Answer:
$10,000
Explanation:
The required sales is calculated as;
= Fixed costs + Desired profit / Contribution margin ratio
Given that;
Fixed costs = $2,200,000
Desired profit = $200,000
Variable cost = 20% of sales
Sales = X
Contribution margin ratio =
X = $2,200,000 + $200,000 /
Answer:
Section 4(k) of the Bank Holding Company Act of 1956
Explanation:
Under section 4(k) of the Bank Holding Company Act of 1956 financial institution is any type of institution whose business is involving in activities that are financial in nature or incidental to such financial practices, as determined by this section such as banks, dealers and securities brokers, insurance underwriters and agents, finance companies, mortgage bankers, and travel agents must provide a privacy notice to each and every consumer having an explanation that what data about the consumer is collected, with whom that data is shared, how the data is applied, and how the data is protected.
Answer:
She Should Invest $3,815 now.
Explanation:
Future value is the accumulated value of principal and compounded interest earned in specific period on an specific return rate applied to present value. It is calculated by following formula:
FV = PV x ( 1 + r )^n
FV = Future Value = $5000
PV = Present Value = ?
r = return rate = 7%
n = number of years = 4 years
$5000 = PV ( 1 + 7% )^4
$5000 = PV ( 1 + 0.07 )^4
$5000 = PV ( 1.07 )^4
$5000 = PV x 1.311
PV = $5,000 / 1.311
PV = $3,815
Answer:
FALSE
Explanation:
It is False that Seasonal variations and long run trends complicate the measurement of the business cycle because people are not prepared for the shift in the cycle since they are unexpected.
<em>Seasonal variations are recurring fluctuations that happen at regular and predictable periods every calendar year. Hence they are recurring and expected each year in defined months of the year</em>
<em>Businesses ought to expect to experience seasonal fluctuations in their product demand because an ice-cream producer should expect to sell more in summer while umbrella producers will sell more during the rainy season. This ability of identification of the impact of seasonal influences and the purchasing habits assists in managing seasonal variations.
</em>
<em>
One of the methods that businesses use to accommodate seasonal variations in product demand forecasting is Exponential soothing.</em>
<em>Exponential soothing as a tool of product demand forecasting purports that businesses should first base their forecasts on general demand, before factoring in seasonal influences. </em>
In the circular flow model, the value of total income for an economy <u>equals</u> the value of total production.
The circular flow model is an economic model that presents how money, goods, and services move between sectors in an economic system. The main purpose of the circular flow model is to understand how money moves within an economy.
Sectors involved in the circular flow model are:
- Household Sector
- Business Sector
- government Sector
- Foreign Sector
learn more about circular flow model here
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