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olganol [36]
3 years ago
12

Cartersville Co. reports the following data:

Business
1 answer:
4vir4ik [10]3 years ago
6 0

Answer:

5.1(Approx)

Explanation:

Given that,

Sales = $787,100

Variable costs = (480,100)

Contribution margin = $307,000

Fixed costs = (246,800)

Operating income = $60,200

Operating leverage:

= Contribution margin ÷ Operating income

= $307,000 ÷ $60,200

= 5.1 (Approx).

Therefore, the operating leverage of Cartersville Co. is 5.1 (approx).

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Suppose Ms. Smith sells her 2018 Honda Fit next year. The original cost of the
Greeley [361]

Answer:

C

Explanation:

Cost=10000

Accumulated depreciation=3000

Sales price=9000

Net value=10000-3000=7000

Gain=9000-7000=2000

7 0
3 years ago
A disadvantage of adding a salad bar to a school lunch menu would be ?
bearhunter [10]
The cost of adding more options. Supply and demand: would the students want to have salad for lunch, or would it go to waste?
5 0
3 years ago
Read 2 more answers
1. The point at which quantity demanded and quantity supplied are equal:______
salantis [7]

Answer:

1. Market Equilibrium, 2. Interest Rate, 3. Rationing, 4. Supply Shock, 5. Excess Supply, 6. Excess Demand, 7. Price Floor

Explanation:

1. The point at which quantity demanded and quantity supplied are equal: <u>Market Equilibrium </u>

2. The financial and opportunity costs consumers pay in searching for a good or service : <u>Interest Rate </u>

3. A system of allocating scarce goods and services by criteria other than price: <u>Rationing </u>

4.  A sudden drop in the supply of a good: <u>Supply (decrease - leftward shift) shock </u>

5. Any situation in which quantity supplied exceeds quantity demanded: <u>Excess Supply  </u>

6. Any situation in which quantity demanded exceeds quantity supplied: <u>Excess Demand </u>

7. A government-mandated minimum price that must be paid for a good or service: <u>Price Floor (Minimum Support Price)</u>

8 0
2 years ago
Which of the following statements is true?a. A country cannot have comparative advantage in producing a certain item if it incur
ss7ja [257]

Answer:

. All countries can gain from trade if they all specialize in production according to comparative advantage

Explanation:

Comparative advantage is when a country produces a product at a lower opportunity cost when compared with its trading partners.

Absolute advantage is when a country produces more quantities of goods and services than its trading partners.

A country can still have comparative advantage in production if opportunity cost is increasing once it's opportunity cost doesn't become greater than that of its trading partners.

A country can have comparative advantage without having absolute advantage.

I hope my answer helps you.

4 0
3 years ago
I want to have a college fund for my daughter. She is 5, so I have 13 years to achieve my goal of $50,000. The bank says I can e
Tju [1.3M]

Answer:

$2960 yearly savings

Explanation:

From the values given and from mathematical manipulation, he or she needs a contribution of at least $2900 every year in order to achieve his goal of $50,000.

                     EXPLANATION

  • If the child is 5yr old now, in 13years time, she will be 18yr old.
  • $2950 target yearly

  • for the next 13years, it would have amount to $38350

  • remember the bank will give an annual interest rate of 2%
  • so for 13years, that's 26% = 0.26

  • In the 13th year, he would have saved $38350, add the 26% interest for the duration of 13years = 26% x $38350 + $38350 = $48321

  • His savings will fall between $2950 - $2960 yearly.

3 0
3 years ago
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