Answer:
They should deposit $4,9,02 in the account.
Explanation:
Present value is the value of future cash flow in present term. The amount received in future have more value today than in future because of opportunity of reinvestment of cash flow.
Number of periods = 3 x 12 = 36 months
Present value = Future value / ( 1 + r )^n
Present value = $10,000 / ( 1 + 0.02 )^36
Present value = $10,000 / 2.04
Present value = $4,902.23 = $4,902
<span>a. allows researchers to use their prior knowledge about the topic.
Because in judgmental sampling is samples are created based on the knowledge and judgement where their knowledge about the topic is utilised for the purpose for which sampling is being done.</span>
Answer:
<h2>In the case of a linear downward sloping demand curve,the price elasticity of demand is elastic in the upper portion and increasingly inelastic in the lower portion.Hence,the answer in this case would be option A.</h2>
Explanation:
- Based on the common consumer psychology,any rational consumer or buyer is relatively more responsive or reactive to any certain change in market price of any normal good or service during the initial stages of purchase or consumption.
- Hence,during the initial consumption phase,if the market price of any good or service changes by a certain proportion,then consumer demand for that product or service would also change in significant or considerable proportion.
- However,as the rational consumer or buyer increases its consumption level of any good or service as its market price decreases progressively,he or she becomes increasingly insensitive or unresponsive towards the change or further decrease in its market price.
- This phenomenon can be conceptually attributed to the law of diminishing marginal utility of any normal good or service which evidently advocates that as the individual consumer or buyer consumes more of any particular good or service,the additional or incremental consumer satisfaction or utility obtained from 1 more unit purchase of that particular good or services decreases progressively.In other words,the marginal utility of the consumer or buyers falls increasingly as the consumption level of any good or services increases.
- Hence,the market value of any product or service also declines as the consumption level of any good or services increases thereby making the consumers or buyers increasingly unresponsive or non reactive as its market price decreases especially towards the later or subsequent stages of consumption or purchase.
Answer:
Contribution margin per pound
Product A = $30
Product B = $20
Product C = $21
Explanation:
Products A B C
Direct Material $36 $90 $45
Provided cost of raw material per pound is $9
Pounds of raw
material used in a unit $36/9 = 4 $90/9 = 10 $45/9 = 5
Contribution per unit $120 $200 $105
Contribution margin per pound = Contribution per unit/ Pounds per unit
= $120/4 = $30 $200/10 = $20 $105/5 = $21
Highest contribution margin per pound is of Product A = $30
Contribution margin per pound
Product A = $30
Product B = $20
Product C = $21
The Breakeven point in Dollars is $25,000
Breakeven point in Dollars is computed as;
= Fixed cost / Contribution margin ratio
First, we need to compute the contribution margin ratio
= Contribution margin / Revenues
= $22,500 / $37,500
= 0.6%
Then,
Breakeven point in Dollars
= Fixed cost / Contribution margin ratio
= $15,000 / 0.6%
= $25,000
Therefore, Company Z Breakeven Point in Dollars is $25,000
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