Answer:
$10.00
Explanation:
Calculation to determine The selling price that would maintain the same contribution margin ratio as last year is
Based on the information given since variable cost increased by one-third (1/3) which means that the selling price amount has to as well increase by the same one-third (1/3) in order to maintain the same contribution margin ratio as last year.
Hence:
Selling price =$7.50+(1/3*$7.50)
Selling price=$7.50+$2.50
Selling price=$10.00
Therefore The selling price that would maintain the same contribution margin ratio as last year is $10.00
Answer: Temperature is a quantitative data.
Explanation:
A quantitative data deals with number and object that can b e measured objectively. Temperature is a quantitative data because it can be measured in numbers. Numerical values that are countable are assigned to it. Temperature is a quantitative data because numerical values, found by either measuring or counting are used to describe the data. Monthly temperatures are assign ed numerical and countable values which can be measured objectively.
Answer:
$1,839.45
Explanation:
PV = P * [1-(1+r)^-n / r]
n = 30*12=360 months, r = 6.37%/12 = 0.5308% (monthly)
295,000 = P*[1 - (1+0.005308)^-360 / 0.005308}
295,000 = P * $160.3739
P = $295,000 / $160.3739
P = $1,839.45
So, the monthly mortgage payments is $1,839.45.
Deficit is the budget between the government spending and the income of the government in 1 year. National Debt is the collected budget deficit for every single year ever since the country existed. So that shows that the budget deficit of the budget planner of any country is related to the national debt of the U.S.
Adam Smith was the first who alluded to the concept of comparative advantage. This concept has later been elaborated by David Ricardo.
