Charlie sells cookies only in packages of 10. It costs him $3.50 in materials per package. Additionally, he has overhead costs o
f $1,500.00 per month. In order to pay himself a monthly salary of $5,000.00, how many packages of cookies does Charlie need to sell per month at $10.00 per package?
Let x represent the number of packages Charlie needs to sell to make a monthly income of $5, 000 Since he sells cookies only in packages of 10 then he has to sell 10x to make that income. But Charlie has expenses that has to be deducted from his total sales to make that figure. So the total expenses is $1, 500 in overhead and an extra $3.50 per material per package. So the total expenses = 1500 + 3.50x If he has to make $5, 000 at the end of the month we have 10x - (1500 + 3.50x) = 5000 10x - 1500 - 3.50x = 5000 6.50x = 5000 + 1500 = 6500 Solving we find: x = 1, 000 packages
Based on the scenario above, it illustrates structural. The
structural unemployment happens when an individual’s cause of being unemployed
was because of the reason that the skills that the individual has is not
matched or paired up with the economy in which it offers.
Strategic thinking contributes to rational thinking because when you strategically think about different things you are strategizing components and it comes clear of what it is and then it becomes just common sense.
