<span>In the past ten years, the largest amount of growth has been seen in the expenditure on services. For example, in the period 2014-5, that expenditure grew by 3.4%. Comparatively, the other components of household expenditure showed relatively modest differential gains during the last 10-year period.</span>
At the break-even point, the total sales and the total cost is said to be equal. Therefore, there is no profit or loss. We set up the equation as follows:
Profit/Loss = (Unit Contribution Margin) (Units) - (Fixed Costs) = 0
Unit contribution margin is (0.20)(1.50) = 0.30
Substituting the known values gives;
0 = (0.30)(400,000) - FC
FC = (0.30)(400,000)
FC = $120,000
<span>Therefore, the total fixed costs would </span>$120,000.<span>
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Answer:
Correct answer is C i.e 25%
Explanation:
Arrival rate = λ = 60 / hour
Service Rate = μ = (60 * 60) / 45 = 80 / hour
Probability of no customers in the system = Po = 1 - λ/μ = 1 - 60/80 = 0.25 or 25%
Answer:
Accumulated depreciation =$40,950
Explanation:
45,000 x .91 = $40,950
Answer:
Quick Ratio - 2017 = 0.8619 rounded off to 0.86
Explanation:
The quick ratio which is also known as the acid test ratio is a measure to assess the liquidity position of a company. The liquidity condition means the ability of a company to pay off its short term obligations using its short term or current assets. The quick ratio measures the ability of a company to pay off these obligations using the company's most liquid assets and that is why we exclude the value of inventory when calculating the quick ratio.
The formula for quick ratio is,
Quick Ratio = (Current assets - Inventory) / Current Liabilities
Quick Ratio - 2017 = (3035 - 1755) / 1485
Quick Ratio - 2017 = 0.8619 rounded off to 0.86
