Answer:
(a) 65.22%
(b) $28,800; $38,400; $9,600
Explanation:
Total cost:
= variable cost + fixed cost
= (12,000 × 0.90) + 18,000
= 28,800
Total Revenue:
= quantity of cupcakes sold × selling price of each cupcake
= 12,000 × 3.2
= 38,400
Profit:
= Total revenue - Total cost
= 38,400 - 28,800
= 9,600
Break even sales:
= Fixed cost ÷ contribution margin
= 18,000 ÷ (3.2 - 0.90)
= 7,826.087
Break even volume in capacity:
= Break even sales ÷ Cupcakes produced
= 7,826.087 ÷ 12,000
= 65.22%
Answer:
Yes, I agree. Under UCC rules, the risk of loss is assigned to a party depending on the type of transaction. If a transaction is FOB shipping point, the title passes to the buyer at the moment that the merchandise exits the seller's shipping dock. If the sale is made FOB destination, the title passes only after the merchandise is delivered.
If the title had already passed from the seller to the buyer, the risk of loss is allocated to the buyer.
Answer:
Annual deposit= $37,714.37
Explanation:
Giving the following information:
The villa costs $500,000 today, and housing prices in Mexico are expected to increase by 6% per year. Manny and Irene want to make fifteen equal annual payments into an account, starting today, so there will be enough money to purchase the villa in fifteen years.
The account earns 10% per year.
First, we need to calculate the final value of the house with the following formula.
FV= PV*(1+i)^n
FV= 500,000*(1.06^15)=$1,198,279.1
Now, we can calculate the annual payments required:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,198,279.1*0.10)/[(1.10^15)-1]
A= $37,714.37
Answer :
A. Stereotype (i think this is right)
