The breakeven point is that when the total revenue is equal to the total cost of production. If we let x be the average selling price, the total revenue would be,
6000x
Given the conditions above, the total cost would be,
(6000)(6) + 24000
At breakeven,
TR = TC
Substituting,
6000x = (6000)(6) + 24000
The value of x from the equation is 10
Answer: $10
Answer:
C. workers with more years of formal schooling are less likely to be affected by ability, effort, and chance.
Explanation:
The <em>signalling theory in education</em> tells us that employees send "signals" to their employees regarding their education. In other words, employers are willing to pay higher wages to employees with additional years of formal schooling.
This means these qualified workers have their wage primarily defined by their education level, which does not always reflect their true skill-set (the output of ability and effort).
Answer:
5.82%
Explanation:
Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity.
Face value = F = $1,000
Assuming Coupon payments are made annually
Coupon payment = $1,000 x 7.35% = $73.5
Selling price = P = $1,130
Number of payment = n = 12 years
Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]
Yield to maturity = [ $73.5 + ( $1,000 - $1,130 ) / 12 ] / [ ( $1,000 + $1,130 ) / 2 ]
Yield to maturity = [ $73.5 - 10.83 ] / $1,065 = $62.67 /1,065 = 0.0588 = 5.88%
Answer:
Product A Contribution per pound: $4.000
Product B Contribution per pound: $2.500
Product C Contribution per pound: $12.857
Explanation:
<u>we need to calcualte the pounds used on each product:</u>
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A: $19.5 material cost/ $3 per pound = 6.5
B: $13.5 material cost/ $3 per pound = 4.5
C: $3.85 material cost/ $3 per pound = 1.2833
Then we divide the contribution of eahc product by the amount of pounds used to know the contribution based on direct materials pounds.