The most expensive home the couple can afford to buy a home is $<u>175,000 </u>having a down payment of <u>20</u>%.
<h3>The computation of the total amount of expenses for home</h3>
Given,
The percentage of the down payment from the complete amount of purchase is 20%.
The total amount of saving by the couple is $35,000.
For calculating the maximum amount for buying the most expensive home the total amount of saving is assumed to be equal to the percentage of down payment.
Thus, if $35,000 is equal to 20% of the total amount then what will be the total amount?
This is computed as follows:
Therefore, the maximum amount that can be afforded by the couple to buy the most expensive home is $175,000.
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Answer: decrease
Explanation: Marginal utility could be explained as the extra satisfaction derived from the consumption of one extra unit of an item. However, as consumption increases, the extra satisfaction (marginal utility) begins to decline. At this point, the demand for such product or item will tend to fall or drop due to the decline in satisfaction. When this happens, reduces the price of such item becomes paramount in other to fight the decline in demand of the product and induce consumers to buy more.
Answer:
Effect on income= $115,000 decrease
Explanation:
Giving the following information:
Fixed costs= $45,000
Number of units= 20,000
Unitary contribution margin= $8
<u>To calculate the effect on income, we need to use the following formula:</u>
Effect on income= decrease in fixed costs - decrease in contribution margin
Effect on income= 45,000 - 20,000*8
Effect on income= $115,000 decrease
The difference between the realized overheads and the estimated overheads is the total overhead cost.
<h3>What are total overhead costs?</h3>
Total overhead costs are identified as the costs related to administration, sales, marketing, and production. Before the total overhead costs are realized, a budget regarding estimated costs is prepared.
The calculation of the total overhead costs is actual overhead costs less the budgeted overhead costs.
Hence, the aforementioned statement regarding total overhead costs holds true.
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Answer:
The correct answer is Sales promotion.
Explanation:
Sales promotion is a promotional mix tool that consists of promoting a product or service through incentives or activities such as offers, discounts, coupons, gifts, raffles, contests, prizes and free samples.
These incentives or activities are known as sales promotions, and are usually intended to promote the sale of the product or service, by encouraging, inducing or motivating the consumer to decide on their purchase or acquisition.
The use of sales promotions is an effective strategy commonly used when launching a new product to the market, when you want to gain market share from the competition, or simply when you want to have a rapid increase in sales; but that has a disadvantage a cost that it is necessary to evaluate well before using.
