The three basic economic questions include the following: "What to produce?"<span> "How to produce?" and "For whom to produce?" There are also three types of economic system as classified by economists and one of them is the market economy. In a market economy, the three basic economic questions are most often answered by the consumers. Hope this helps.</span>
Answer:
Gross profit margin.
Explanation:
Break-Even Analysis enables a business to know how much cash it has under given situations by helping it know how much sales it needs in order to have a certain amount of cash.
It is calculated by the formula;
(Operating Expenses + Annual Debt Service)/Gross Profit Margin = Break-Even Sales
Operating Expenses in this equation is net of Depreciation as depreciation is a non-cash expense.
Answer:
We require 9.67% return per year to achieve 300,000 in the future
Explanation:
we need to solve for the rate at which a current value of 57,000 dollars will generate 300,000 dollars after 18 years:
Principal 57,000.00
time 18.00
Amount 300,000
![r=\sqrt[18]{300,000/57,000} -1](https://tex.z-dn.net/?f=r%3D%5Csqrt%5B18%5D%7B300%2C000%2F57%2C000%7D%20-1)
r = 0.096653034
Answer:
The probability of Ann winning the prize is 2.464
Explanation:
The probability of Ann winning the prize can be analysed as potray below
1.pr(of Ann being the first player selected).
Here Ann plays the 2nd,3rd and 4th player to win prize,the probability=0.8×0.8×0.8=0.512
2.Pr(of Ann being the second player selected)
If Ann is randomly selected as the second player,she will still need to play three matches to win with 1st,3rd and 4th
0.8×0.8×0.8=0.512
3.Pr(of Ann. Being the third player chooses randomly),Ann will get to play just two players i.e the winner of 1and 2 and the 4th.the probability=0.8×0.8=0.64
4.Pr(of Ann being the 4th player choosen randomly)
Ann gets to play only one match to win the prize in this scenario
So probability of a Ann win is 0.8
Total probability a Ann winning the prize=0.512+0.512+0.64+0.8=2.464
Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations:
Variable costs per unit:
Manufacturing:
Direct materials $ 6
Direct labor $ 9
Variable manufacturing overhead $ 3
Variable selling and administrative $ 4
Fixed costs per year:
Fixed manufacturing overhead $ 300.000
Fixed selling and administrative $ 190.000
During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product is $50 per unit.
The four steps of writing an income declaration are: to identify sources of sales, in addition to profits from investments, for an instance pick out business enterprise prices and losses incurred over the same period. Consolidate sales, charges, profits, and losses by means of category, payee, or some other factor.
Learn more about Income statements here:-brainly.com/question/1798830
#SPJ4
