Answer: 1250
Explanation:
Let's go in stages,
Gizmos are sold for $80 and have a variable cost of $36. Subtracting that would give us $44. This is the Contribution margin of Gizmos.
Gadgets are sold for $50 and have a variable cost of $22. Subtracting that would give us $28. This is the Contribution margin of Gadgets.
The text says that 3/4 of goods sold are Gizmos with the rest being gadgets.
Let's account for that using their contribution margins.
This means that Gizmos contribute 3/4 from their CM which we'll calculate as,
= 3/4 * 44
= 33
Gadgets would be
= 1/4 * 28
= 7
The Weighted Average contribution margin for both goods in their selling proportion is therefore,
= 33 + 7
= $40
If they make $40 as the weighted average CM then to find the amount of units needed to break even with a fixed cost of $50,000 can be calculated by dividing the fixed costs by the Weighted Average CM which would be,
= 50,000/40
= 1250
They would need to sell 1250 total units in order to break even with a product mix of 3/4 Gizmos and 1/4 Gadgets.
Please do react or comment if you need any clarification. Thank you.
Answer:
democratic
Explanation:
Democratic leadership is also called participative leadership or shared leadership. It is a type of leadership system that allows it's members to take part in the process of making decision. This style of leadership can be adopted in any organization and at all levels.
Democratic leadership
a. Allows open communication.
b. Gives room for collaborative efforts.
c. Allows shared responsibility.
d. Encourages creativity.
Answer:
The correct answer is: <u>Mixed economy</u>.
Explanation:
To begin with, the term of mixed economy is used to describe an economic system whose characteristics are elements from both market economies and planned economies. Moreover, this system includes a combination of the elements of the other two, such as free market with state interventionism or private enterprise with public enterprise as well too. In addition, this type of economy focuses in the predominance of private ownership of the means of production with profit-seeking enterprise and the accumulation of capital as its fundamental driving force.
Explanation:
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