Answer:
a. $198.200
Explanation:
Income is defined as the difference between total sales and total expenses. Expenses encompass both fixed and variable costs.
The contribution margin ratio is defined as:
Therefore, the dollar amount of sales required to obtain an income of $15,100 is:
The dollar amount of sales must be $198,200
Answer:
It is important to screen your business idea because with screening it it can give you a wide variety of what's wrong with your idea and what you can do to solve it
Answer:
a-The present value of revenue in the first year is $61,085.92.
b-The total time it would take to pay for its price is 2.44 years of 29.33 months.
Explanation:
a-
Let the function of the revenue earned is given as
Here
- a and b are the limits of integral which are 0 and 1 respectively
- r is the rate of interest which is 5% or 0.05
- S(t) is the function of value which is
So the present value of revenue in the first year is $61,085.92.
b-
The time in which the machine pays for itself is given as
The present value is set equal to the value of machine which is given as
$160,000 so the equation becomes:
So the total time it would take to pay for its price is 2.44 years of 29.33 months.
Answer:
expense 15,000 Wages expense 450,000
Explanation:
Staple advantage is a type of business to business organization with procurement division that serves the office supplies and services buying needs of business customers of any given size. It also provides break room supplies to business and institutions. It was opened back in 1971 by Samuel Barker Jr. Samuel opened his business with two small presses, a hand cutter, a small steam engine and stock of stationery. The company grew slowly and it became one of the leading office-supply firms in the nothern part of Ohio. By 1950s, it extended its services to metal and wood office.