = 5 years × 12 = 60 years
The formula is shown below:
= PMT(RATE;NPER;PV;-FV;type)
The future value come in negative
So, after applying the above formula, the monthly payment is $994.38
The answer to this question is "PUBLICITY". Hence when King's crown, a beverage company launches a new energy drink, it sponsors a marathon in the city as part of its promotional strategy. Moreover, it issues a press release about the sponsorship and persuades the media reporters of different newspapers to print it. This King's crown is generating a PUBLICITY to get people's attention and to make their new energy drink known.
Answer:
Break-even sales in dollar value = $10,667
Explanation:
Since the company's operating income is $0, the company makes no profit and no loss. Therefore, the company's total sales is equal to total expenses. It means the company is in break-even point. However, as the variable expense is not given, we have to use contribution margin ratio to calculate the break-even sales.
We know,
Break-even sales in dollar value = Fixed expenses ÷ Contribution margin ratio
Given,
Contribution margin ratio = 45%
Fixed expenses = $4,800
Putting the values into the above formula, we can get,
Break-even sales in dollar value = $4,800 ÷ 45%
Break-even sales in dollar value = $10,667
Answer:
5 bushels of corn
Explanation:
The term opportunity cost refers to the loss from some potential gain when one alternative is chosen while leaving the other opportunities.
In United States, a worker in a day can produce 10 bushels of corn or can produce 2 shirts.
Thus the ratio is
10 bushels of corn : 2 shirts
or 5 bushels of corn : 1 shirts
Therefore the opportunity cost of a shirt in the United States is 5 bushels of corn.
Thus the answer is 5 bushels of corn.