Answer:
$200 persons
Explanation:
Total variable cost per person:
= Dinner (per person) + Favors and program (per person)
= $14 + $7
= $21
Total fixed cost:
= Band + Rental of ballroom + professional entertainment during intermission + Tickets and advertising
= $1,800 + $1,100 + $2,000 + $700
= $5,600
Price = $49
Contribution = Price - Total variable cost per person
= $49 - $21
= $28
1. Break-even point for the dinner-dance:
= Total fixed cost ÷ Contribution margin per unit
= $5,600 ÷ $28
= $200 persons
The relationship between the two goods can be described as Complementary good.
<h3>What is complementary good?</h3>
A Complementary good serves as goods or product that their value is been tied to each another.
Therefore, as a Complementary good, increase in the price of first good brings about decease in price of other.
Learn more about Complementary good at;
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Answer:
The correct answer is letter "B": Cash values in excess of premiums paid.
Explanation:
The cost basis of life insurance is the total amount of premiums paid since the beginning of the contract of the insurance minus all the charges assessed since the very same beginning date. When the cash value is higher than the amount of the premiums paid, that amount becomes a taxable gain.
Answer:
joint venture
Explanation:
A joint venture is basically a business entity set up by two other companies (or even more companies that associate with each other) to serve a specific market or accomplish a specific project or task, but the two parent companies continue to operate separately form each other.
The baby boomers could change the fashion industry as they transition to senior citizens because they could motivate designers to create products that meet their needs. For example, they might motivate shoe designers to design shoes that are similar to those worn by the younger generation but perhaps with more comfort and lower heels. Therefore, they will maintain their sense of fashion, but in a rather different manner.