Answer:
A, $12,000
Explanation:
Profit is the financial gain as a result of the difference between the selling price of a product and the cost/production cost of the product.
To calculate the profit from the sale of the bicycles, we use the formula
Profit = (marginal cost x quantity of bicycles) - Expenses.
we have,
Profit = ($200 x 100) - $8,000
Profit = $20,000 - $8,000
Profit = $12,000.
Cheers.
Answer: $489,000
Explanation:
Amount of sales required = (Fixed cost + Desired operating income ) / Contribution margin ratio
Contribution margin ratio for Cover-to-Cover Company:
= Contribution margin / sales
= 77,800/ 389,000
= 20%
Desired operating income = Current income + income increase
= 58,350 + 20,000
= $78,350
Amount of sales required:
= (19,450 + 78,350) / 20%
= $489,000
The total cost of the ipad sold on ebay is $908.70
Answer:
no double coincidence of wants is required. People with different interest can work together. As Claire want's to work but do not want their entire salary in tomatoes.
Explanation:
Under a bartering system Wendy should look for a person willing to work for tomatoes or other of her belongings else, they will not accep the job.
As there is a currency economy Wendy pays Claire with it and Claire can then spend on tomatoes or, any other good she consider to maximize her utility.
While Wendy can sale the tomatoes anywhere else thus, amking a gain right away. If Wendy was required to look only for tomatoe interest some portion of their harvest could be lose while looking ofr commercial parties.
Answer:
the expected return on the portfolio is $7,052
Explanation:
The computation of the expected return on the portfolio is shown below:
Stock A return = $2,600 + 12% of 2600 = $2,912
And,
Stock B return = $3,600 + 15% of 3600 = $4,140
So,
Expected return on portfolio is
= $2,912 + $4,140
= $7,052
hence, the expected return on the portfolio is $7,052
