Hindsight is a wonderful thing in any business, or in life in general. We could make the best business decisions and maximise earnings if we had access to a crystal ball that could tell us exactly how many people would buy our goods.
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What Is Cost-Volume-Profit (CVP) Analysis?</h3>
An approach to determining how changes in variable and fixed expenses impact a company's profit is through cost-volume-profit (CVP) analysis.
Companies can utilise CVP to determine how many units they must sell to attain a specific minimum profit margin or break even (pay all expenditures).
CVP analysis makes a number of presumptions, among them the constancy of the sales price, fixed costs, and variable costs per unit.
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Answer:
the average product of 12 workers is 5
Explanation:
The computation of the average product of 12 workers is shown below:
= (Number of units of a product in the case of 11th workers + marginal product of units in 12th worker) ÷ number of workers
= (54 + 6) ÷ 12
= 5
Hence, the average product of 12 workers is 5
The same is to be considered
I think it's called a price ceiling. At least, that's what I think it is.
Answer:
$9,000
Explanation:
Bad Debts Written off $22,000
Uncollectible accounts-recovered $(8,000)
Allowance for doubtful accounts reversed
(opening-closing $40,000-$35,000*) ($5,000)
Bad Debt Expense for the year $9,000
*270,000-235,000 =35,000
Answer:
If Mo pays cash, the cost of the purchase will be $140.
If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.
Explanation:
If Mo pays cash, it implies that she does not get the 3% discount she is entitled to, with the use of her credit card. Therefore, she will bear the full cost. However, if she uses the credit card, the discount is $4.20 ($1540 * 97%) and she will pay only $135.80 as the discounted price of the electronic reader.
