Answer:
Break-even point in units= 14,000 units
Explanation:
Giving the following information:
Selling price= $60
Variable costs are $30 per unit
Fixed costs total $120,000.
Desired profit= $300,000
<u>To calculate the number of units to be sold, we need to use the following formula:</u>
Break-even point in units= (fixed costs + desired profit)/ contribution margin per unit
Break-even point in units= (120,000 + 300,000) / 30
Break-even point in units= 14,000 units
Answer:
The answer is Augmented Reality
Explanation:
Augmented Reality usually abbreviated to AR, is a combination of a real-world environment and virtual reality (that is computer generated worlds) where the real world objects are enhanced by computer-generated perceptual information, sometimes across multiple sensory modalities, including visual, auditory, haptic, somatosensory and olfactory.
Examples of Augmented Reality are:
- <em>Nintendo’s Pokémon Go App</em>: This gaming program allows players to catch their favorite Pokémon by looking through their phones at the real world – but with superimposed images.
- <em>Weather Channel Studio Effects</em>: When delivering weather forecasts, Meterologists usually stand behind a green screen which allows the computer program simulate near reality images of weather around the world as they communicate to the viewers.
Cheers!
Answer:
b. $1,140,000
Explanation:
To get the total variable cost, we need to first get the sales.
Sales = Contribution / Margin ratio
= $380,000 / 25%
= $1,520,000
Therefore,
Total variable costs would be
= $1,520,000 * 75% [100% - 25%]
= $1,140,000
Answer:
<h2>In this case,the correct answer would be option b. or rent the room because the marginal benefit exceeds the marginal cost.</h2>
Explanation:
In Microeconomics or Production Economics,one of the basic rules of profit maximization states that the additional revenue or benefit obtained from the sale of an additional unit of output(Marginal Benefit,MB) is equal to the incremental cost incurred by the firm or company to produce that particular unit of output(Marginal Cost or MC).Now,in this case the MB is greater than the MC for renting one more room,implying that the hotel can continue to rent the rooms until the MB and MC of renting rooms are equal and profit is maximized.If the MB is greater than the MC,it also indicates that the firm can increase its overall profit because the marginal profit(MB-MC) or MP is still positive and the total profit from renting rooms can still increase.Therefore,attracted by higher prospects of profit,the hotel will continue to rent the rooms until the MP is zero or MB is equal to MC and hence,the total profit from renting rooms is maximized.