Answer:
0.7835 or 78.35%
Explanation:
Budgeted Sales = $90 per unit x 4620 units = $415,800
Break-Even Sales (Revenue) = 1000 units x $90 per unit = $90,000 units
Margin of safety = (Budgeted Sales - Break-Even Sales) ÷ Budgeted Sales
Margin of Safety = ($415,800 - $90,000) ÷ $415,800 = 0.7835 or 78.35%
Answer:
The correct answer is 20 Utils
Explanation:
Marginal utility is the change in the utility from an increase in the consumption of a good or service.
Example of Maria
Maria gets 80 utils from consuming 5 cookies
If Maria consumes 6 cookies, The Utils change from 80 to 100. <u>This difference of 20 is called marginal utility.</u> (100-80=20)
Answer:
A)A sports team t-shirt:(Rivalrous and Excludable)
B)The air we breath (Nonrivalrous and nonexcludable)
C)Atlantic Bluefin Tuna in the Mediterranean Sea:(Rivalrous and nonexcludable)
D)A toll road in normal traffic:(Nonrivalrous and excludable)
Explanation:
Excludable goods can be regarded as goods whereby there is possibility of preventing consumers that has not paid for that good from accessing it.
Rivalrous goods are types of goods that can only be occupied by a person
there is competition created for their consumption.
Non-excludable goods can be regarded as public goods they are one
which are commonly available within a society for all people. These goods cannot be excluded from certain person.
Non-rivalrous goods can be regarded as public goods whereby the supply of that goods is not affected by consumption of people.
Answer:
c.
Explanation:
Based on the information provided within the question it can be said that the court will enforce the contract between James and the art gallery. This is because a purchase is final and the store was not responsible for giving James false hope/information. Therefore unless the store has a specific return policy then the court will enforce the contract (purchase).
Answer:
The firm’s economic value added (EVA), that is, how much value did management add to stockholders’ wealth during 2018 is $0.42 million
Explanation:
Net operating profit = (22 million - 19 million)*(1 - 0.36)
= $1.92 million
EVA = net operating profit after taxes - invested capital*WACC
= 1.92 million - 15 million*0.10
= $0.42 million
Therefore, The firm’s economic value added (EVA), that is, how much value did management add to stockholders’ wealth during 2018 is $0.42 million
