Answer:
See the excel spreadsheet attached.
Anticipated profit/(loss) is ($20,000).
Explanation:
The net profit/(loss) is the difference between the total sales and total cost. The total sales is computed as the product of the sale of each book and the number of books sold. The total cost is the sum of the variable and fixed costs.
The total variable cost is the product of the variable cost per book and the total number of books sold.
Alternatively, sales less variable cost gives contribution margin. Contribution margin less fixed cost gives the net profit. As shown in the spreadsheet attached.
Answer:
<h3>
Reduce public and private sector debt to reduce solvency risks.</h3>
Many economy experts state that the main problem which cause an economical crisis was solvency, not liquidity. This means that financial institution didn't have capability to pay, they had enough liquidity (active that can be transformed in cash), but that weren't enough to cover all debt, which brought crisis.
<h3>
Structural reforms to improve competitiveness of real economy.</h3>
The system needs to be reformed about competitiveness, because there're too many monopolies in the economy which is against diversity, leading to a crisis. Doing more fair the competition stage, the economy will have more participants, which is crucial to have a free market model, at the end, this competitiveness will bring back the confidence in this sector. Another positive result of this measure is that there're gonna exist more jobs for people, which is crucial, because the rate of unemployment is dramatic.
<em>Therefore, these two measures could be a possible solution, because attempt in two specific problems which are really serious.</em>
What Adam Smith illustrated in improvement of efficiency in
manufacturing units is through the application of specialization.
Specialization is a way of providing better service and means of focusing
production in a greater degree that could be of benefit for both consumers and
producers.
That statement is true
Especially in a developed country such as the United States where most people held 9-5 jobs that make them do not have many free time on their calendar.
Most of the people use holidays as an opportunity to gather up with relatives and families.