assume amanda always maximizes her total utility given her budget constraint. every morning for breakfast she has two eggs and t
1 answer:
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Answer:
given statement is true
Explanation:
given data
sells blankets = $25 each
variable cost = $10
fixed cost = $4,500,000
break minus even point = 300,000 units
to find out
true/ false
solution
we will check here break minus even point for find true or false
so here
Contribution is express as = sells blankets - variable cost
Contribution = $25 - $10 = $15
so
break minus even point =
put here value
break minus even point =
break minus even point = 300,000
so we can say given statement is true
Answer: 0.80:1
Explanation:
Given that,
Cash balance = $80,000
Short-term investments = $20,000
Net receivables = $60,000
Inventory = $450,000
Current liabilities total = $200,000
Quick assets = Cash balance + Short-term investments + Net receivables
= $80,000 + $20,000 + $60,000
= $160,000
Red Line’s quick ratio =
=
= 0.80 : 1