Answer:
3,636 units
Explanation:
The computation of break-even point in units is shown below:-
Break-even point in units = Fixed cost decreased ÷ Contribution margin per unit
= ($120,000) ÷ ($48 - $15)
= $120,000 ÷ $33
= 3,636.36 units
or
= 3,636 units
Therefore for computing the break-even point in units we simply applied the above formula and ignore all other values as they are not relevant.
Answer:
0.4
Explanation:
This problem has been solved using the method of integration.
We are required to solve for the probability that it takes Robby between 29 and 39 minutes to go grocery shopping
= X~U(20,45)
= 1/45-20
= 1/25
Then we get computation for p[29<x<39]
When we take the integrals with x = 1/25
We get
Probability that it takes Robby between 29 and 39 minutes to go shopping to be 0.4
Answer: Odd first interest payment
Explanation: The Interest paid on the first installment is a odd first Interest payment. Such scenario comes into play when a loan with a fixed installment payment date, which is 6 months in this case (January 1st and July 1st), begins on a date which does not allow the immediate use to f this regular payment schedule. Hence, the odd first Interst payment is adopted in other to enable the lender cove r the initial period before beung able to use the usual regular payment schedule. In this case the odd first Interest schedule is between June 1st to January 1st. After which regular payment schedule commences on July 1st.
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