Answer:
$1.5 million.
Explanation:
Calculation of the amount of the break-even sales for Grace Food Company:
Sales mix calculation will be:
Corn Flakes = $2,000,000/$2,500,000
= 0.80,
Frosted Flakes = $500,000/$2,500,000
= 0.20.
Calculation for the Contribution margin ratio will be:
(60%) × (0.80) + (50%) × (0.20) = 58�lculation for the Break-even point will be:
Break even point= Total Fixed Costs/Overall Contribution margin ratio
Hence,
$870,000/0.58= $1.5 million.
Therefore amount of break even sales will be $1.5 million.
<h2>using formal writing style</h2>
Explanation:
Informational reports are written for the purpose of internal audience.
A formal writing style consists of the following:
- It will be written using active voice
- Will avoid vague language
- Sentences will be crisp and clear. No too lengthy sentences are allowed
- Abbreviations will not be present
- Sentences will include items expressed in a positive way
- There will not be any exaggeration of pointers
- No exclamation mark will be outside the quotation marks.
Answer:
A Stockbroker
Explanation:
A stockbroker is a person engaged in the buyng and selling of stocks and securities on a recognized stock exchange on behalf of his clients/investors.
In investing some money in purchasing some stocks, a stockbroker is the right person to engage because stockbrokers buy securities and stocks from the issuing company directly and they are versatile in this aspect as they know companies with good dividends and interest. They give competent investment advice on stocks and companies issuing securities. It is best to work with and engage a stockbroker in purchasing stocks.
Stockbrokers act like the agent of their clients/investors on whom they enter transactions on the stock exchange. They own their principal, that is the investors/clients duties of reasonable care, utmost good faith, loyalty. The stockbroker has a duty to obtain the best selling price or pay the most reasonable price for the stocks on behalf of his clients.
Full question attached
Answer and Explanation:
Answer and explanation attached
Answer:substitution
Explanation:The substitution bias is a weakness in the Consumer Price Index that overstates inflation because it does not account for the substitution effect, when consumers choose to substitute one good for another after its price becomes cheaper than the good they normally buy.
when the price of a product in the consumer basket increases substantially, consumers tend to substitute lower-priced alternatives.
