<u>Solution and Explanation:</u>
GDP is calculated as follows:
Y = C + G + I + NX
where
C = Consumption
G = Government Expenditure
I = Investment
NX = Net Exports
It is mentioned that in 2015, GDP was 50 million and in 2016, it was 48 million without any change in the factors except NX. It means the net exports that is the difference between export and the import of the country has changed and it has fallen by 2 million.
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Answer:
Breakeven in units 200 units of shirts
Explanation:
Breakeven point is defined as the point where total revenue is equal to the expenses incurred. It is important to businesses because when they target production above this level they will make profit.
Breakeven in units= Fixed cost/ contributing margin
Contributing margin is the revenue minus the variable cost
Breakeven units= 8,000/40
Breakeven units= 200 units
So the business will have cost that will be equal to revenue at this point. If they want to make more profit they will produce more units.
Carns Company is considering eliminating its Small Tools Division, which reported a loss for the prior year of $215,000 as shown below $30,000 decrease.
Contribution margin or dollar contribution per unit is the selling price per unit minus the variable cost per unit. "Contribution" represents the portion of sales that is not consumed by variable costs and contributes to covering fixed costs.
This is an accounting term that helps business owners and managers track the profitability of their products. Understanding contribution margin is important. Because the contribution margin shows how much of the product's sales cover the fixed costs and contribute to the company's profit.
This is an accounting term that helps business owners and managers track the profitability of their products. Understanding contribution margin is important. Because the contribution margin shows how much of the product's sales cover the fixed costs and contribute to the company's profit.
Learn more about profitability brainly.com/question/14598634
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