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3 years ago

In which situation would you opt for a car lease?

Business

2 answers:

MissTica3 years ago

6 0

The answer is C, you like to change cars frequently without hassle of selling and trading them

shtirl [24]3 years ago

4 0

The correct answer for the given question above would be option C. The situation in which you would opt for a car lease is when you like to change cars frequently without the hassles of selling and trading them. Car lease is like "renting" a car.

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When curt’s catering first opened, the owner decided to target only events at resorts in its geographic region. curt’s catering

DochEvi [55]

When curt’s catering first opened, the owner decided to target only events at resorts in its geographic region. curt’s catering was using a(n) <u>concentrated </u>targeting strategy.

Concentrated marketing is a marketing strategy in which a company focuses on a specific audience for most or all of its marketing initiatives. Companies that use focused marketing emphasize how their products meet the unique needs of a niche audience.

A marketing segmentation strategy in which we focus all our efforts and resources on services to market segments. Also known as niche marketing.

There are typically four different types of market targeting strategies.

Mass Marketing (Undifferentiated Marketing)

Segmented Marketing (Differentiated Marketing)

Centralized Marketing (Nitch Marketing)

Micro Marketing.

Learn more about concentrated targeting strategy here: brainly.com/question/17198359

#SPJ4

8 0

2 years ago

EA6.

fredd [130]

Answer:

1. Break-even in units is 150 units

2. Break-even in dollars is $60,000

3. Contribution Income Statement for 130 units

Marlin Motors

Income Statement

For the month ended November 30

Sales revenue (130 x 400) $52,000

Variable cost (130 x 160) (20,800)

Contribution margin $31,200

Fixed cost (36,000)

Loss $4,800

4. Units to sell is 350

5. Dollars sale is $140,000

6. Contribution Income Statement for $200,000 sales revenue

Marlin Motors

Income Statement

For the month ended February

Sales revenue (500 x 400) $200,000

Variable cost (500 x 160) (80,000)

Contribution margin $120,000

Fixed cost (36,000)

Profit $84,000

Explanation:

1. To compute the Break-even point in units,

Formula is BEP = total fixed cost / unit contribution margin

Step 1. Compute the unit contribution margin

Unit selling price $400

Less : variable cost 160

Unit contribution margin $240

Step 2. compute the unit break-even in units using the formula.

BEP = total fixed cost / unit contribution margin

BEP = $36,000 / 240

BEP = 150 units

2. To compute the Break-even point in dollars,

Formula is BES = total fixed cost / contribution margin ratio

Step 1. Compute the contribution margin ratio

Unit selling price $400

Less : variable cost 160

Unit contribution margin $240

So, $240 divided by $400 equals 60% (CMR)

Step 2. compute the unit break-even in dollars using the formula.

BEP = total fixed cost / contribution margin ratio

BEP = $36,000 / 60%

BEP = $60,000

3. To prepare the contribution margin income statement, we will multiply the units sold of 130 units by $400 unit selling price to get the sales revenue. Then multiply 130 units by $160 to get the variable cost. Further illustration below;

Sales revenue (130 x 400) $52,000

Variable cost (130 x 160) (20,800)

Contribution margin $31,200

Fixed cost (36,000)

Loss $4,800

4. To compute the units to sell to realize the target profit we will use the formula:

(Total fixed cost + Target profit )/ unit contribution margin

Step 1. Compute the unit contribution margin

Unit selling price $400

Less : variable cost 160

Unit contribution margin $240

Step 2. compute the units to sell using the formula.

(Total fixed cost + target profit) / unit contribution margin

($36,000 + $48,000) / 240

Answer is 350 units

5. To compute the sales in dollars to realize the target profit of $48,000,

Formula is (Total fixed cost + target profit) / contribution margin ratio

Step 1. Compute the contribution margin ratio

Unit selling price $400

Less : variable cost 160

Unit contribution margin $240

So, $240 divided by $400 equals 60% (CMR)

Step 2. compute the target sales in dollars using the formula.

(Total fixed cost + target profit) / contribution margin ratio

($36,000 + $48,000) / 60%

$84,000 / 60%

Answer is $140,000

6. Contribution Income Statement for $200,000 sales revenue. FIRST we must determine how many unit are sold to have that sales revenue. $200,000 sales revenue divided by unit selling price of $400 equals 500 units. To further illustrate, see presentation below.

$200,000 / $400 = 500 units

Marlin Motors

Income Statement

For the month ended February

Sales revenue (500 x 400) $200,000

Variable cost (500 x 160) (80,000)

Contribution margin $120,000

Fixed cost (36,000)

Profit $84,000

7 0

3 years ago

Suppose that Italy and Austria both produce fish and shoes. Italy’s opportunity cost of producing a pair of shoes is 5 pounds of

Alexus [3.1K]

Answer:

Section 1..... Italy has a comparative advantage in the production of shoes, and Austria has a comparative advantage in the production of fish.

Section 2.... 5 pounds of fish, ; 1/10 pairs of shoes

Section 3..... A and C.

Explanation:

The comparative advantage is known to be a term that is in use in the economic world,where a country or company has the ability of producing goods at extremely lower cost compared to that of its partners or competitors.

This is very important because, the country or company will be able to produce its goods by making use of fewer resources.

And thereby gives the country or company an edge in selling its goods at a reasonable lower price when compared with that of its competitors.

In this case, it is summarized or concluded that, Italy has a lower opportunity cost of producing shoes. So, Italy has a comparative advantage in shoes and Sweden has a comparative advantage in fish.

4 0

3 years ago

For February, the cost components of a picture frame include $0.45 for the glass, $0.68 for the wooden frame, and $0.95 for a

kati45 [8]

Answer: C(x) = 2.08 + 500x

Explanation:

Given the following :

Cost component of picture frame :

Glass = $0.45

Wooden frame = $0.68

Assembly = $0.95

Assembly desk and tools = $500

Using the linear cost function :

C(x) = mx + b

C(x) = total cost

b = fixed cost

mx = variable cost

b = cost of glass + wooden frame + assembly

b = $(0.45 + 0.68 + 0.95) =$2.08

mx = (cost of assembly desk and tools * number produced) = 500x

C(x) = 2.08 + 500x

4 0

3 years ago

In 2005 the price index was calculated at 115.3 with 2000 as the base year. In 2006 the price index increased to 119.5. What was

mario62 [17]

The answer is the inflation from 2005 to 2006 has changed by [3.6%]

5 0

3 years ago