Jackson's nominal income per year in Beachland is mathematically given as
nR=52,500
What is ?
Generally, the equation for Real Income is mathematically given as
Therefore
R=250
In conclusion, The nominal income will be
Therefore
nR=250*210
nR=52,500
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Answer:
The inventory TO is 3.6875
Explanation:
where:
Considering there is not sufficient information to calculate the begining inventory <u>we are going to work only with the ending inventory </u>so:
The inventory TO is 3.6875 This means the company sales their inventory almost 4 times per year.
I'm just doing this for points sorry
Answer:
The answer is: 2) operate his business as long as he rents at least 1 boat per month.
Explanation:
Since Bill doesn't have any fixed costs, then he should continue to work as long as he can rent at least 1 boat per month. The break even point is calculated by dividing the total fixed costs over contribution margin per unit, but since the total fixed costs equal 0, then any boat rented will be over the break even point.