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Alenkasestr [34]
3 years ago
8

Why do the women from the Financial Diet recommend using direct deposit, mobile banking, and financial apps?

Business
1 answer:
andrew-mc [135]3 years ago
7 0

Answer:

They are useful because you save time and money (and most people consider that time is money). Most apps offer services for free while normally your bank used to charge you for them. Sometimes it is not only what you pay for certain services or not, but the amount of time you spend doing something that can be easily done through an app, e.g. instead of going to an ATM you can just use a cellphone. Those 20-30 minutes that you save cost money. Another advantage of doing things online is that you have the information on hand, and you can check your transactions easily, e.g. when preparing tax returns.

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kondaur [170]

Answer:

The break even point is 25 units.

Explanation:

The break even point is where you have no gain, because the amount of sales in dollars is enoguh to cover your fixed costs. It is calculated

\frac{Fixed.costs}{Contribution.margin}

where the contribution margin (or CM) is the difference between price and variable cost. So, the CM in this case is 120 - 64 = 56.

Finally, the break even point is \frac{1,400}{56} = 25

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Answer:

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