Answer:
Bank runs are bad for the bank affected and usually good for the bank's competitors
Explanation:
A bank run happens when bank depositors withdraw their money deposited due to fear of the bank's solvency.
Bank runs can work as a self fulfilling prophecy. For example, if there a rumour that a bank is insolvent and it is not, depositors would start withdrawing their monies. This would eventually lead to the bank being insolvent.
Bank runs affect other banks and can lead to the collapse of the whole financial system. Bank runs occurred during the great depression
Bank runs led to the establishment of deposit insurance. The aim of deposit insurance is to increase the confidence of depositors in banks because depositors know their deposits are insured
The theory which could maybe explain this situation is "play hard ,work hard"
Answer:
$23 per unit
Explanation:
Given that,
Selling price = $35
sales = $35,000,
variable manufacturing costs = $8,000,
Fixed manufacturing costs = $2,000,
Variable selling and administrative costs = $4,000
Fixed selling and administrative costs = $2,000
Number of units sold:
= Sales ÷ Selling price
= $35,000 ÷ $35
= 1,000
Contribution margin:
= Sales - Variable manufacturing costs - Variable selling and administrative costs
= $35,000 - $8,000 - $4,000
= $23,000
Contribution margin per unit:
= Contribution margin ÷ Number of units
= $23,000 ÷ 1,000
= $23 per unit
<span>Her audience would likely think back to Ovid's tale of Midas. But in Ovid's telling, it's not his wife who knows about his ears, but rather his barber. If her audience is savvy enough, they might instead infer that men are also gossips.</span>
